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� <br />� <br />� <br />City of <br />Pe uot <br />q <br />Lakes i . <br />AGENDA ITEM #5.1. <br />REPORT TO <br />CITY COUNCIL <br />Date: February 1, 2011 <br />Subiect: Business Subsidy Public Hearing <br />Report: A public hearing will be held to hear comments <br />on the City's revised Business Subsidy Policy. The <br />attached policy has been reviewed by the EDC, Planning <br />Commission, Springsted, Briggs and Morgan, and the City <br />Council. During the City Council review it was suggested <br />that a sentence be added to require Council review of all <br />developer agreements. This has been added to the policy <br />under Item G.S. <br />Following the public hearing, the Council will be requested <br />to adopt the Business Subsidy Policy and the JOBZ policy <br />addendum. Once this policy is approved by Council it will <br />be filed with the Department of Employment and Economic <br />Development. <br />Council Action Requested: Council motion adopting the <br />attached resolution approving the Business Subsidy Policy <br />and the JOBZ addendum. <br />