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~ity of <br /> <br />iver o: <br /> FROM: <br /> <br /> SUBJECT: <br /> <br />City Council <br /> <br />Marc Nevinski, Assistant Director of <br />Economic Development <br /> <br />July 10, 2000 <br /> <br />Tax Rebate Financing Resolution <br /> <br />Issue <br />In a motion on May 22, 2000, the City Council approved the use of Tax <br />Rebate Financing by R&W Associates for the construction of leasible space in <br />the McChesney Industrial Park. Unfortunately, as an oversight on my part, <br />the TRF request should have been approved by a resolution and not simply <br />by a motion. <br /> <br />Action Requested <br />To correct this error and comply with state statutes, I am requesting that the <br />city council adopt the attached resolution approving the use of TRF by R&W <br />Enterprises. <br /> <br />Attachments <br /> · City Council Minutes from May 22, 2000 <br /> · Resolution Approving the use of Tax Rebate Financing by R&W <br /> Enterprises <br /> <br />13065 Orono Parkway · P.O. Box 490 · Elk River, MN 55330 · TDD & Phone: (612) 441-7420 · Fax: (612) 441-7425 <br /> <br /> <br />