01-0864R

RESOLUTION APPROVING DEDA'S REIMBURSEMENT TO THE CITY OF DULUTH PURSUANT TO DEDA RESOLUTION 01D-54.

BY COUNCILOR STENBERG:

        RESOLVED, that pursuant to Resolution No. 99-0239, the reimbursement by Duluth economic development authority (DEDA) to the city of Duluth in the amount of $50,000, as approved by the DEDA board at its meeting of November 27, 2001, pursuant to DEDA Resolution No. 01D-54, a copy of which is on file in the office of the city clerk as Public Document No. ____, is hereby approved.



STATEMENT OF PURPOSE:  The purpose of this resolution is to approve the reimbursement by DEDA to the city of Duluth for financial support relating to relocation of Sinex Aviation Technologies into the Duluth Technology Village Facility pursuant to the requirements of Resolution 99-0239.