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01/23/1986 - City Council Special 00026 MINUTES OF A SPECIAL MEETING OF THE EAGAN CITY COUNCIL EAGAN, MINNESOTA JANUARY 23, 1986 A special meeting of the Eagan City Council was held on Thursday, January 23, 1986 at 9:10 p.m. at the Eagan Municipal Center. Present were Mayor Bea Blomquist, Councilmembers Smith, Egan, Wachter and Ellison. Also present were City Administrator Tom Hedges and City Attorney Paul Hauge. SPERRY PROPOSAL Mayor Blomquist announced that the one of the purposes of the meeting was to discuss the proposal of the Sperry Corporation to locate a marketing facility in the City of Eagan on the Sperry property at Pilot Knob Road and Yankee Doodle Road. Tom Hedges reported to the City Council concerning his findings relating to the Sperry proposal. He indicated that he had made contact with the Department of Energy and Economic Development requesting information regarding grants for the proposed development. The Economic Recovery Act and Diversification Act may offer available funds including loans or outright grants. He reviewed with the City Council a list of possible areas in which the City could assist Sperry in the development of the project, most of which involves internal costs within the City. An exception would be the SAC charge and noted the trailway is uncertain, but may be a necessary City expenditure in any event because it connects two City parks. He further mentioned that full tax increment financing or 50% tax increment financing are two potential avenues of covering the City's costs or in the alternative, internal TIF without the sale of municipal bonds or site development under TIF financing. Some of the reasons for the proposed offer of incentives to Sperry included the fact that the plant has been located in Eagan for 20 years, it has been a solid corporate citizen, there is a possibility of jobs leaving the state, there would be a positive impact on business within the City and the State of Minnesota, Sperry has participated in a flexible workday schedule for its employees to relieve the impact on local roads, the roadway system is either in place or has been planned, public and fire protection have been provided for or is planned to accommodate increases in employment in the area, Sperry has land available and has been designated for many years for Research and Development park. The question that was raised was to what extent would the Council commit itself and what form of incentive would be offered to Sperry for the location of the plant within Eagan. 1 Special City Council Minutes January 23, 1986 0002? Each Councilmember expressed his or her opinion as to the type of incentives, if any, that they would favor, including 50% tax increment financing by Councilman Smith. Councilman Ellison did not favor any special incentives to Sperry and Councilman Egan was concerned what precedent tax increment financing would create if allowed in a non-blight area. Councilman Wachter and Mayor Blomquist recommended incentives indirectly which would in effect, be paid through City financing over a period of several years, possibly without tax increment financing. The City Administrator was requested to explore the possibilities of financial assistance from MEED and a meeting was scheduled including the Mayor and City Administrator with MEED officials for January 27, 1986 with report back to the Council. CLERICAL AND DISPATCHER BARGAINING UNIT Mr. Hedges made a presentation to the City Council regarding the demands from the Clerical and Dispatcher Collective Bargaining Units and was given direction by the Councilmembers regarding future negotiations without any formal action being taken by the Council. ADJOURNMENT Upon motion being duly made and seconded, the meeting adjourned. PHH City lerk 2