HomeMy WebLinkAboutResolution No. 451-06 t ; , - t
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RESOLUTION
BE IT RESOLVED by the Common Council of the City of Rochester that the City execute
an agreement with the Minnesota Department of Employment and Economic Development
concerning the receipt of state grant funds for the construction of the Minnesota Bio Business
Center.
BE IT FURTHER RESOLVED that the City authorize its staff to submit offers to Mayo and
Sunstone for acquisition of the Minnesota Bio Business Center site with a six-month period to
determine if a closing will occur based on contingencies such as lease discussions with Mayo.
BE IT FURTHER RESOLVED that the City authorize funding from the Parking Enterprise
Fund for site acquisition costs and a future transfer or lease of the site to the Economic
Development Authority for the construction of the Minnesota Bio Business Center.
The Mayor and the City Clerk are authorized and directed to execute this agreement on
behalf of the City.
• PASSED AND ADOPTED BY THE COMMON COUNCIL OF THE CITY OF
ROCHESTER, MINNESOTA, THIS lb-- OF - , 2006.
PRESIDENT OF SAID COMMON COUNCIL
ATTEST: �U
Fu CITY LE
APPROVED THIS dDfYA DAY OF , 2006.
MAYOR OF SAID CITY
(Seal..of the City of
Rochester, Minnesota)
Res05\Execute.Agr77
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