04-0163R

RESOLUTION APPROVING DEDA RESOLUTION 04D-26 COMMITTING TO PROVIDE LOCAL MATCH TO CITY FOR $1 MILLION GREATER MINNESOTA BUSINESS DEVELOPMENT PUBLIC INFRASTRUCTURE GRANT FOR SMDC PROJECT.

BY COUNCILOR GILBERT:

RESOLVED, that pursuant to the requirements of Resolution Nos. 99-0239 and 02-0606, the Duluth economic development authority's (DEDA) commitment to provide local match to the city of Duluth for $1 million greater Minnesota business development public infrastructure grant for SMDC project approved at its meeting of February 17, 2004, pursuant to DEDA Resolution No. 04D-26, 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 action of the DEDA board of commissioners pursuant to its Resolution 04D-26 as is required by Resolution Nos. 99-0239 and 02-0606.

The nature and purpose of the commitment together with the amount to be paid are set forth in DEDA Resolution No. 04D-26 and its statement of purpose.