Title
RESOLUTION AUTHORIZING A TAX ABATEMENT WITH CIRRUS DESIGN CORP. FOR THE REDEVELOPMENT OF THE FORMER MRO FACILITY AT 4600 STEBNER ROAD
Body
CITY PROPOSAL:
BE IT RESOLVED, by the City Council (the "City Council") of the city of Duluth, St. Louis County, Minnesota (the "City"), as follows:
Section 1. Purpose and Authorization.
1.01 The City, pursuant to the provisions of Minnesota Statutes, Sections 469.1812 to 469.1815, as amended (the "Act"), is authorized to grant an abatement of a portion of the property taxes imposed by the City on a parcel of property (the "MRO Property"), which property is identified by the list of parcel identification numbers from the St. Louis County Auditor shown on Exhibit A upon which is located the MRO facility owned by the Duluth Economic Development Authority, through the adoption of a resolution approving an abatement agreement specifying the terms of the abatement if certain conditions are met.
1.02 Cirrus Aircraft proposes to lease and redevelop the MRO building located on the MRO Property at 4600 Stebner Road in Duluth, Minnesota and to redevelop the site to expand their manufacturing operations (the "Project").
1.03 Pursuant to the Act, on the date hereof, the City Council conducted a public hearing on the desirability of granting an abatement of property taxes on the MRO Property, which abatement is expected to be benefitted the City as hereinafter set forth.
1.04 Notice of the public hearing was duly published as required by law in the Duluth News Tribune, the official newspaper of the City, on February 26th, 2022, which date is no fewer than 10 and no more than 30 days prior to the date hereof.
Section 2. Findings. On the basis of the information compiled by the City and elicited at the public hearing referred to in Section 1.04, it is hereby found, determined and declared:
2.01 The Project is in the public interest because it will increase and preserve tax base in the City, create at least 80 new ...
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