HomeMy WebLinkAboutItem 07
May 1, 2017 Item No.________
PUBLIC HEARING TO CONSIDER A
BUSINESS SUBSIDY AGREEMENT WITH LAKEVILLE 222nd 2017 LLC AND
MENASHA PACKAGING COMPANY LLC
Proposed Action
Staff recommends adoption of the following motion: Move to continue the public hearing to
consider a business subsidy agreement with Lakeville 222nd 2017 LLC and Menasha Packaging
Company LLC to the May 15, 2017 City Council meeting.
Overview
The City, Lakeville 222nd 2017 LLC (Launch Properties) and Menasha Packaging Company are
working to finalize the terms and conditions of the Contract for Private Development and
Business Subsidy Agreement. It is anticipated that an agreement will be reached in time for
the next City Council meeting on May 15.
Staff recommends the mayor open the public hearing and accept testimony from anyone in
attendance and then move to continue the public hearing to the May 15 City Council meeting.
Financial Impact: $____________ Budgeted:Y/N____Source:________________
Related Documents: (CIP, ERP, etc.)
Envision Lakeville Community Values: Diversified Economic Development
Report completed by: David L. Olson, Community & Economic Development Director