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HomeMy WebLinkAboutApril 05, 2022 - EDA Packet Shakopee Economic Development Authority April 5, 2022 SHAKOPEE 7:00 PM City Hall, 485 Gorman St. 1. Roll Call 2. Approval of Agenda 3. Consent Business 3.A. EDA Minutes 3.B. Second Amendment to Tax Increment Pledge Agreement 4. General Business 4.A. Acquiring Master Lease Agreement for River City Center 4.B. September Innovation Weekend 5. Reports 5.A. EDA Bill List 6. Adjourn to Tuesday, May 3, 2022 at 7:00 pm Note to EDA Members: If you haw any questions or need additional information on any of the above items,please call Michael Kerski,prior to the meeting at(952)233-9346. Page 1 of 21 3.A. PillikAl SHAKOPE E Shakopee Economic Development Authority April 5, 2022 FROM: Lori J. Hensen, City Clerk TO: President and Commission Members Subject: EDA minutes of March 1, 2022. Policy/Action Requested: Approve the minutes from March 1, 2022. Recommendation: Approve the minutes from March 1, 2022. Discussion: Budget Impact: ATTACHMENTS: o March 1, 2022 Page 2 of 21 Shakopee Economic Development Authority Pilall MINUTES March 1, 2022 SHAKOPEE 7:00 PM City Hall, 485 Gorman St. 1. Roll Call Present: President Jody Brennan, Commissioners Bill Mars, Jay Whiting, Angelica Contreras Absent: Councilmember Matt Lehman Staff Present: City Administrator Bill Reynolds, City Attorney Jim Thomson, Finance Director Nate Reinhardt, City Engineer/Public Works Director Steve Lillehaug, Planning/Development Director Michael Kerski, City Clerk Lori Hensen 2. Approval of Agenda Commissioner Jay Whiting made a motion to approve the agenda, seconded by Commissioner Angelica Contreras and the motion passed. 4 - 0 3. Consent Business Commissioner William Mars made a motion to approve the consent agenda, seconded by Commissioner Angelica Contreras and the motion passed. 4 - 0 3.A. EDA Minutes Approve the minutes from February 2, 2022 3.B. Tax Increment Spending Plan Adopt Resolution E2022-004 approving a spending plan for certain tax increment financing districts located in the City of Shakopee 4. General Business 4.A. Amendment to Contract with Shakopee Chamber Commissioner William Mars made a motion to approve amended contract with the Shakopee Chamber of Commerce to now include event requirements and sponsorship Page 3 of 21 and maintain financial support at $25,000 per city fiscal year, seconded by Commissioner Angelica Contreras and the motion passed. 4 - 0 5. Reports 5.A. EDA Bill List Informational only 6. Adjourn to Tuesday, April 5, 2022 at 7:00 pm Commissioner William Mars made a motion to adjourn to Tuesday, April 5, 2022 at 7:00 pm, seconded by Commissioner Jay Whiting and the motion passed4 - 0 Page 2of21 3.B. SHAKOPE E Shakopee Economic Development Authority April 5, 2022 FROM: Nate Reinhardt, Finance Director TO: President and Commission Members Subject: Second Amendment to Tax Increment Pledge Agreement for TIF District No. 18. Policy/Action Requested: Adopt Resolution No. E2022-005, authorizing execution of a second amendment to tax increment pledge agreement with the City of Shakopee relating to General Obligation Tax Increment Revenue Bonds. Recommendation: Adopt Resolution No. E2022-005. Discussion: In order for the tax increment generated from TIF District No. 18 (Canterbury) to be utilized by the City for the principal and interest payments on the G.O. Tax Increment Bonds, the EDA needs to formally pledge the increment to the city. The pledge agreement stipulates specifically what the city and the EDA mutually agree to. For example, the city is agreeing to issue and utilize the bonds for a specific purpose and the EDA is agreeing to pledge 90 percent of the increment received for principal and interest payments on the G.O Tax Increment Revenue Bonds. The original agreement was entered into on October 17, 2019, and related to the payments on G.O. Tax Increment Bonds, Series 2019A. The original principal amount of$4,200,000 were used for 12th Avenue public improvements. The first amendment dated June 2, 2020 pledged tax increment revenues for G.O. Tax Increment Bonds, Series 2020A. The original principal amount of$8,165,000 was used for Unbridled Avenue public improvements. The second amendment pledges tax increment revenues for G.O. Tax Increment Bonds, Series 2022A. The bond sale is scheduled for April 19, 2022. The original principal amount Page 5 of 21 of$5,910,000 will be used primarily for County Highway 83 improvements. Budget Impact: Funded through tax increment revenues. ATTACHMENTS: o Resolution E2022-005 Pledge Agreement o Pledge Agreement with 2nd Amendment Page 6 of 21 ECONOMIC DEVELOPMENT AUTHORITY FOR THE CITY OF SHAKOPEE,MINNESOTA RESOLUTION NO. E2022-005 RESOLUTION AUTHORIZING EXECUTION OF A SECOND AMENDMENT TO TAX INCREMENT PLEDGE AGREEMENT WITH THE CITY OF SHAKOPEE RELATING TO GENERAL OBLIGATION TAX INCREMENT REVENUE BONDS WHEREAS, the City of Shakopee, Minnesota (the "City") has established and the Economic Development Authority for the City of Shakopee, Minnesota(the "Authority") administers Tax Increment Financing(Redevelopment) District No. 18 (the"TIF District") within the Minnesota River Valley Housing and Redevelopment Project No. 1 (the "Redevelopment Project"), pursuant to Minnesota Statutes, Sections 469.174 through 469.1794, as amended (the "TIF Act"), and the Authority and the City have approved a Tax Increment Financing Plan for the TIF District; and WHEREAS, the City, the Authority, Canterbury Development LLC, a Minnesota limited liability company ("Canterbury Development"), and Canterbury Park Holding Corporation, a Minnesota corporation and parent company of Canterbury Development ("Canterbury Park Holding Corporation," and together with Canterbury Development, the "Master Developer"), have entered into a Contract for Private Redevelopment, dated August 8, 2018, as amended by the First Amendment to Contract for Private Redevelopment, dated September 7, 2021 (as amended and as may be further amended, the "TIF Contract"), pursuant to which the Master Developer agreed to undertake infrastructure improvements within the Redevelopment Project as part of the redevelopment of the property located in the TIF District for housing, commercial/retail, hospitality and destination entertainment, and office space purposes as part of a multi-phased project in the City, and the City agreed to undertake certain public improvements and infrastructure projects in connection therewith;and WHEREAS, pursuant to the authority conferred by Section 469.178 of the TIF Act and Minnesota Statutes, Chapter 475, as amended (collectively, the "Act"), on October 17, 2019, the City issued its General Obligation Tax Increment Revenue Bonds, Series 2019A (the "Series 2019A Bonds"), in the original aggregate principal amount of$4,200,000, to reimburse certain public redevelopment costs incurred by the City in the Redevelopment Project related to public improvements made to 12`h Avenue in the City and to pay the costs of issuance of the Series 2019A Bonds; and WHEREAS, the City and the Authority entered into a Tax Increment Pledge Agreement, dated October 17, 2019 (the "Original Pledge Agreement"), relating to the payment of principal of and interest on the Series 2019A Bonds and providing for the pledge of tax increment revenues generated from the TIF District to secure the payment of principal of, premium, if any, and interest on the Series 2019A Bonds; and WHEREAS, pursuant to the Act, on July 2, 2020, the City issued its General Obligation Tax Increment Revenue Bonds, Series 2020A (the "Series 2020A Bonds"), in the original aggregate principal amount of $8,165,000, to reimburse additional public redevelopment costs incurred by the City in the Redevelopment Project, including public improvements to Unbridled Avenue in the City, and to pay costs of issuing the Series 2020A Bonds; and WHEREAS, the City and the Authority entered into a First Amendment to Tax Increment Pledge Agreement, dated July 2, 2020 (the "First Amendment to Pledge Agreement"), which amended the Page 7 of 21 Original Pledge Agreement, relating to the payment of principal of and interest on the Series 2020A Bonds and providing for the pledge of tax increment revenues generated from the TIF District to secure the payment of principal of, premium, if any, and interest on the Series 2020A Bonds; and WHEREAS, the City intends to finance and reimburse additional public redevelopment costs, including the projects that are reimbursable with tax increment from the TIF District and described in Exhibit C attached to the TIF Contract, and has proposed to issue additional general obligation tax increment revenue bonds pursuant to the Act in the proposed principal amount of $5,910,000 (the "Series 2022A TIF Bonds"), which will be part of the City's General Obligation Bonds, Series 2022A; and WHEREAS, there has been presented to the Board of Commissioners of the Authority (the "Board") a Second Amendment to Tax Increment Pledge Agreement (the "Second Amendment to Pledge Agreement") between the Authority and the City, which amends the Original Pledge Agreement, as amended by the First Amendment to Pledge Agreement, relating to the payment of principal of and interest on the Series 2022A TIF Bonds and providing for the pledge of tax increment revenues generated from the TIF District to secure the payment of principal of, premium, if any, and interest on the Series 2022A TIF Bonds; NOW, THEREFORE, BE IT RESOLVED by the Board of Commissioners of the Economic Development Authority for the City of Shakopee, Minnesota that: 1. The Board hereby approves the pledge of tax increment revenues attributable to the TIF District to the City for the payment of principal of, premium, if any, and interest on the Series 2022A TIF Bonds. 2. The President and Executive Director of the Authority are hereby authorized to execute and deliver the Second Amendment to Pledge Agreement substantially in the form on file with the Board, providing for the pledge of tax increment derived from property in the TIF District for the payment of the principal of,premium, if any, and interest on the Series 2022A TIF Bonds. 3. The electronic signature of the President and/or the Executive Director to this resolution and to the Second Amendment to Pledge Agreement shall be as valid as an original signature of such party and shall be effective to bind the Authority thereto. For purposes hereof, (i) "electronic signature" means a manually signed original signature that is then transmitted by electronic means; and (ii)"transmitted by electronic means" means sent in the form of a facsimile or sent via the internet as a portable document format ("pdf') or other replicating image attached to an electronic mail or internet message. 4. This resolution shall be effective as of the date hereof. Sworn and Executed Under My Hand this 5th day of April,2022. President Executive Director SH 155-489(JAE) 783130v1 2 Page 8 of 21 SECOND AMENDMENT TO TAX INCREMENT PLEDGE AGREEMENT between CITY OF SHAKOPEE, MINNESOTA and ECONOMIC DEVELOPMENT AUTHORITY FOR THE CITY OF SHAKOPEE, MINNESOTA THIS SECOND AMENDMENT TO TAX INCREMENT PLEDGE AGREEMENT is made and entered into on or as of the 19th day of May, 2022 (the"Second Amendment to Agreement"), between the City of Shakopee, Minnesota (the "City") and the Economic Development Authority for the City of Shakopee, Minnesota (the "Authority"), and amends the Tax Increment Pledge Agreement, dated October 17, 2019 (the "Original Agreement"), between the City and the Authority, as amended by the First Amendment to Tax Increment Pledge Agreement, dated July 2, 2020 (the "First Amendment to Agreement"), between the City and the Authority. RECITALS WHEREAS, the City has established and the Authority administers Tax Increment Financing (Redevelopment) District No. 18 (the "TIF District") within the Minnesota River Valley Housing and Redevelopment Project No. 1 (the "Redevelopment Project"), pursuant to Minnesota Statutes, Sections 469.174 through 469.1794, as amended (the "TIF Act"), and the Authority and the City have approved a Tax Increment Financing Plan for the TIF District; and WHEREAS, the City, the Authority, Canterbury Development LLC, a Minnesota limited liability company ("Canterbury Development"), and Canterbury Park Holding Corporation, a Minnesota corporation and parent company of Canterbury Development ("Canterbury Park Holding Corporation," and together with Canterbury Development, the "Master Developer"), have entered into a Contract for Private Redevelopment, dated August 8, 2018, as amended by the First Amendment to Contract for Private Redevelopment, dated September 7, 2021 (as amended and as may be further amended, the "TIF Contract"), pursuant to which the Master Developer agreed to undertake infrastructure improvements within the Redevelopment Project as part of the redevelopment of the property located in the TIF District for housing, commercial/retail, hospitality and destination entertainment, and office space purposes as part of a multi-phased project in the City, and the City agreed to undertake certain public improvements and infrastructure projects in connection therewith;and WHEREAS, pursuant to the authority conferred by Section 469.178 of the TIF Act and Minnesota Statutes, Chapter 475, as amended (collectively, the "Act"), and a resolution adopted by the City Council of the City on September 17,2019 (the "Series 2019A Bond Resolution"), the City issued its General Obligation Tax Increment Revenue Bonds, Series 2019A (the "Series 2019A Bonds"), dated October 17, 2019, in the original aggregate principal amount of$4,220,000, to reimburse certain public redevelopment costs made to 12th Avenue in the City and to pay costs of issuing the Series 2019A Bonds; and WHEREAS, the City and the Authority entered into the Original Agreement, relating to the payment of principal of and interest on the Series 2019A Bonds and providing for the pledge of tax Page 9 of 21 increment revenues generated from the TIF District to secure the payment of principal of, premium, if any, and interest on the Series 2019A Bonds; and WHEREAS, pursuant to the authority conferred by the Act and a resolution adopted by the City Council of the City on June 2, 2020 (the "Series 2020A Bond Resolution"), the City issued its General Obligation Tax Increment Revenue Bonds, Series 2020A(the "Series 2020A Bonds"), dated July 2, 2020, in the original aggregate principal amount of$8,165,000, to reimburse additional public redevelopment costs incurred by the City in the Redevelopment Project, including public improvements to Unbridled Avenue in the City, and to pay costs of issuing the Series 2020A Bonds; and WHEREAS, the City and the Authority entered into a First Amendment to Tax Increment Pledge Agreement, dated July 2, 2020 (the "First Amendment to Pledge Agreement"), which amended the Original Pledge Agreement, relating to the payment of principal of and interest on the Series 2020A Bonds and providing for the pledge of tax increment revenues generated from the TIF District to secure the payment of principal of,premium, if any, and interest on the Series 2020A Bonds; and WHEREAS, pursuant to the authority conferred, in part, by the Act and a resolution adopted by the City Council of the City on April 19, 2022 (the "Series 2022A Bond Resolution"), the City will issue its General Obligation Bonds, Series 2022A (the "Series 2022A Bonds"), in the original aggregate principal amount of$10,000,000; and WHEREAS, a portion of the Series 2022A Bonds in the principal amount of $5,910,000 (the "Series 2022A TIF Bonds") will be used to finance and reimburse additional public redevelopment costs, including the projects that are reimbursable with tax increment from the TIF District and described in Exhibit C attached to the TIF Contract, and to pay the costs of issuance of the Series 2022A TIF Bonds (the"Additional Project Costs"); and WHEREAS, pursuant to a resolution adopted by the Board of Commissioners of the Authority (the "Board") on April 5, 2022, the Authority has agreed to pledge tax increment revenues attributable to the TIF District to the City to secure the payment of principal of, premium, if any, and interest on the Series 2022A TIF Bonds; and WHEREAS, pursuant to Section 469.178, subdivision 2 of the TIF Act, any agreement to pledge tax increment revenues must be made by written agreement by and between the Authority and the City and must be filed with the County Auditor of Scott County, Minnesota(the"County"). NOW, THEREFORE, the City and the Authority mutually agree to the following: (1) The City will issue the Series 2022A TIF Bonds in accordance with the Series 2022A Bond Resolution. (2) The proceeds from the sale of the Series 2022A TIF Bonds will be used to finance the Additional Project Costs. (3) The Authority hereby pledges ninety percent (90%) of the tax increment revenues generated by the property in the TIF District and received by the Authority (the "Pledged Tax Increments") to the payment of principal of and interest on the Series 2022A TIF Bonds, subject to the terms of the Original Agreement, as amended by the First Amendment to Agreement and this Second Amendment to Agreement. At least three (3) business days prior to each debt service payment date for the Series 2022A TIF Bonds, there shall be transferred from the account of the TIF District to the Debt Service Fund 2 Page 10 of 21 maintained by the City for the payment of the Series 2022A TIF Bonds, an amount of Available Tax Increment (as defined below), which when taken together with taxes levied for such purposes in accordance with the Series 2022A Bond Resolution, if any, and amounts to be deposited in the Debt Service Fund for the Series 2022A TIF Bonds, is equal to the principal of and interest on the Series 2022A TIF Bonds to become due on the subject payment date. Any Available Tax Increment in excess of one hundred five percent (105%) of the principal and interest due with respect to the Series 2022A TIF Bonds on any payment date may be retained by the Authority in the account for the TIF District and applied to any costs of the Redevelopment Project in accordance with law, including the payment of principal of, premium, if any, and interest on the Series 2019A Bonds pursuant to the Original Agreement, the payment of principal of, premium, if any, and interest on the Series 2020A Bonds pursuant to the Original Agreement, as amended by the First Amendment to Agreement, and the payment of principal of and interest on the interfund loans (the "Interfund Loans") approved by Resolution No. E2018-002, adopted on February 7, 2018, Resolution No. E2018-019, adopted on September 4, 2018, and Resolution No. E2022-002, adopted on January 4, 2022 (collectively, the "Interfund Loan Resolution"). (4) Without regard to anything in the Original Agreement, as amended by the First Amendment to Agreement and this Second Amendment to Agreement, to the contrary, Available Tax Increment may be pledged (at the Authority's option on a parity, superior or subordinate basis) to pay principal of and interest on the Series 2022A TIF Bonds and any other obligations issued by the City, including the payment of principal of, premium, if any, and interest on the Series 2019A Bonds pursuant to the Series 2019A Bond Resolution and the payment of principal of, premium, if any, and interest on the Series 2020A Bonds pursuant to the Series 2020A Bond Resolution, by the Authority, including the payment of principal of and interest on the Interfund Loans pursuant to the Interfund Loan Resolution, or by any other public body to finance public redevelopment costs paid or incurred by the Authority in the Redevelopment Project or any other pledge permitted by law. The Authority reserves the right to release all or any portion of Available Tax Increment from the pledge under the Original Agreement, as amended by the First Amendment to Agreement and this Second Amendment to Agreement (including without limitation the release of Available Tax Increment from any specific parcel within the TIF District) to the extent permitted by law, provided that in no event may the Authority reduce the pledge such that Available Tax Increment is reasonably expected to pay less than twenty percent (20%) of principal of and interest on the Series 2019A Bonds,the Series 2020A Bonds, and the Series 2022A TIF Bonds. (5) For purposes of the Original Agreement, as amended by the First Amendment to Agreement and this Second Amendment to Agreement, "Available Tax Increment" means, on each February 1 and August 1 (the "Payment Dates") during the term of the Series 2019A Bonds, the Series 2020A Bonds, and the Series 2022A TIF Bonds, ninety percent (90%) of the tax increment attributable to the property in the TIF District which is paid to the Authority by the County in the six(6) months preceding the Payment Date. (6) The Second Amendment to Agreement supplements any prior agreements between the City and the Authority with respect to pledges of Available Tax Increment, including but not limited to the Original Agreement and the First Amendment to Agreement. (7) An executed copy of this Second Amendment to Agreement shall be filed with the County Auditor of the County pursuant to Section 469.178, subdivision 2 of the TIF Act. 3 Page 11 of 21 IN WITNESS WHEREOF, the City and the Authority have caused this Second Amendment to Tax Increment Pledge Agreement to be duly executed on their behalf as of the date and year first written above. CITY OF SHAKOPEE, MINNESOTA By Its Mayor By Its City Administrator S-1 Page 12 of 21 Execution page of the Authority to the Second Amendment to Tax Increment Pledge Agreement, dated as of the date and year first written above. ECONOMIC DEVELOPMENT AUTHORITY FOR THE CITY OF SHAKOPEE, MINNESOTA By Its President By Its Executive Director SH155-489(JAE) 783500v 1 S-2 Page 13 of 21 4.A. SHAKOPEE Shakopee Economic Development Authority April 5, 2022 FROM: Michael Kerski, Planning/Development Director TO: President and Commission Members Subject: Acquisition of the Master Lease for the commercial portion of River City Centre. Policy/Action Requested: Discussion and direction to staff. Recommendation: Discussion: The EDA has been working for the past six years to assist the current Master Tenant, Shakopee River City Centre Associates LLC, in filling the commercial tenant spaces. RCC since its construction, has not been able to energize the northern side of First Avenue. The EDA's attorneys along with the Scott County's CDA have been working with the existing Master Tenant on a possible exit strategy. The Master Tenant is willing to make a financial settlement, and in turn, allow the EDA to take over the Master Tenancy. Under the current agreements, the Shakopee EDA becomes the landlord for the Master Tenant in 2025 and the Master Tenant has possession until 2035. The entire development, under current agreements, reverts to the EDA, which is currently the ground owner. This is a very complex project with multiple agreements and bonds. It is the goal of this unwinding to ensure that the property continues to be an important asset to downtown while providing affordable senior housing while making the development fiscally viable in the long term. Currently, the city has a bond on the commercial portion that should be paid off in 2023. That bond is being paid from revenue from the Master Tenant's rent, which comes from the current multiple sub-tenants. The current Master Tenant agreement calls for these lease payments through 2025, which under the original bonds is when the bonds would be paid off. Page 14 of 21 The bonds were refinanced and now will be paid off early. The E DA would have outside counsel review the existing two Master Leases and existing tenant leases and propose a structure back to the EDA and the CDA. The attorneys would also develop a template lease for the spaces. Currently, leases are from a few pages to many and the rent spread is as much as $7 per square foot among tenants. The goal would be to locate tenants that can activate the space and generate pedestrian traffic for all of downtown. The EDA will also be receiving a proposal from RSP, an architectural firm that works on the repositioning of developments. While architecture is the foundation of their practice, RSP has evolved to include services like branded environments and urban design. Their firm has revitalized a number of projects around the country including Target on State Street in Chicago to reimaging the Fleet Farm brand and stores. They were the planners and architects for City Place in Woodbury in cooperation with Kraus Anderson and Elion Partners. While RSP has locations around the globe, their global headquarters is in Minneapolis. Funds for improvements may be able to come out of current Tax Increment Reserves. Staff will be working with our consultants to prepare a revitalization plan for the commercial area along with a cash flow analysis and recommended strategy once all of the various leases and agreements have been reviewed by outside counsel. Once prepared, we will present a proposal back to the EDA. Budget Impact: Page 15 of 21 4.B. AI SHAKOPEE Shakopee Economic Development Authority April 5, 2022 FROM: Michael Kerski, Planning/Development Director TO: President and Commission Members Subject: September 9-10, 2022 Innovation weekend. Policy/Action Requested: Staff is proposing to budget this event out of funds from Shakopee Public Utilities Economic Development funding. Estimated expense is $40,000 with the potential to recoup that through Saturday ticket sales. Recommendation: Provide direction about the event. Discussion: Our entrepreneur group has suggested creating an innovative event that could tap into other entrepreneurs in the area along with funders, investors and CEOs to educate and enlighten them about Shakopee and everything that is happening here. With that suggestion, staff has been working with our consultants to create a weekend event that will attract all of the above to grow our innovation network. We have received interest from a number of national innovation supporters that would like to attend. There are two events proposed. One is a innovative craft beer event on Saturday September 10, 2022 from 1PM-4PM in downtown at the Lewis Street parking lot. Tap2022 will feature craft brewers from throughout the region. Brewers are encouraged to bring beers that tap into innovation and to create a "startup" beer that they can test with attendees. Attendees will be able to review ingredients and how beers are made on an app and then vote on their favorite startup beer. The winning brewery will be awarded a trophy along with a mountain bike from Otso Cycles, a member of our entrepreneur group. The second event will be a dinner on Friday night on the historic Holmes Street Bridge over Page 16 of 21 the Minnesota River. The event working title for this event is "Where Founders and Crafter Brewers Collide." We have been working with Scott County for permission to hold the event on the bridge over the Minnesota River. Nationally, entrepreneurs, founders and funders are attracted to craft brewing and special food. Staff has reached out to Owamni by The Sioux Chef presented by Sean Sherman and Dana Thompson. The restaurant and Chef Sherman have been nominated for two 2022 James Beard Awards. They would prepare a modern indigenous menu for invitees on Friday night. Staff has experience with similar events to this that have helped attract new companies, founders and investors for the community and helped craft an image of innovation. Invitees would include our entrepreneur group, brew masters attending the next day event, investors and several national leaders in innovation. We expect between 50 and 60 attendees. Budget Impact: Funded through funds from SPU Economic Development contribution. Saturday event will be ticketed and may recoup much of the expenses for the two day event. ATTACHMENTS: ❑ Tap Logo Page 17 of 21 - - - S H A --- 0 P E E _ _ , , I°. : A MI; - 2 : 1 22 ;fr ;01IVX 1/4.) AtIP ‘4(top hi e SEPTEMBER 10, 2022 1 -4 p.m. Downtown Shakopee tap2022.org 5.A. 111111111 SHAKOPEE Shakopee Economic Development Authority April 5, 2022 FROM: Nate Reinhardt, Finance Director TO: President and Commission Members Subject: EDA Bill List Policy/Action Requested: None Recommendation: Informational Only Discussion: Attached is a listing of bills for the EDA for the period 3/2/2022 to 4/5/2022. Payments are for general office supplies, attorney & professional service fees. Budget Impact: N/A ATTACHMENTS: ❑ Monthly Financial Report ❑ EDA Check Register Page 19 of 21 Cr, rn O N a) a� Q u ca a. a, rn co oc g o M V1 [• IMF+ u L u (TS M `r v M i.+ CCI W a) ag C7, cm O in Lc) N N N * M OM V �•+ O CQ N c N7Q V � o g N N O � N N N c0 Q_ E— M•. O E- Q CL = a > w A W t N O O z c0 O M < N L.� CNJ 0 H r C a O • 0 N C) N N a a 0 N- , .. O O 1� M M l- N-- (1) ••• N. 1 N N M CO m M M M M M M M 0 (Q O CO IT V in M C) 0 CO 00 CO O CO O O r .- T- r 1- Z • O 0. O z C/) D z LL o N Q w 0 U LU Z J LL D CO J W Cn Z H O Q W W LU H w CC (1 O O LU CC 0 Q z W W O 0 J J H 0 m lL H H Q U U) U O m F-- z z z z z z LU Ili LU LU LU LU LL1 CO Q Q Q Q Q Q Q < < < < < < < N 0 0 0 0 0 0 0 . 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