City Council Resolution 2009-12CITY OF MONTICELLO
RESOLUTION NO. 2009-1 2
RESOLUTION APPROVING AMENDED BUSINESS SUBSIDY CRITERIA
BE IT RESOLVED By the City Council ("Council") of the City of Monticello ("City") as
follows:
Section 1. Recitals.
1.01. Before awarding any "business subsidy" as defined in Minnesota Statutes, Section
116J.993 to 116J.994 (the "Business Subsidy Act"), the City is required to adopt criteria regarding
such subsidies after holding a public hearing.
1.02. The City previously approved business subsidy criteria (the "Business Subsidy
Criteria") and has now determined to amend and restate the Business Subsidy Criteria in accordance
with requirements of the Business Subsidy Act, as amended.
1.03. The Council has reviewed the amended and restated Business Subsidy Criteria (the
"Amended Criteria") on file in City Hall, and has on this date held a duly noticed public hearing at
which all interested persons were given an opportunity to be heard.
1.04. The City of Monticello Economic Development Authority held a duly noticed public
hearing on March 11, 2009, and recommended the City approve the Amended Criteria.
Section 2. Amended Criteria Approved.
2.01. The City approves the Amended Criteria on file in City Hall, which Amended
Criteria supersede any prior business subsidy policy or criteria adopted by the City;
2.02. City staff is authorized to transmit a copy of the Amended Criteria to the Minnesota
Department of Employment and Economic Development in accordance with the Business Subsidy
Act.
Approved by the City Council of the City of Monticello on this 23d day of March, 2009.
Mayor
A1rrVcrr-
347382v1 MNI MN190-1