Item Coversheet

*4.C.2.


Shakopee City Council
AprilĀ 3, 2018


FROM:Michael Kerski, Director of Planning and Development
TO:Mayor and City Council
Subject:

The city's attorneys have researched titles and found that the HRA currently holds property.  Since the HRA, an arm of the city, does not exist anymore and was replaced by the EDA, that property will need to be transferred to the EDA.  Since the HRA does not have a board, the city will need to amend the EDA origination to include taking title to any properties held by the HRA. 

Policy/Action Requested:
Council is setting public hearing for May 1, 2018 to allow the transfer of property from the HRA to the EDA
Recommendation:
Set public hearing for May 1, 2018.
Discussion:
The HRA holds title to the property on the bluff off of Scott Street and may hold title to other properties. In order to make sure that any properties found are transferred to the EDA, the city must add that to the EDA's charter, which requires a public hearing.  Once that hearing is held, the regulations will be changed to allow any HRA held properties to be transferred to the EDA.
Budget Impact: