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HomeMy WebLinkAbout6.B. Public Hearing for Compass Datacenter, LLC Public Hearings 6. B. SHAKOP EE TO: Mayor and City Council Mark McNeill, City Administrator FROM: Samantha DiMaggio, Economic Development Coordinator DATE: 07/16/2013 SUBJECT: Public Hearing for Compass Datacenter, LLC (F) Action Sought To open and continue the Public Hearing for Compass Datacenter, LLC., which is being held to consider a Minnesota Investment Fund Application. Background A public hearing to consider a Minnesota Investment Fund application for Compass Datacenter, LLC was originally scheduled for June 18, 2013. At that time, the hearing was continued to July 16. Staff is now requesting that Council re -open and continue the hearing again to August 7, 2013. The continuation is being requested because Compass is still determining their exact financing needs. Recommendation Staff is recommending that the Public Hearing be opened and continued until August 7, 2013. Budget Impact There is no budget impact on the City. Relationship to Vision This is a housekeeping item (F). Requested Action The City Council is asked to re - open the Public Hearing and continue it until August 7, 2013. Attachments: