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<br />*Item 3.15. & 3.16.* <br /> <br /> <br />MEMORANDUM <br /> <br />TO: Mayor and City Council <br /> <br />FROM: Catherine Mehelich, Director of Economic Development~ <br /> <br />DATE: January 9,2006 <br /> <br />SUBJECT: Call for Public Hearings <br /> <br />Staff recommends the City Council call the following public hearings for the February 6, <br />2006 City Council meeting: <br /> <br />. A public hearing is required by MN Department of Employment and Economic <br />Development (DEED) in order to close out the reporting requirements of the MN <br />Investment Fund Program grant of $200,000 which the City received in 2003 and <br />provided as a loan to assist the Sportech, Inc. expansion project. <br /> <br />. A public hearing is required by state statutes to consider the tax abatement and <br />business subsidy request by The Bank of Elk River for their proposed expansion <br />project. <br />