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Action to approve a Development Agreement with Solventum.
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Summary and Recommended Action:
Staff recommends approval of a development agreement between the City of Brookings and Solventum Corporation. The agreement adheres to the approved MOU and facilitates Solventum’s $220 million plant expansion, outlining project details, obligations, tax increment financing (TIF) provisions, and performance expectations.
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Attachments:
MemoDevelopment Agreement