HomeMy WebLinkAbout06-157 CITY OF LAKEVILLE
RESOLUTION NO. 06-157
RESOLUTION GRANTING APPROVAL
FOR THE SUBMITTAL OF A BIOSCIENCE ZONE APPLICATION TO THE
MINNESOTA DEPARTMENT EMPLOYMENT AND ECONOMIC DEVELOPMENT
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 Minnesota Session Laws 2006 Regular
Session Chapter 276 (S. F. No. 3260) granted to the Minnesota Department of
Employment and Economic Development the authority, in collaboration with the
Minnesota Department of Revenue and the Office of Strategic and Long Range
Planning, to designate one or more Biotechnology and Health Sciences Industry Zones;
and
WHEREAS, the 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 benel=lts;
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 Bioscience zone designation in the City of
Lakeville is being prepared for submission to the Minnesota Department of Employment
and Economic Development; and
NOW, THEREFORE BE IT RESOLVED that the City of Lakeville, at its meeting
held on 2"d day of October 2006, upon careful consideration and review, approves the
specific areas proposed in the application for a Bioscience zone, approves of the use of
tax exemptions and. tax credits within the proposed zone (subject to proper review and
approval by the other appropriate taxing authorities within the zones), and encourages the
Minnesota Department of Employment and Economic Development to approve the
Bioscience Zone Application being submitted by the City of Rosemount as applicant with
the Dakota County CDA as zone administrator; and
NOW, THEREFORE BE IT FURTHER RESOLVED that City of Lakeville agrees to
provide all of the local sales and use tax exemptions provided for under the Bioscience
Zone
:DATED this 2nd day of October 2006.
CITY OF LAKEVILLE
c
Robert D. Jo son, Mayor
ATTEST:.
~
Charlene Friedges Clerk