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CITY OF ELK RIVER, MINNESOTA <br /> <br />RESOULTION CALLING FOR A PUBLIC HEARING ON THE PROPOSED <br />ADOPTION OF A BUSINESS ASSISTANCE CRITERIA FOR TAX <br />INCREMENT FINANCING DISTRICT NO. 21 <br /> <br />RESOULTION NO. 00-53 <br /> <br /> WI-IEREAS, the State Legislature has adopted Minnesota Statutes, Section <br />116J.993 to 116J.995 ("the Statutes") governing business subsidies granted by unties of <br />government; and <br /> <br /> WHEREAS, the City of Elk River, a municipality, fits the definition of "grantor" <br />in the Statutes; and <br /> <br /> WHEREAS, a grantor is required to adopt a set of criteria for awarding business <br />assistance. <br /> <br /> NOW, THEREFORE, BE IT RESOLVED by the City Council ("the Council") of <br />the City of Elk River, Minnesota, as follows: <br /> <br />Section 1. Public Heating The Council shall meet on August 21, 2000 at approximately <br />6:00pm to hold a public hearing on the proposed adoption of criteria for awarding a <br />business assistance in accordance with the Statutes; and <br /> <br />Section 2. Notice of Public Hearing City staff is authorized and directed to prepare the <br />criteria. The City Clerk is authorized and directed to cause notice of the hearing to be <br />published at least once in the official newspaper of the City of Elk River not later than 10 <br />days prior August 21, 2000 and to place a copy of the proposed criteria on file and to <br />make such a copy available for inspection by the public. <br /> <br />Dated: July 10, 2000 <br /> <br />City Clerk, Sandra Peine <br /> <br />s:\eda\tifitif21 ~subres.doc <br /> <br /> <br />