HomeMy WebLinkAbout6.B. Minnesota Investment Fund Application for Compass Datacenter, LLC Public Hearings
6. B.
SHAKOPEE
TO: Mayor and City Council
Mark McNeill, City Administrator
FROM: Samantha DiMaggio, Economic Development Coordinator
DATE: 06/18/2013
SUBJECT: Minnesota Investment Fund Application for Compass Datacenter, LLC (F)
Action Sought
To open and continue a public hearing for Compass Datacenter, LLC., regarding their Minnesota Investment Fund
Application.
Background
At the June 18, 2013 meeting, the City Council will open a public hearing for actions related to the Minnesota
Investment Fund Program application for Compass Datacenter, LLC.
At the May 21, 2013 meeting, the Council called for a public hearing to consider a Minnesota Investment Fund
application for Compass Datacenter, LLC. Compass has requested the City apply for a Minnesota Investment Fund
(MIF) grant from the Department of Employment and Economic Development (DEED) on their behalf, and from
the Business Development Public Infrastructure Program (BDPI). At the May 21st City Council meeting,
the Council called for the required Public Hearing to consider both the MIF and BDPI grants, for 7 PM on June 18th.
At this time, however, there are still some unanswered questions on eligible expenditures, amount of qualifying
grants, and for which DEED programs Compass will qualify. As a result, staff is not ready to make a presentation
at this time. Therefore, we recommend that the Public Hearing be opened, and continued to July 16, 2013.
Recommendation
I recommend the Public Hearing be opened, and continued to Tuesday, July 16, 2013, without taking other action.
Budget Impact
There is no budget impact on the City.
Relationship to Vision
This supports Goal "F ", "Housekeeping ".
Requested Action
The City Council should open the Public Hearing, and continue the Public Hearing for Compass Datacenter's
Minnesota Investment Fund Application to Tuesday, July 16, 2013, at 7:OOpm.
Attachments: