HomeMy WebLinkAbout2016-02-09 PACKET 04.05.C.
COTTAGE GROVE ECONOMIC DEVELOPMENT AUTHORITY
CITY OF COTTAGE GROVE
WASHINGTON COUNTY
STATE OF MINNESOTA
RESOLUTION NO. EDA 2016-005
RESOLUTION CALLING FOR A PUBLIC HEARING ON
A BUSINESS SUBSIDY IN CONNECTION WITH
TAX INCREMENT FINANCING DISTRICT NO. 1-17
BE IT RESOLVED by the Board of Commissioners (the “Board”) of the Cottage Grove
Economic Development Authority (the “EDA”) as follows:
1.The Board will meet on March 8, 2016 at approximately 7:30 a.m. in the Cottage Grove City
Council Chambers at City Hall, 12800 Ravine Parkway, Cottage Grove, Minnesota to
consider approving a business subsidy agreement to a developer in connection with the
establishment of Tax Increment Financing District No. 1-17, pursuant to Minn. Stat., section
116J.994, subd. 5 and section 469.105, subd. 2.
2.The EDA Executive Director, staff and consultants are authorized and directed to prepare a
notice of such public hearing and to cause it to be published at least 10 but not more than 20
days prior to the hearing in the City’s official newspaper or a newspaper of general circulation
in the city.
3.The EDA Executive Director, staff and consultants are authorized and directed to prepare the
business subsidy agreement and cause the terms thereof and the terms and conditions of the
land sale to be available for public review.
Approved by the Board on February 9, 2016.
Myron Bailey, President
Attest:
Charlene R. Stevens, Executive Director
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