HomeMy WebLinkAbout4.C. Authorization to acquire MnDOT parcels General Business 4. C.
SHAKOPEE
TO: Economic Development Authority
FROM: Samantha DiMaggio, Economic Development Coordinator
DATE: 02/17/2015
SUBJECT: Authorization to Acquire MnDOT Parcels
Background
On January 6, 2015, the City Council approved a motion to accept MnDOT's offer
letter (attached) on parcels as shown on the attached maps. The offer letter was
contingent on Planning Commission approval and Minnesota Pollution Control
Agency (MPCA) action.
The Planning Commission approval was granted on January 8, 2015 and MPCA
letters have been obtained; and are attached as well for your information.
The final offer letter and quit claim deeds are being reviewed by our city attorney's
office.
The purpose of this agenda item is for the EDA to approve the purchase of the
MnDOT parcels as the offer letter is to the EDA.
Action Sought
Adopt a motion authorizing the acquisition of MnDOT parcels as per their offer
letter for the payment of$926,670 with an inter-fund loan from the City's
Equipment Fund and authorizing the appropriate EDA officials to execute the
necessary documents to finalize the acquisition.