HomeMy WebLinkAboutResolution No. 260-18 - RAEDI.SmartLabHoodSolutions.BusinessSubsidyAgreement
RESOLUTION
BE IT RESOLVED by the Common Council of the City of Rochester that the City authorize:
Approval of the RAEDI Board recommendation to provide a $50,000 loan to Smart Lab Hood
Solutions and approval of Business Subsidy Agreement with Smart Lab Hood Solutions.
The Mayor and Clerk are authorized to sign the necessary documents.
PASSED AND ADOPTED BY THE COMMON COUNCIL OF THE CITY OF
ROCHESTER, MINNESOTA, THIS __________ DAY OF ______________, 2018.
___________________________________
PRESIDENT OF SAID COMMON COUNCIL
ATTEST: __________________________
CITY CLERK
APPROVED THIS _____ DAY OF _____________________, 2018.
__________________________________
MAYOR OF SAID CITY
(Seal of the City of
Rochester, Minnesota)
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