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<br />Action Requested <br />The Council is required to hold a public hearing to take comments from the public on the proposed tax <br />abatement and on the business subsidy. <br /> <br />Following the public hearing, staff requests the Council adopt the attached Resolution Authorizing <br />Execution of a Tax Abatement and Business Subsidy Agreement. <br /> <br />Council Action <br /> <br />Motion by _ <br /> <br />Second by _ <br /> <br />Vote <br /> <br />Follow Up <br /> <br />S:\EDA \ TAXABATE\Bank of Elk River\Memos\REQUEST COUNCIL ACTION 2.6.06.doc <br />