HomeMy WebLinkAboutResolution No. 512-03 n�� --.: zr d•u t ��� { q ''- - a t �. ..3 S 1 �Y -A,��r 'v"'„k,w , F ✓�t - fF ti �.Ra '�t
RESOLUTION
WHEREAS, the Minnesota Legislature found in Minnesota Session Laws 2003, 1st
Special Session, Chapter 21, Article 2, as a matter of public policy, that biotechnology and the
health sciences hold immense promise in improving the quality of our lives, including curing
diseases, making our foods safer and more abundant, reducing our dependence on fossil fuels
and foreign oil, making better use of Minnesota agriculture products, and growing tens of
thousands of new, high paying jobs; and,
WHEREAS, the Minnesota Legislature further found that there are hundreds of
discoveries made each year at the University of Minnesota, the Mayo Clinic and other research
institutions that, if properly commercialized, could help provide these benefits;.and,
WHEREAS, the BioScience Program created in Minnesota Session Laws 2003, 1st
Special Session, Chapter 21, Article 2 allows for the formation of a BioScience Zone; and,
WHEREAS, an application for a BioScience zone designation in the City of Rochester is
being prepared for submission to the Minnesota Department of Employment and Economic
Development by the City of Rochester; and
• WHEREAS, the City of Rochester chooses to support Rochester's efforts to grow and
diversify its economy.
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of
Rochester, Minnesota, at its meeting held on the Sixth day of October, 2003, and upon careful
consideration and review, that the City approves the specific areas designated ih the application
for BioScience Zones, will consider the use of local exemptions on a case by case basis, and tax
credits within the designated zones and encourages the Minnesota Department of Employment
and Economic Development to approve the BioScience Zone application being submitted by the
City of Rochester.
BE IT FURTHER RESOLVED that the City agrees to consider all of the local tax
exemptions on a case by case basis, and credits required and provided for under the BioScience
Zone Legislation and agrees to forego the tax benefits resulting from the case by case approved
local tax exemptions and state tax exemptions and credits provided under the BioScience Zone
Legislation.
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PASSED AND ADOPTED BY THE COMMON COUNCIL OF THE CITY OF
ROCHESTER, MINNESOTA, THIS &771 DAY OF DC.77)5EtZ- , 2003.
PR_SIDENT OF SAID COMMON COUNCIL
ATTEST:
CITY CLERK
APPROVED THIS 7tA DAY OF OC(D/5/ &z , 2003.
MAYOR OF SAID CITY
(Seal of the City of
Rochester, Minnesota)
Res2000\Reso[uSupport.B ioscienceZone
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