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City of Pequot Lakes <br /> Resolution # 03124 <br /> WHEREAS, job creation, business development and individual wealth growth in Region 5, Minnesota <br /> have been less than the national and state averages; and, <br /> WHERAS, the resulting affects of such lagging job creation, business development and individual <br /> wealth growth have harmed and are forecasted to continue to harm the economy of Region 5; and, <br /> WHERAS, the Job Opportunity Building Zone (JOBZ) Program created in Minnesota Session Laws <br /> 2003, 1st Special session, Chapter 21, Article 1 allows for the formation of tax free zones; <br /> WHEREAS, an application for tax free zone designation in Region 5 is being prepared for submission <br /> to the Minnesota Department of Employment and Economic Development through Region 5; <br /> therefore' <br /> BE IT RESOLVED that the City Council for the City of Pequot Lakes, at it's meeting held on Tuesday, <br /> September 2, 2003, are in agreement to support Region 5 in it's application for a tax free zone. <br /> Signed this 2nd day of September, 2003. <br /> r <br /> By: -C.:thy Malecha, Mayor <br /> ATTEST: <br /> 0V <br /> Nancy Ca�� ta, Deputy Clerk <br /> R03124 <br />