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RES 16-07CITY OF OTSEGO COUNTY OF WRIGHT STATE OF MINNESOTA RESOLUTION NO. 2016 - 07 RESOLUTION REGARDING THE SUPPORT OF A JOB CREATION FUND APPLICATION IN CONNECTION WITH WAGNER SPRAYTECH CORPIWAGNER HOLDING, INC. WHEREAS, the City of Otsego, Minnesota (the "City"), desires to assist Wagner SprayTech Corp., a painting and decorating product manufacturing company, which is proposing to construct a facility in the City; and, WHEREAS, the City of Otsego understands that Wagner SprayTech Corp. , through and with the support of the City, intends to submit to the Minnesota Department of Employment and Economic Development an application for an award and/or rebate from the Job Creation Fund Program; and, WHEREAS, the City of Otsego held a city council meeting on January 25, 2016, to consider this matter. NOW, THEREFORE, BE IT RESOLVED that, after due consideration, the Mayor and City Council of the City of Otsego, Minnesota, hereby express their approval of the project proposed by Wagner SprayTech Corp. and its application for an award and/or rebate fromtheJob Creation Fund Program. Sworn and Executed Under My Hand this 25th day of January 2016. IN FAVOR: STOCKAMP, HEIDNER, DARKENWALD, SCHROEDER OPPOSED: NONE CITYOF OTSEGO JeYsica Stockamp, Mayor ATTEST: J&*Y\A'---M*Pfl�- Tami Loff, City Clerk