HomeMy WebLinkAbout4. Joint City Council/EDA Public Hearing on Emerson Development Agreement 4.
S1-1AKOPEE
TO: Economic Development Authority
FROM: Mark McNeill, City Administrator
DATE: 03/19/2013
SUBJECT: Joint City Council/EDA Public Hearing on Emerson Development Agreement (F)
Action Sought
To open and continue a public hearing for Emerson Process Management, regarding a development agreement and
business subsidy plan.
Background
At its meeting of March 19th, the City Council and EDA will jointly open a public hearing for actions relating to
Emerson Process Management.
At their meetings of March 5th, both the EDA and the City Council called for a joint public hearing to consider a
business subsidy plan and development agreement for Emerson Process Management. Emerson is the company
which has been negotiating with the City for several months to bring a substantial business to the former ADC 2
building in Shakopee.
The public hearing was therefore set for 7:00 p.m. on Tuesday, March 19th. However, Emerson and City staff are
continuing negotiations on the business subsidy plan and development agreement. Unfortunately, neither are ready
for consideration by either of the policy making bodies at this time.
In order to allow sufficient time to finish the negotiations, the Council and EDA are asked to open the public
hearing and then continue it to the April 2nd meeting.
Recommendation
I recommend that the Public Hearing be opened and continued to Tuesday, April 2nd at 7:00 p.m.
Relationship To Vision
This is a housekeeping item (F).
Requested Action
Both the EDA and City Council should open the public hearing for Emerson Process Management and continue it
to Tuesday, April 2nd at 7:00 p.m.
Attachments: