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Shakopee Economic Development Authority
March 6, 2018
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| | | | | | | | | FROM: | Darin Nelson, Finance Director | | TO: | EDA Commission |
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| | | | | | | | Policy/Action Requested:
Move to approve bills in the amount of $412,733.85 for the EDA Fund, which allows for internal charges that are applied to the EDA fund. |
| | | | | | | | Discussion:
Attached is a listing of bills for the EDA for the period 2/8/2018 to 3/6/2018. Payments are for general office supplies, attorney & professional service fees.
- Payment to Anchor Glass Container Corp for MIF grant from DEED in the amount of $400,000.00.
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| | | | | | | | Budget Impact:
The $400,000 payment to Anchor Glass is a direct pass through from DEED. This grant was expected to be receipted in late 2017, but did not occur until now. The EDA budget accounted for the grant revenue and expenditure in 2017, therefore the 2018 EDA expenditure budget appears skewed due to pass through payment of this grant revenue. |
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