HomeMy WebLinkAbout6.A Public Hearing for Issuance of Solid Waste revenue Bonds for Recovery Technology solutions Shakopee (RTS) LLC Public Hearings (. A.
SHAKOPEE
TO: Mayor and City Council
Mark McNeill, City Administrator
FROM: Samantha DiMaggio, Economic Development Coordinator
DATE: 12/17/2013
SUBJECT: Public Hearing for Issuance of Solid Waste Revenue Bonds for Recovery Technology
Solutions Shakopee (RTS), LLC (F)
Action Sought
To open and close the Public Hearing for Recovery Technology Solutions Shakopee, LLC. (RTS),
which was being held to consider the issuance of Solid Waste Revenue Bonds.
Background
A Public Hearing to consider the issuance of Solid Waste Revenue Bonds to Recovery
Technology Solutions Shakopee, LLC (RTS) was originally scheduled for December 17, 2013.
The company is now requesting that the Public Hearing be opened and closed without action.
The Company needs additional time to finalize the terms and structure of the bonds, and the bond
documents. RTS will re-advertise for the Public Hearing when they are ready to proceed.
Recommendation
Staff is recommending that the Public Hearing be opened and closed without action.
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 close it without action.
Attachments: