HomeMy WebLinkAboutResolution No. 035-23 - Resolution - Supporting a Job Creation Fund Application - Nucleus RadioPharma
RESOLUTION
Supporting a Job Creation Fund Application In Connection With Nucleus
RadioPharma.
WHEREAS, the City of Rochester, Minnesota (the “City”), desires to assist Nucleus
RadioPharma, Inc., which is proposing to startup its facility in the City; and,
WHEREAS, the City of Rochester understands that Nucleus RadioPharma, through and
with the support of the City, intends to submit to the Minnesota Department of
Employment and Economic Development an application for an award and/or rebate from
the Job Creation Fund Program; and,
WHEREAS, the matter was considered at a regularly scheduled meeting of the Common
Council on February 6, 2023.
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of Rochester,
Minnesota, that the Common Council expresses their approval of, and hereby adopts the
following findings of fact related to, the project proposed by Nucleus RadioPharma and
its application for an award and/or rebate from the Job Creation Fund Program:
1. Finding that the project is in the public interest because it will encourage the growth
of commerce and industry, prevent the movement of current or future operations to
locations outside Minnesota, result in increased employment in Minnesota, and
preserve or enhance the state and local tax base. Findings include the Company has
considered the proposed startup in other communities. The Company plans to create
28 new full-time over a 2 year period.
2. Finding that the proposed project, in the opinion of the City Council, would not
reasonably expected to occur solely through private investment within the reasonably
foreseeable future. Findings include that the Company has also considered startup
outside of Minnesota and that in order to facilitate timely project in Rochester, the
Company is looking for additional investment beyond its private investment.
3. Finding that the proposed project conforms to the general plan for the development or
redevelopment of the City as a whole. Finding indicates the proposed project is
consistent with the goals of the City Comprehensive Plan for diversification of
economy and compact development utilizing existing infrastructure.
4. Finding that the proposed project will afford maximum opportunity, consistent with the
sound needs of the City as a whole, for the redevelopment or development of the
project by private enterprise. Finding includes diversification of economy and
opportunity to take advantage of local diverse workforce.
PASSED AND ADOPTED BY THE COMMON COUNCIL OF THE CITY OF
ROCHESTER, MINNESOTA, THIS__________DAY OF______________, 2023.
___________________________________
PRESIDENT OF SAID COMMON COUNCIL
ATTEST: __________________________
CITY CLERK
APPROVED THIS_____DAY OF_____________________, 2023.
__________________________________
MAYOR OF SAID CITY
(Seal of the City of
Rochester, Minnesota)