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<br />. <br /> <br />. <br /> <br />. <br /> <br />Commissioner Ippel referred to an article in last weeks' Anoka Union <br />regarding Ramsey City Council wanting a one year moratorium to set criteria <br />for siting landfills. Commissioner Ippel stated that the City has always <br />opposed the landfill and to sellout to vertical expansion for a ski hill <br />is not smart. <br /> <br />CGiMISSION BUSINESS <br /> <br />Case #1: Request For City Participation (Tax Increment Financing) In <br />Prqposed Project: Case Of Atlas Incinerators. Inc.: <br /> <br />Robert Labat, President of Atlas Incinerators, was present and stated that <br />the firm is proposing to relocate it's corporate office, factory and <br />research and development facility in Ramsey. The corporate office will <br />consist of 9600 square feet; the factory will be 26,000-30,000 square feet; <br />28,000 square feet is proposed for the research and service facility. A <br />small portion of the research facility (7% of the entire complex) includes <br />contract burn which is used to help generate revenue for the entire complex <br />and serve as a working display to show prospective customers. Atlas is <br />proposing to develop the facility on a 16.76 acre p:lrcel at Cty. Rd. #116 <br />and Sunfish Lake Blvd; the firm has an option on another 7 acre parcel <br />which can be used to accommodate future expansion or to encourage <br />compl imentary manufacturers to locate nearby. <br /> <br />Mr. Labat explained that current company sales are at 3 million and that is <br />expected to increase to 25 million in 1992. The comp:iny currently employs <br />39 and that is expected to increase to 125 in 1992. If the company goes to <br />24 hour a day operation, employment will increase to 150-160 in 1992. <br /> <br />Mr. Labat stated that Atlas stock could go public, but placement of the <br />stock would be in private institutions; current owners of the company <br />intend to keep control of the comp:iny at all times. <br /> <br />Mr. Labat stated that the projected costs for the new facility are 3.1 to <br />3.5 million; Atlas would like to keep their budget at 3.1 million; the more <br />creative financing that can be found, the larger the facility can be built <br />from the start. This COmmission's recommendation to City Council regarding <br />the amount of tax increment participation will affect the size of this <br />project. <br /> <br />Commissioner Fults inquired if any consideration had been given to using <br />the methane gas available in the area. <br /> <br />Mr. Labat stated that if Atlas is committed to being in Ramsey, the comp:lny <br />will consider every avenue to maximize on local resources. <br /> <br />Commissioner Fults inquired if there is a chance that a manufacturer of raw <br />materials needed by Atlas would relocate to Ramsey. <br /> <br />Mr. Labat replied that Atlas' major raw materials are steel, refractory and <br />electrical items; it is doubtful that a steel or refractory manufacturer <br />would relocate to Ramsey; it is possible that manufacturers of electronic <br />components would locate in Ramsey. <br />Economic Development Commission/May 10, 1988 <br /> <br />Page 2 of 4 <br />