BY COUNCILOR STAUBER:
RESOLVED, that the city council of the city of Duluth does hereby approve the development agreement on file in the office of the city clerk as Public Document No. _____________, between the Duluth economic development authority (DEDA) and A&L Duluth Renaissance, LLC, (developer) for the Old Historic District renaissance project.
STATEMENT OF PURPOSE: The purpose of this resolution is to obtain the city council’s approval of the development agreement between DEDA and developer for the Old Historic District renaissance project as is required pursuant to the business subsidy law, Minnesota Statute Section 116J.994 Subd. 3(d).