HomeMy WebLinkAbout2015-10-11 PACKET 05.01.B.
COTTAGE GROVE ECONOMIC DEVELOPMENT AUTHORITY
CITY OF COTTAGE GROVE
WASHINGTON COUNTY
STATE OF MINNESOTA
RESOLUTION NO. ________________
RESOLUTION APPROVING CONTRACT FOR
PRIVATE DEVELOPMENT, APPROVING BUSINESS SUBSIDY AGREEMENT
AND AUTHORIZING SALE OF LAND
WHEREAS, the Board of Commissioners (the “Board”) of the Cottage Grove Economic
Development Authority (the “EDA”) has caused to be prepared that certain Contract for Private
Development by and between Cottage Grove Economic Development Authority, Hy-Vee, Inc. and
the City of Cottage of Grove (the “Agreement”); and
WHEREAS, the Board considered the Agreement at its meeting on October 6, 2015; and
WHEREAS, the Board held a public hearing on a business subsidy agreement and the sale of
certain land and considered a revised Agreement at its meeting on November 10, 2015; and
WHEREAS, the Board considered all written comments and oral testimony from interested
parties received by the Board prior to or at the public hearing.
NOW, THEREFORE, BE IT RESOLVED by the Board as follows:
1.The revised Agreement, as presented and considered on November 10, 2015, is hereby
approved and the President and Executive Director are authorized and directed to execute the
Agreement on behalf of the EDA.
2.The business subsidy agreement with Hy-Vee, Inc. included within the Agreement is hereby
approved in satisfaction of the requirements of Minn. Stat., section 116J.994.
3.The sale of certain land to Hy-Vee, Inc. under the terms and conditions specified in the
Agreement is hereby approved. This resolution constitutes entering the EDA’s decision on
the record regarding the land sale as required by Minn. Stat., section 469.105, subd. 3.
4.The EDA requests that the Cottage Grove City Council (the “City Council”) consider approval
of the business subsidy agreement as required by Minn. Stat., section 116J994, subd. 3(d).
5.The EDA Executive Director, staff and consultants are authorized and directed to carry out
all such actions as may be necessary or convenient to effect the intent and purpose of this
resolution.
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Approved by the Board on November 10, 2015.
By:
Myron Bailey, President
Attest:
Charlene R. Stevens, Executive Director
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