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90-016 RES _ . w - ;.~ ~.~J~. . A RESOLUTION OF THE CITY OF ELK RIVER Sponsoring Unit of Government Resolution RESOLUTION 90-16 WHEREAS; pursuant to the provisions and requirements of the 1987 Rural and Economic Development Act the local governing unit is required to issue a Sponsoring Resolution on behalf of businesses requesting financing through the Central Minnesota Initiative Fund's partnership with the State of Minnesota's Challenge Grant Program and: WHEREAS; this body has received a request to issue a resolution on behalf of MARKETECH , and: WHEREAS; it is consistent with the purpose of this local governing unit to encourage employment, enhance the tax base, and create more opportunity for its residents. RESOLVED; that this local governing unit supports the project submitted by Marketech to the Central Minnesota Initiative Fund's partnership with the State of . Minnesota's Challenge Grant Program. Minutes of the Meeting of this Local Governing Unit adopting this resolution are attached hereto and made a part hereof. WITNESS: (hu2 < ~. '-1'J..P 14-' e ~l0<" ity Clerk _ j-nl-U Mayor April 16, 1990 Date April 16, 1990 Date .