HomeMy WebLinkAbout4.3b Resolution 2022-012 for CDA Predevelopment Finance Fund ApplicationCITY OF COTTAGE GROVE, MINNESOTA
COTTAGE GROVE ECONOMIC DEVELOPMENT AUTHORITY
RESOLUTION 2022-012
A RESOLUTION SUPPORTING AN APPLICATION TO THE WASHINGTON COUNTY
COMMUNITY DEVELOPMENT AGENCY (CDA) PREDEVELOPMENT FINANCE FUND
WHEREAS, the City staff has identified a proposed project within the City that meets the
Washington County Community Development Agency (CDA) Predevelopment Finance Fund’s
purposes and criteria; and
WHEREAS, the City staff has established that the property in consideration has been zoned
and/or guided for future development accordingly and the proposed project is a high priority of
the city; and
WHEREAS, the Economic Development Authority supports the proposed project scope of work
and hereby supports the application to the Predevelopment Finance Fund; and
WHEREAS, the Economic Development Authority is supportive of enhancing economic
development opportunities that will serve to create jobs, enhance the tax base and improve the
lives of Washington County residents.
NOW THEREFORE BE IT RESOLVED that the Economic Development Authority of the City of
Cottage Grove recommends approval of the application for funding from the Washington County
CDA Predevelopment Finance Fund.
BE IT FURTHER RESOLVED that this recommendation for approval of the application be
forwarded to the City Council for consideration at their December 21, 2022, meeting.
Passed this 13th day of December 2022.
Myron Bailey, EDA President
Attest:
Jennifer Levitt, Executive Director