Seagate is currently marketing its Shakopee facility for sale.  As part of its due diligence, it was found that the City of Shakopee owns a number of parcels including the retention pond, entrance and parking lot along Highway 169.  The city acquired these parcels as part of transaction for rights of way for the construction of Highway 169. There was also a road that at one time ran to structures in this area that were demolished as part of the highway and Seagate construction and the Seagate parcel was created. 

The city usually does not hold property in its name for other than for specific city use, like parks or official buildings.  By transferring these parcels to the EDA it will also a simpler transaction should Seagate find a buyer for its building.

The City Attorney has prepared the appropriate Resolution to transfer.