HomeMy WebLinkAbout16-050 - ADMIN Resolution - City Council - 2016/04/04RESOLUTION NO. 16-050
RESOLUTION RATIFYING A MINNESOTA INVESTMENT FUND APPLICATION
BY THE ST. LOUIS PARK ECONOMIC DEVELOPMENT AUTHORITY
IN CONNECTION WITH MONEYGRAM PAYMENT SYSTEMS, INC.
WHEREAS, the City of St. Louis Park, Minnesota (the "City"), desires to assist
MoneyGram Payment Systems, Inc. ("MoneyGram"), which is proposing the expansion of its
business, including the creation of at least 52 new jobs and the retention of 408 jobs, in the City;
and,
WHEREAS, the City understands that MoneyGram, through and with the support of the
St. Louis Park Economic Development Authority ("Authority"), wishes to apply or has applied to
the Minnesota Department of Employment and Economic Development's Minnesota Investment
Fund Program for project financing; and,
WHEREAS, on the date hereof, the City held a City Council meeting to consider this
matter.
NOW, THEREFORE, BE IT RESOLVED that, after due consideration, the Mayor and
City Council of the City of St. Louis Park, Minnesota, hereby express their approval of the
sota Investment Fund application or award from the Authority to assist with this project,
nd ra 'fy the Authority's actions in applying for such assistance.
Administration
Attest:
a
Melissa benne y, C ty Clerk
Adopted by the City Council April 4, 2016