03-22-21-R - Laserfiche WebLink

Home Browse Search

ARDEN HILLS CITY COUNCIL—MARCH 8, 2021 4 D. Motion to Approve Professional Services Amendment with Bolton & Menk—2021 PMP Street and Utility Improvement Project E. Motion to Approve Second Amendment to Site Use Lease Agreement with AT&T (North Water Tower— 1221 Cummings Park Drive) MOTION: Councilmember Holden moved and Councilmember Holmes seconded a motion to approve the Consent Calendar as amended removing Item 7F and to authorize execution of all necessary documents contained therein. A roll call vote was taken. The motion carried unanimously (5-0). 8. PULLED CONSENT ITEMS A. Motion to Approve Resolution 2021-014 Regarding Support of Job Creation Fund Application in Connection with Boston Scientific Corporation Councilmember Holmes stated the Council has not received a presentation on this item and for this reason she would like a presentation on this item. City Administrator Perrault explained Boston Scientific Corporation proposes to construct an expansion of their manufacturing facility at Building 14, in the northwest corner of the Arden Hills campus. The purpose of the facility is the development and production of lithium batteries for use in medical devices. The primary space in the facility is a 'dry room', a space maintained at less than 1% relative humidity, which is required for handling lithium. Ancillary functions in the addition include office and conference space. The proposed expansion is expected generate 150 new jobs over the next three years. City Administrator Perrault reported to assist with the funding of the proposed addition to Building 14, Boston Scientific is applying to the Minnesota Department of Employment and Economic Development's Job Creation Fund. The JCF provides financial incentives to new and expanding businesses that meet certain job creation and capital investment targets. Companies deemed eligible to participate may receive up to $1 million for creating or retaining high-paying jobs and for constructing or renovating facilities or making other property improvements. In some cases, companies may receive awards of up to $2 million. City Administrator Perrault stated business applicants for the Job Creation Fund must apply through the city. To be eligible for funding, DEED requires applicants obtain a resolution of support approved by the City Council. City Administrator Perrault explained this is one step in assisting the applicant with obtaining funding for the project. Staff commented further on the Findings of Fact and the approval timeline. Planning Consultant Corrin Bemis reported adoption of the resolution of support does not obligate the City to approve development plans. It also does not obligate the City to provide any financial incentives now or in the future.