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<br />Request for Action <br /> <br /> <br />To Item Number <br /> <br />Mayor and City Council 4.7 <br />Agenda Section Meeting Date Prepared by <br /> <br />ConsentAugust 17, 2015Amanda Othoudt, EDD <br />Item Description Reviewed by <br />GATR Assignment and Assumption of Tax Cal Portner, City Administrator <br />Abatement and Business Subsidy Agreement for <br />Reviewed by <br />GATR of Elk River. <br /> <br /> <br />Action Requested <br /> <br />Approve, by motion, the Assignment and Assumption of Tax Abatement and Business Subsidy <br />Agreement for GATR of Elk River. <br /> <br />Background/Discussion <br /> <br />The attached agreement assigns the rights to GATR of Elk River from GATR of Sauk Rapids for <br />organizational purposes. GATR of Sauk Rapids is a single-member entity also solely owned by Bob <br />Neitzke. <br /> <br />The assignment contains consent for the City of Elk River to agree to the organizational changes for <br />business subsidy and tax abatement purposes <br /> <br />Financial Impact <br /> <br />None <br /> <br />Attachments <br /> <br /> <br /> <br />GATR Assignment and Assumption of Tax Abatement and Business Subsidy Agreement for <br />GATR of Elk River <br /> <br />