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City Council Minutes Page 2 <br />August 15, 2005 <br />----------------------------- <br />3.7. ADOPT RESOLUTION 05-87 ACKNOWLEDGING CONTRIBUTIONS <br />TO THE CITY OF ELK RIVER FROM WALMART FOR NATIONAL <br />NIGHT OUT <br /> <br /> MOTION CARRIED 5-0. <br /> <br />4. Open Mike <br /> <br /> No one appeared for Open Mike <br /> <br /> <br />5.1.Resolutions Authorizing Execution of a Tax Abatement and Business Subsidy Agreement- <br />Public Hearing <br />A. Medical Extrusion Technologies, Inc. <br />B. Crystal Distribution, Inc. <br />C. Alliance Machine, Inc. <br />D. Classic Acrylics, Inc. <br /> <br />Assistant Director of Economic Development Heidi Steinmetz stated the EDA reviewed the <br />use of tax abatement for the four companies listed above and recommended the City <br />Council approve the use of tax abatement. She provided an overview of each of the four <br />companies and the amount of tax abatement for each. <br /> <br />Mayor Klinzing opened the public hearing for public comment on all four proposals. There <br />being no one to speak to the issues, Mayor Klinzing closed the public hearing. <br /> <br />MOVED BY COUNCILMEMBER FARBER AND SECONDED BY <br />COUNCILMEMBER GUMPHREY TO ADOPT RESOLUTION 05-88 <br />AUTHORIZING THE USE OF A TAX ABATEMENT AND BUSINESS <br />SUBSIDY AGREEMENT FOR PROVO ENTERPRISES, LLC (ALLIANCE <br />MACHINE INC.). MOTION CARRIED 5-0. <br /> <br />MOVED BY COUNCILMEMBER MOTIN AND SECONDED BY <br />COUNCILMEMBER FARBER TO ADOPT RESOLUTION 05-89 <br />AUTHORIZING THE USE OF A TAX ABATEMENT AND BUSINESS <br />SUBSIDY AGREEMENT FOR O’BRIEN HOLDINGS, LLC (CRYSTAL <br />DISTRIBUTION INC.). MOTION CARRIED 5-0. <br /> <br />MOVED BY COUNCILMEMBER FARBER AND SECONDED BY <br />COUNCILMEMBER GUMPHREY TO ADOPT RESOLUTION 05-90 <br />AUTHORIZING THE USE OF A TAX ABATEMENT AND BUSINESS <br />SUBSIDY AGREEMENT FOR MEDICAL EXTRUSION TECHNOLOGIES, <br />INC. MOTION CARRIED 5-0. <br /> <br />MOVED BY COUNCILMEMBER MOTIN AND SECONDED BY <br />COUNCILMEMBER FARBER TO ADOPT RESOLUTION 05-91 <br />AUTHORIZING THE USE OF A TAX ABATEMENT AND BUSINESS <br />SUBSIDY AGREEMENT FOR RST CAYO, LLC (CLASSIC ACRYLICS INC.). <br />MOTION CARRIED 5-0. <br /> <br />Mayor Klinzing welcomed the four companies to Elk River and thanked them for choosing <br />Elk River for their business needs. <br /> <br /> <br />