HomeMy WebLinkAboutOfficial Act No. OA088-25 - Official Act - Rochester Area Economic Development, Inc. Loan Approval and Business Agreement for TAM Technologies, Inc
OFFICIAL ACT
The Common Council of the City of Rochester, Minnesota hereby:
1. Adopts the recommendation of the Rochester Area Economic Development, Inc.
Board to provide a $150,000 loan to TAM Technologies Inc. from the Economic
Development Fund (EDF) and;
2. Authorizes execution of a Business Subsidy Agreement with TAM Technologies
Inc. establishing reporting and compliance requirements.
PASSED AND ADOPTED BY THE COMMON COUNCIL OF THE CITY OF
ROCHESTER, MINNESOTA, THIS __________ DAY OF _______________, 2025.
___________________________________
PRESIDENT OF SAID COMMON COUNCIL
ATTEST: __________________________
CITY CLERK
APPROVED THIS _____ DAY OF ______________________, 2025.
___________________________________
MAYOR OF SAID CITY
(Seal of the City of
Rochester, Minnesota)