Ed062600
CITY OF NEW HOPE
4401 XYLON AVENUE NORTH
NEW HOPE, MINNESOTA 55428
Approved EDA Minutes June 26, 2000
Regular Meeting City Hall
CALL TO ORDER President Enck called the meeting of the Economic Development Authority to order
at 7:06 p.m.
ROLL CALL Present: W. Peter Enck, President
Sharon Cassen, Commissioner
Don Collier, Commissioner
Pat LaVine Norby, Commissioner
Mark Thompson, Commissioner
to
APPROVE MINUTES Motion was made by Commissioner Norby, seconded by Commissioner Collier,
approve the Regular Meeting Minutes of May 22, 2000
. All present voted in
favor. Motion carried.
President Enck introduced for discussion Item 4, Public Hearing: Resolution
PUBLIC HEARING
Adopting Business Subsidy Criteria.
Item 4
Mr. Dan Donahue, City Manager, explained that state law requires a public hearing
to receive public input from interested parties. He noted the City has had guidelines
in place for several years but to comply with state law, it is necessary that the City
adopt a policy. The objective of the policy is to attract and enhance commercial and
industrial development thereby increasing employment opportunities for New Hope
residents and developing the job base and tax base of the City. The subsidy could be
any type of financial gain to the business. The subsidy is defined as a grant,
contribution of personal or real property, infrastructure, the principal amount of a
loan at rates below those commercially available, a reduction of deferral or any tax
or fee, any guarantee of payment or any preferential use of government facilities
given to a business. The policy would be used for business subsidies that equal or
exceed $25,000. Mr. Donahue commented that there are no projects currently under
consideration.
There was no one present in the audience to address the EDA at the public hearing.
Mr. Donahue recommended postponing action adopting the criteria until after
further discussion at a future work session.
Motion was made by Commissioner Cassen, seconded by Councilmember Norby,
CLOSE HEARING
to close the public hearing and postpone action until June 27, 2000 Work
Item 4
Session
. All present voted in favor. Motion carried.
ADJOURNMENT Motion was made by Commissioner Norby, seconded by Commissioner Thompson,
to adjourn the meeting. All present voted in favor. Motion carried. The New Hope
EDA adjourned at 7:12 p.m.
Respectfully submitted,
Valerie Leone
City Clerk
New Hope EDA June 26, 2000
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New Hope EDA June 26, 2000
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