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City Council Resolution 1995-58RESOLUTION 95- 58 SPONSORING UNIT OF GOVERNMENT RESOLUTION WHEREAS, pursuant to the provisions and requirements of the 1987 Rural and Economic Development Act, the local governing unit is required to issue a Sponsoring Resolution on behalf of businesses requesting financing through the Central Minnesota Initiative Fund's partnership with the State of Minnesota's Challenge Grant Program, and WHEREAS, this body has received a request to issue a resolution on behalf of James C. Harwood and Bradley D. Barger, dba Vector Tool & Manufacturing, Inc., and WHEREAS, it is consistent with the purpose of this local governing unit to encourage employment, enhance the tax base, and create more opportunity for its residents. NOW, THEREFORE, BE IT RESOLVED that this local governing unit supports the project submitted by James C. Harwood and Bradley D. Barger, dba Vector Tool & Manufacturing, Inc., to the Central Minnesota Initiative Fund's partnership with the State of Minnesota's Challenge Grant Program. Minutes of the meeting of this local governing unit adopting this resolution are attached hereto and made a part hereof. Adopted this 9th day of October, 1995. City AdministratgW Witn ss