HomeMy WebLinkAboutItem 06.iJuly 18, 2016 Item No.________
RESOLUTION IN SUPPORT OF A MINNESOTA INVESTMENT FUND PROGRAM
APPLICATION
Proposed Action
Staff recommends adoption of the following motion: Move to approve Resolution In Support of
a Minnesota Investment Fund Program Application.
Overview
Hearthside Food Solutions (formerly Ryt-Way Industries), a contract food packaging company
located in the Airlake Industrial Park, is planning an investment of $13.6M at their Lakeville
facility to accommodate a growth opportunity, which would require the purchase and
installation of new processing lines.
The Lakeville Housing and Redevelopment Authority (HRA) held a public hearing and
unanimously approved the proposed Minnesota Investment Fund application on behalf of
Hearthside Food Solutions. Recently staff from the Minnesota Department of Employment and
Economic Development (DEED) informed City staff that pursuant to Minnesota Statute
116J.8731, the governing body of the municipality (City Council) approve by resolution, the
application from the development authority (HRA).
Even though the City Council and the HRA are represented by the same individuals in Lakeville,
they are separate entities and may be comprised of different individuals in other communities
which is why the State requires the City Council approve by resolution its support for the project.
Supporting Information
• Resolution In Support of a Minnesota Investment Fund Program Application
Financial Impact: $ Budgeted: Y☐ N☒ Source:
Related Documents: (CIP, ERP, etc.):
Envision Lakeville Community Values: Diversified Economic Development
Report Completed by: David Olson, Community & Economic Development Director
450,000 DEED
CITY OF LAKEVILLE
DAKOTA COUNTY, MINNESOTA
RESOLUTION NO._________
RESOLUTION IN SUPPORT OF A
MINNESOTA INVESTMENT FUND PROGRAM APPLICATION
WHEREAS, the City of Lakeville, Minnesota (the “City”), desires to assist
Hearthside Food Solutions, LLC which is proposing an investment in the City;
and,
WHEREAS, the City of Lakeville understands that Hearthside Food Solutions,
LLC through and with the support of the City of Lakeville HRA wishes to apply or
has applied to the Minnesota Department of Employment and Economic
Development’s Minnesota Investment Fund Program for project financing; and,
WHEREAS, the City of Lakeville HRA held a meeting on June 6, 2016 to
consider this matter;
NOW, THEREFORE, BE IT RESOLVED that, after due consideration, the Mayor
and City Council of the City of Lakeville, Minnesota, hereby express their
approval of the Minnesota Investment Fund application from the City of Lakeville
HRA to assist with this project.
DATED this 18th day of July, 2016
CITY OF LAKEVILLE
___________________________
Matt Little, Mayor
ATTEST:
_____________________________
Charlene Friedges, City Clerk
STATE OF MINNESOTA )
(
CITY OF LAKEVILLE )
I hereby certify that the foregoing Resolution No. _________ is a true and correct copy
of the resolution presented to and adopted by the City Council of the City of Lakeville at
a duly authorized meeting thereof held on the _____ day of ________, 2016, as shown
by the minutes of said meeting in my possession.
__________________________
Charlene Friedges, City Clerk
(SEAL)