HomeMy WebLinkAbout2000-020 CCRits adoption:
Member Debra Hilstrom introduced the following resolution and moved
RESOLUTION NO. 00-20
RESOLUTION ADOPTING BUSINESS SUBSIDY POLICY
WHEREAS the CitY of Brooklyn Center is required by Minnesota Statutes,
Sections 116J-993 through 116J.995, to adopt a business subsidy policy; and
a
WHEREAS, attached hereto and incorporated herein by references Exhibit A is
a proposed Business Subsidy Policy with criteria; and
WHEREAS, the City Council conducted a public hearing on January 24, 2000,
regarding the proposed Business Subsidy Policy and criteria; and
WHEREAS, it has been found and determined by the City Council of the City of
Brooklyn Center that the proposed Business Subsidy Policy and criteria as set forth in Exhibit A
are reasonable and proper.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Brooklyn Center that the Business Subsidy Policy and criteria as set forth in Exhibit A be and
hereby are adopted by the City Council.
January 24, 2000
Date
ATTEST:►
City Clerk
Mayor
'--a
The motion for the adoption of the foregoing resolution was duly seconded by member
Kay Lasman
and upon vote being taken thereon, the following voted in favor thereof:
Myrna Kragness, Debra Hilstrom, Kay Lasman, Fri. Nelson, and Robert Peppe;
and the following voted against the same: none;
whereupon said resolution was declared duly passed and adopted.
RESOLUTION NO. 00-20 Exhibit A
CITY OF BROOKLYN CENTER
BUSINESS SUBSIDY POLICY
The following business subsidy policy is intended to satisfy the requirements of Minnesota Statutes,
Sections 116J.993 and I I6J.994 (the "Act"), in particular, Section 116J.994, subdivision 2, thereof.
Terms used but not defined herein have the meaning given them in the Act. The term "City" shall
mean the City of Brooklyn Center. The term "Project" means the property with respect to which the
Business Subsidy is provided.
A. MANDATORY CRITERIA
All Projects must comply with the following criteria:
But For Test. There is a substantial likelihood that the Project would not go forward without
the Business Subsidy. This criterion may be, met based solely on representations of the recipient of
the Business Subsidy.
2. Waae Policv. If the Project results in an obligation to create new jobs pursuant to a subsidy
agreement, the wage for each part-time and full-time job required to be created pursuant to the
subsidy agreement shall, within two years of the benefit date, pay at least $7.00 per hour.
3. Feasibilitv. The recipient must demonstrate to the satisfaction of the City that the Project has
been adequately financed and either has been or will be completed in a timely fashion.
4. Comnliance with Act. The Business Subsidy must satisfy all requirements of the Act.
B. EVALUATIVE CRITERIA
The following criteria recognize that the award of a Business Subsidy may serve a variety of public
purposes of varying importance depending upon the specific Project facilitated by the Business
Subsidy. The degree of importance to be attached to various public purposes which may be served
by a particular Project must therefore involve the exercise of sound judgment after weighing all
relevant criteria. Not all evaluative criteria will be applicable to all projects.
In any event, the City may disregard any evaluative criterion it determines to be either irrelevant or
unimportant in the case of the particular project, as permitted by the Act.
The evaluative criteria are as follows:
1. Jobs. The number of full-time equivalent jobs to be created or retained by the proposed
2. Tax Base. The net increase in property taxes estimated to be generated by the Project in the
first full year of operation.
RESOLUTION NO. 00-20
Exhibit A
3. Services to the Community. Whether the Project will provide services or facilities needed
in the community. For example, the Project may provide needed health care services, commercial
facilities, or other services or facilities needed in the community.
4. Blighted Pronertv. Whether the Project is located on property which is, or is likely to
become blighted, and is not likely to be developed or redeveloped because of the blight or other
adverse conditions.
5. Design and/or Other Amenitv Concessions. Whether, as a result of the Business Subsidy,
the Project will include design and/or amenity features not otherwise required by law.
6. Comnatibilitv. Whether the Project is compatible with the comprehensive plan.
7. Utilization of Existing Infrastructure Investment. Whether and to what extent the Project will
utilize existing public infrastructure capacity or will require additional publicly funded infrastructure.
8. Leveraged Public Funds. The ratio of private funds which will be applied towards the capital
cost of the project compared to the Business Subsidy.
9. Other Factors. Depending on the nature of the Project, such other factors as the City may
deem relevant in evaluating the Project and the Business Subsidy proposed for it.
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