01-0275R

RESOLUTION OF INTENT TO APPROVE THE CREATION OF A TAX INCREMENT FINANCING DISTRICT.

BY COUNCILOR STENBERG:

        BE IT RESOLVED, that the city council of the city of Duluth hereby expresses its intent to approve the creation by the Duluth economic development authority of a tax increment financing district to be located in the plat of Airport Division, St. Louis County, MN.



STATEMENT OF PURPOSE:  The purpose of this resolution is to indicate the city council's intent to approve a tax increment financing district to enable the construction of a manufacturing incubator facility in support of expanded production operations by Cirrus Industries, Inc., on city land at the Duluth airport. This project will result in the creation of 350 new manufacturing jobs at Cirrus.