Agenda - Council - 02/13/2001 - Laserfiche WebLink

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Mayor Gamec called the public hearing back to order at 7:53 p.m..~!~;::~/ ~:~::., ', : :~'%'~ ~ P r e s e n t a ti o n ,~ CiW Administrator No,an stated that the proposed development a~eementf~iifi AMC0~ :~/a Oldcastle Precast, Inc. has been recently negotiated with CiW staff. ~}hompany operates a 16,400 square foot hcility on 7.7 acres of land located in the>Gat~::No~h Indust~i~}7~ Park. ~e project's first phase is a 41,700 square foot facility; ~ih~ sphn~': ~ 2001, and expected to have a second phase project with 27,360 square fo0{}fg~]li~,guilt in approximately ~o years. ~COR cu~ently operates a concrete product ~fi:fhcmfing g~Siness on the site. It~ is anticipated that the project will increase its employ~'~ffbm the~c~ent staffing of 25 to approximately 50 employees in a two year period. CounW ~i~Sor's Office lists the prope~'s cu~ent' value at $591,200, with a tax ca~:~{¢ ~f $18,601,.~..,::~i~.~::~ticipated that the project will be valued at approximately $3 millioh'"~dolla;~,'~af ~il"}en~ate approximately $100,500 a~ually in tax caPaciW, and approximately $56,000 ~N ~:~{ncrement per year towed the TIF District, which would be used to assist the CiW with itS~;~ent in bonding for land acquisition ~d public improvements] ~ Cit~en Input ,- ??" ~ :-~':7%:~ .... ~ere was none. ~::~ ~? Motion to by Councilmember HendfiksehV:~eco~a¢~ by Co~}~{i~ember Zi~e~an, to close Motion ca~?'Voting-'~: Mayor G~ffi~, C6uncilmembers Hendfiksen, Zi~eman, The 0~i~'~'~2~g clos~'a~':~4~:~5 p.~: /~-~}:.: ~z'~'~¢~¢'Q~mec called t~'~gul~Ci~ Council meeting back to order at 7:55 p.m. Motion by"M~yor,:~ Game~?S~conded by Councilmember Anderson, to authorize a business subsidy a~eem~t with Oldcastle Precast, Inc. (AMCOR) and execution of a development a~eement, cont~gent upon review by the Ci~ Attorney. :'~4~.""¥~Motion ca~'?'Voting Yes: Mayor Gamec, Councilmembers ~derson, Hendfiksen, Kurak, '~:~d zi~eman. Voting No: None. <..~ City Council/January 23, 2001 Page 10 of 30 1 -104- ·