HomeMy WebLinkAbout6.A. Public Hearing for Issuance of Solid Waste Revenue Bonds for Recovery Technology Solutions Shakopee (RTS), LLC � Public Hearings (. A.
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TO: Mayor and City Council
Mark McNeill, City Administrator
FROM: Samantha DiMaggio, Economic Development Coordinator
DATE: 09/03/2013
SUBJECT: Public Hearing for Issuance of Solid Waste Revenue Bonds for Recovery Technology
Solutions Shakopee (RTS), LLC (F)
Action Sought
To open and continue the Public Hearing for Recovery Technology Solutions Shakopee, LLC.
This relates to the issuance of Solid Waste Revenue Bonds by the City on behalf of RTS.
Background
A public hearing to consider the issuance of Solid Waste Revenue Bonds to Recovery Technology
Solutions Shakopee, LLC was originally scheduled for September 3, 2013. The company is now
requesting that the public hearing be opened and continued until October 1, 2013 which will
allow them additional time to finalize the terms and structure of the bonds, and the bond
documents.
Recommendation
Staff is recommending that the Public Hearing be opened, and be continued until October 1, 2013.
Budget Impact
No impact.
Relationship to Vision
This is a housekeeping item (F).
Requested Action
The City Council is asked to open the Public Hearing, and continue it until October 1, 2013.
Attachments: