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City of <br /> Elk <br /> ''�-- City of Elk River <br /> River City Council <br /> Resolution 21- <br /> A Resolution of the City Council of the City of Elk River Regarding the <br /> Support of a Job Creation Fund Application in Connection <br /> with Sportech, LLC <br /> WHEREAS, the City of Elk River,Minnesota (the "City"),desires to assist Sportech,LLC, <br /> a limited liability company,which is proposing to construct an approximately 91,050 square <br /> feet expansion to its existing facility located in the City consisting of office and <br /> manufacturing space (the "Project"); and, <br /> WHEREAS, the City of Elk River understands that Sportech,LLC, through and with the <br /> support of the City,intends to submit to the Minnesota Department of Employment and <br /> Economic Development an application for an award and/or rebate from the Job Creation <br /> Fund Program; and, <br /> WHEREAS, the City of Elk River held a city council meeting on February 16, 2021 to <br /> consider this matter. <br /> NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Elk <br /> River,Minnesota, that, after due consideration, the City Council of the City,hereby adopts <br /> the following findings of fact related to the project proposed by Sportech,LLC, and its <br /> application for an award and/or rebate from the Job Creation Fund Program ("JCF") and <br /> express their approval. <br /> 1. The Developer has represented that with assistance it will locate the Project in the City <br /> and cause the creation of new jobs in the City. The City finds that the Project is in the public <br /> interest because it will encourage the growth of commerce and industry,prevent the <br /> movement of current or future operations to locations outside Minnesota,result in increased <br /> employment in Minnesota,preserve or enhance the state and local tax base,provide a direct <br /> increase in good paying local jobs, as well as an increase in indirect and induced jobs in the <br /> local economy. The project will result in the retention of Sportech's existing operations <br /> within the City, as well as encourage future growth within the City and State, as opposed to <br /> the relocation of operations to one of several out-of-state locations. <br /> 2. Based on the Developer's request for JCF funding and the City's understanding that the <br /> Project would not be located within in the City if such funding assistance is not granted, the <br /> City finds that the Project would not reasonably be expected to occur solely through private <br /> investment within the reasonably foreseeable future. <br /> UREJ <br />