Title
RESOLUTION APPROVING BUSINESS INCENTIVE AGREEMENT FOR MURRAY FARMS, INC.
Body
Summary and Background Information:
In 2008 Murray Farms was annexed into the City. Murray Farms requested a business incentive agreement to allow Murray Farms to continue operating as a agricultural product producing enterprise
Staff Responsible (Department Head): Roger Tinklenberg
Staff Member Presenting: Roger Tinklenberg
Financial Impact:
This agreement does result in reduced revenues to the City. The reduction in tax revenue is unknown because Murray Farms has not been audited by the City's tax auditors.
Funding Source: NA
Suggested Motion: Approval of resolution approving the incentive agreement.