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2017-46 • CITY OF CHANHASSEN CARVER AND HENNEPIN COUNTIES,MINNESOTA DATE: July 10,2017 RESOLUTION NO: 2017-46 MOTION BY: Ryan SECONDED BY: McDonald RESOLUTION REGARDING THE SUPPORT OF A JOB CREATION FUND APPLICATION IN CONNECTION WITH ROSEMOUNT,INC., A SUBSIDIARY OF EMERSON ELECTRIC COMPANY WHEREAS, the City of Chanhassen, Minnesota (the "City"), desires to assist Rosemount, Inc., a subsidiary of Emerson Electric Co., a manufacturer of precision measurement and analytical equipment for industrial applications, which is proposing to expand current business operations in the City; and WHEREAS,the City of Chanhassen understands that Rosemount, Inc., 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 Chanhassen held a city council meeting on July 10, 2017, to • consider this matter. NOW THEREFORE, BE IT RESOLVED that the City Council of the City of Chanhassen, Minnesota hereby express their approval of the project proposed by Rosemount, Inc. and its application for an award and/or rebate from the Job Creation Fund Program. Passed and adopted by the Chanhassen City Council this 10''day of July, 2017. ATTEST: odd Gerhardt, City Manager Denny Lauf nburger, Mayor YES NO ABSENT Laufenburger None None McDonald Ryan Tjornhom Campion 1