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HomeMy WebLinkAbout4.F.2. Approval of Minutes: February 12, 2013 Consent Business 4. F. 2. SHAKOPEE TO: Mayor and City Council Mark McNeill, City Administrator FROM: Julie Linnihan, Finance Director /City Clerk DATE: 03/05/2013 SUBJECT: Approval of the February 12, 2013 City Council Minutes (F) Action Sought Move to approve the minutes from the February 12, 2013 City Council meeting. Attachments: 02 -12 -13 City Council Meeting Minutes OFFICIAL PROCEEDINGS OF THE SHAKOPEE CITY COUNCIL ADJ. REGULAR SESSION SHAKOPEE, MINNESOTA FEBRUARY 12, 2013 1. Roll Call Mayor Tabke called the meeting to order at 7:00 p.m. and roll call was taken. Present: Mayor Brad Tabke, Councilors Pamela Schurman, Steve Clay and Jay Whiting. Absent: Councilor Matt Lehman Staff Present: Mark McNeill, City Administrator; Kris Wilson, Assistant City Administrator; R. Michael Leek, Community Development Director; Bruce Loney, Public Works Director /Engineer; Julie A. Linnihan, Finance Director /City Clerk; 2. Approval of the Agenda Schurman/Clay moved to approve the agenda. Motion carried 4 -0. 3. Public Hearing to Consider Tax Abatement — Emerson Process Management Whiting /Schurman moved to open the public hearing. Motion carried 4 -0. Mark McNeill, City Administrator, explained that City has received a business subsidy application from Emerson Process Management (Rosemount, Inc.) to acquire and complete the existing former ADC 2 building in Shakopee. Rosemount needs an initial 300,000 square feet of manufacturing and office space to meet their five -year projected needs. Over the next five years, Emerson would create an estimated 500 jobs, 300 of which would be engineering related, and 200 would be manufacturing. Emerson has requested $6 million in public assistance in order to make the Shakopee project happen. Scott County is also negotiating a fiber optic cable service arrangement, which could present a significant operational savings to Emerson at their multiple Twin Cities locations in future years. The State of Minnesota has offered a jobs training grant, matching infrastructure grant, and a Minnesota Investment Fund grant. The School Board of ISD 191 (Burnsville - Eagan- Savage) has agreed to call for a public hearing on March 7th to consider property tax abatement on their portion of the incremental new value. In addition to the possible abatement of property taxes, the City of Shakopee could offer up to 125 Sewer Availability (SAC) credits; a waiver of City SAC access fees; a waiver of the storm trunk water charge, and a forgivable loan of $350,000 (comprised of a $247,000 existing grant balance and $103,000 in EDA fund balance). Brian Harstad, Vice President of Finance for Emerson Process Management, presented Council with an overview of the Emerson/Rosemount business and the products they produce. Mikaela Huot, Vice President/Consultant with Springsted, Inc., presented to Council the how tax abatement works as well as methods for financing, project costs, source of funding and a return analysis. Official Proceedings of the February 12, 2013 Shakopee City Council Page 2 Mayor Tabke asked if there was anyone in the audience that wished to speak at the public hearing. Bill Mars, 1279 Cider Circle, said the tax abatement request from Emerson/Rosemount would be a good investment for the City of Shakopee and supports the project. Clay /Schurman moved to close the public hearing. Motion carried 4 -0. Schurman/Clay offered Resolution No. 7278, A Resolution Granting a Property Tax Abatement for Certain Property in the City of Shakopee. Motion carried 4 -0. 4. Other Business 4.A Authorization to Enter into Contract with Great West Financial. Kris Wilson, Assistant City Administrator, asked Council to consider entering into a contract with Great West Financial for operation of a 457 plan for benefits- eligible employees of the City. Clay /Schurman moved to authorize the appropriate officials to enter into the necessary contracts with Great West Financial for provision of the U.S. Conference of Mayor's Deferred Compensation Program. Motion carried 4 -0. 5. Adjourn Schurman/Clay moved to adjourn to Tuesday, February 19, 2013 at 7:00 p.m. Motion carried 4- 0. Meeting ended at 7:51 p.m. Julie A. Linnihan Finance Director /City Clerk Kim Weckman Recording Secretary