HRA Resolution 2006-04MONTICELLO HOUSING AND REDEVELOPMENT AUTHORITY
CITY OF MONTICELLO
COUNTY OF WRIGHT
STATE OF MINNESOTA
RESOLUTION NO. 2006 -04
RESOLUTION CALLING FOR A PUBLIC HEARING ON THE PROPOSED
AWARDING OF A BUSINESS SUBSIDY TO KARL SBURC ='ER FOODS, INC.
BE IT RESOLVED, by the Board of Commissioners (the "Board ") of the Monticello Housing and
Redevelopment Authority (the "HRA ") as follows:
WHEREAS, Minnesota Statutes, Sections 116J.993 to 116J.995 (the "Business Subsidy Act" or
"Act ") was adopted in 1999 and governs the granting of business subsidies by units of government; and
WHEREAS, the HRA is a grantor within the meaning of the Act; and
WHEREAS, a grantor must hold a public hearing before awarding any individual business subsidy if
the subsidy will exceed $100,000.
NOW, THEREFORE BE IT RESOLVED by the Board as follows:
1. The HRA shall meet on April 5, 2006 at approximately 6:00 P.M., to hold a public hearing to
consider awarding a business subsidy to Karlsburger Foods, Inc.;
2. Staff and consultants are authorized and directed to take all steps necessary to prepare the business
subsidy agreement and related documents.
3. Staff and consultants are authorized and directed to cause notice of the hearing to be published at
least once in the official newspaper of the City not later than 10 days prior to April 5, 2006, and to
place a copy of the proposed business subsidy agreement on file and to make such copy available for
inspection by the public.
Approved by the Board on March 1, 2006.
Nair
ATTEST: