HomeMy WebLinkAboutHRA Resolution No. 2000-05 Business Budsidy Granview Square LLC w9lN�. r�1• HRA RESOLUTION NO. 2000-05
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RESOLUTION RELATING TO BUSINESS SUBSIDIES;
APPROVING CRITERIA FOR THE GRANTING OF BUSINESS SUBSIDIESCIty Of Edlna
AND GRANTING OF BUSINESS SUBSIDY TO GRANDVIEW SQUARE, L.L.C.
BE IT RESOLVED by the Board of Commissioners of Housing and Redevelopment Authority
of Edina, Minnesota (the "HRA"), as follows:
SECTION 1. RECITALS
1.01. Minnesota Statutes, Sections 116J.993 to 116J.995 (the "Act"), provides that the HRA,
as a local government agency within the meaning of the Act, may not grant a business subsidy, within the
meaning of the Act, until it has adopted criteria, following notice of a public hearing, for awarding
business subsidies, and the Act further provides that before granting a business subsidy that exceeds
$100,000 the HRA must provide notice and a public hearing on the business subsidy.
1.02. A public hearing on the adoption of the criteria for the awarding of business subsidies and
on the granting of a business subsidy to Grandview Square, L.L.C. (the "Redeveloper") was held by the
HRA on August 15, 2000. A copy of the criteria of the HRA for awarding of business subsidies (the
"Criteria") and the Business Subsidy Agreement between the HRA and Redeveloper (the "Business
Subsidy Agreement") has been presented to this Board and is ordered placed on file with the Executive
• Director of the HRA.
SECTION 2. APPROVALS.
2.01. The Criteria as presented to this Board is hereby approved.
2.02. This Board hereby determines that the creation or retention of jobs is not a goal of
providing the business subsidy to the Redeveloper. The form of the Business Subsidy Agreement is
hereby approved and the Chair and Secretary are hereby authorized to execute and deliver the Business
Subsidy Agreement on behalf of the HRA in the form presented to this Board with such changes thereto
as may be approved by such officer .
Dated t is 1 da u us 00.
ATTEST: / � yI
Executive ire to( Chair
STATE OF MINNESOTA )
COUNTY OF HENNEPIN )SS
CITY OF EDINA )
CERTIFICATE
I, the undersigned duly appointed and acting Executive Director for the City of Edina do hereby certify that the
attached and foregoing Resolution was duly adopted by the Edina Housing and Redevelopment Authority at its
Regular Meeting of August 15,2000,and as recorded in the Minutes of said Regular Meeting.
. WITNESS my hand and seal of said City this day of ,20_
Executive Director
City Hall (952) 927-8861
4801 WEST 50TH STREET FAX(952)826-0390
EDINA,MINNESOTA 55424-1394 TDD(952)826-0379