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Project buformation Cross-Tech plans on purchasing land in Dean Eggena's privately developed Business Park and expanding to meet the needs of their growing business. Cross-Tech will be constructing a 24,000 square foot building and purchasing new equipment. As a result of this expansion,Cross-Tech will increase their current employee base of 16 full- time to 21 full-time with the potential for more into the future. The capital investment for this project, along with the job creation potential, is of great benefit to the local communities. However,because the manufacturing climate has been vulnerable due to economic variables in the past several years especially for those manufacturers wishing to make large capital investments in projects, Cross-Tech Manufacturing is requesting JOB Zone benefits to assist with their proposed project. Job Creatiotu Inforunation Cross-Tech Manufacturing is estimating a minimum of 5 jobs will be created as a result of this expansion within the first two years of operation at their new facility.The starting wage will be $12.50 per hour plus benefits which equals on average about$5.00 per hour.Employees will have health and paid vacation benefits. All positions in the JOB Zone designated area will pay $11.21 per hour or more as required by the State of Minnesota JOB Zone program (wage and non-mandated benefits). Business Subsidy Requirements According to state law, communities who desire to provide business assistance,including JOB Zone benefits,need to comply with the business subsidy law, hold a public hearing for the individual project(in most circumstances) and enter into a business subsidy agreement with the business receiving assistance. Relocation Agreement Cross-Tech Manufacturing is relocating from the City's current business park and is required to enter into a relocation agreement with the Department of Employment and Economic Development(DEED). JOB Zone ProcesslJOB Zone Modification/Call for Public Hearing The land proposed for this project was not part of the original JOB Zone application submitted by Region 5;therefore a JOB Zone modification is required. This process is outlined in the timeline. A resolution to support the modification is needed by the City of Crosslake,City of Pequot Lakes,Crow Wing County, and School District#186. If the City Council agrees with this request, BLADC asks that the City of Crosslake take action to adopt the modification resolution. Presentations would then be made to the City of Pequot `.. Lakes EDC and Council Members, Crow Wing County Commissioners,and School District#186 Board Members.The following is the proposed process: