HomeMy WebLinkAboutResolution No. 442-07 ".7722
• RESOLUTION.
WHEREAS, the Job Opportunity Building Zone (JOBZ) Program, created in Minnesota
Session Laws 2003, 1st Special Session, Chapter 21, Article 1, allows for the formation of tax
free zones; and,
WHEREAS, the City of Rochester Common Council, the Olmsted County Board of
Commissioner and the School Board of ISD 535 have previously approved resolutions
supportive of the creation of JOBZ zone upon certain lands within the City of Rochester; and,
WHEREAS, the City has been working with Hylas, Inc., to facilitate its new business in
Rochester upon the property located at 2900 43rd Street N.W. Hylas, Inc., is in the business of
developing medical products including monitoring devices that utilize wireless technology as
an active monitoring system.
NOW, THEREFORE, BE IT RESOLVED by the City of Rochester Common Council that
the City approve a JOBZ Business Subsidy Agreement with Hylas, Inc.
The Mayor and 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 U-'dO D OF 2007.
PRESIDENT OF SAID COMMON COUNCIL
ATTEST:
TITY CLERK
APPROVED THIS bq)4 DAY OF 2007.
MAYOR OF SAID CITY
(Seal of the City of
Rochester, Minnesota)
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