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Res 2018- 71 Support MN Innovation Loans for Entrepreneurs Application in Connection with POMA 22 LLCCITY OF MENDOTA HEIGHTS DAKOTA COUNTY, MINNESOTA RESOLUTION 2018-71 RESOLUTION REGARDING THE SUPPORT OF A MINNESOTA INNOVATION LOANS FOR ENTREPRENEURS APPLICATION IN CONNECTION WITH POMA 22, LLC WHEREAS, the City of Mendota Heights, Minnesota (the "City"), desires to support Poma 22, LLC, a local entrepreneurial business, which is proposing to further research and develop proprietary technology related to personal safety protection equipment at its business's headquarters located in the City; and WHEREAS, the City understands that Poma 22, LLC, with the support of the City, submitted an application to the Minnesota Department of Employment and Economic Development Minnesota Innovation Loans for Entrepreneurs Program for project financing; and, WHEREAS, the City of Mendota Heights, Minnesota held a City Council meeting on September 17, 2018, to consider this matter. NOW, THEREFORE, BE IT RESOLVED that, after due consideration, the Mayor and City Council of the City of Mendota Heights, Minnesota, hereby express their support of the application proposed by Poma 22, LLC for an award from the Minnesota Department of Employment and Economic Development through its Minnesota Innovation Loans for Entrepreneurs Program to assist with this project. Adopted by the City Council of the City of Mendota Heights this 17th day of September, 2018. CITY COUNCIL CITY OF MENDOTA HEIGHTS Neil Garlock, Mayor ATTEST: Lorri Smith, City Clerk Drafted by: City of Mendota Heights 1101 Victoria Curve Mendota Heights, MN 55118 Res 2018-71 page 2