2019 City of Shakopee Fee Schedule

City of Shakopee | 485 Gorman St., Shakopee MN 55379 | City Clerk’s Office 952-233-9300 | Fax: 952-233-3801 | www.ShakopeeMN.gov

Economic Development Fees Tax Increment Financing Application Fee

$12,000 escrow

Tax Abatement Application Fee

$12,000 escrow

Minnesota Investment Fund Application Fee

$6,000 escrow

Unused escrow funds will be returned and additional fees above these amounts will be the responsibility of the applicant.

Private Activity Revenue Bonds (Conduit Debt) (Resolution 7318)

Application fee

$1,000

Administration fee at closing

$10,000 or 0.5% of principal bond, whichever is greater with maximum of $50,000

Refund previous bond issue

$10,000 or 0.25% or principal refunding bond, whichever is greater with maximum of $50,000

Bond administration fee

25% of the principal amount of refunding bond or $10,000 minimum, whichever is greater with maximum of $50,000

All fees and expenses in relation to the issuance of the bonds, including the fees of the city’s bond counsel, shall be the responsibility of the applicant regardless of whether the bonds are actually issued.

2019 City of Shakopee Fee Schedule – v4.2.19

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