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Shakopee City Council
December 4, 2018
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| | | | | | | | | FROM: | Michael Kerski | | TO: | Mayor and Council Members |
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| | | | | | | | Subject:
Acceptance of 2019 Economic Development Incentive Grants, Res. No. R2018-135. | | |
| | | | | | | | Policy/Action Requested:
Adopt Resolution No. R2018-135. | | |
| | | | | | | | Recommendation:
Adopt Resolution No. R2018-135. | | |
| | | | | | | | Discussion:
On Oct.16, 2018, City Council approved Resolution No. R2018-122, authorizing the applications to Scott County CDA First Stop Shop's Economic Development Incentive (EDI) Grant. The City of Shakopee was awarded $95,040 (Corridor Readiness) to use toward completing an Alternative Urban Area Review (AURA) of the west end of Shakopee and $30,000 (Technical Assistance) to conduct a feasibility study for a county-wide innovation center. | | |
| | | | | | | | Budget Impact:
The EDI grants require a 1:2 match for the Corridor Readiness grant and 1:1 match for the Technical Assistance grant, which both are budgeted. | | |
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