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<br />ATlAS~ INCINERATORS, INC. <br />277 Coon Rapids Boulevard <br />Minneapolis. Minnesota 55433 <br />(612) 784.,6701 <br /> <br />Tax ~rerra1t Fira'1Cing ReqLEst to <br />Ci ty of Ramsey by Atlas ~velopnent Ccnpany <br />a.rrl Atlas :I.n8irerators, !m. <br /> <br />I. ~criptiCl1 of Project <br />Atlas intends to p..trChase 16.67 acres of land in CBteway North <br />Industrial Park up::n which it will ooild new corporate offices, <br />TT'l::Inl.."'~"~,,.,...i'''''(T ""~n{'.;1-';oC" ""9"\~ ":) ___....:_ ---:-_..:.__ __",_u <br />------- ---0 ..------...---.... -...- -. ..,...... ....~ ~.A~.l ~"'I}J~C^. <br /> <br />'n-Jis will ~ an industrial develo;:rrent with a total bujget fer la")j, <br />lJJildings, equiJIDEnt and i.rnj)roVerre1ts of 00 less t.~ $3,100,000 n:::>l'" <br />m:>re than $3, 5\XJ, 000. TIle arn:>uot of fina11cing aids obtained will <br />directly affect the size of the DB!1ufacturing facility and ~-I1tly <br />the producticn caP3-bilityas well as jobs create:i. <br /> <br />At the present time, our plans call for tl'e following: <br /> <br />9600 square foot, 2 stcry office bLU..Loing at.tac..~ to the <br />production facility. <br /> <br />28, (XX) sq..are foot produoticn facility designed to be expaOO:d to <br />56,00::> square feet. <br /> <br />28,00::> squ3.."'e foot se.""'Vi.ce ce."1ter ca:rplex ~lu:ling a corr-r-ete <br />diked tank fa"'LIl. <br /> <br />We respecti vely req~st IIBXi.nun tax imI"elIe1t fira'1cing assista.'1Ce fer <br />this project with a minim.tn of $...?(X),CXX). ~ e:rphasize again, ali funds <br />will be used to maximize t.he size of OJ!" prod~ticn facility, therefcre <br />directly affecting or capability to take in D.JSW..ss with the resulting <br />irrpact of m:r.e jobs, faster expa.'1Sicn, etc. <br /> <br />We pre5e."1tly have 3B erployees arxi are projecting 56 early 1989, 89 in <br />early 1990, 115 by 1991 alJd a minim.ln of 125 by 1992. If the i.n;2ct of <br />our new facilities C7.1 tl'e n:arket develop as we expect, OZ' e>:;:a'1Sion <br />pla.'1S could iri::luie going to a 2 or 3 shift w.r.>r-k force, t.~ i::creasing <br />the job base by 50 or 6a or- a zro:'e rapid ex;:a'1Sioo of tte p~tioo <br />facility to 150,CXX> squ3.."'e feet "'-ith a total of 250 - 300 e::ploye<=>..s. We <br />do have an optioo en 7 additional acres adjace."1t to th: prese."1t propoo....rty <br />wh.ic.~ w.r.>uld all~ this expansien. <br /> <br />We have a very tight timetable. Wit..lJ a Cl.l.""!'"'e.'1t substa'1tial tacklog, we <br />will shortly go to a 6 cr 7 day week at our prese.11t locatien. With <br />seve.-allarge jobs being sdJed1..D.ed for producticn this Fall, or present <br />facility will not alieN.' us to nake required deli ve.ry sc.~ules. <br />1be."'efcre, our timetable is to be in a new office/produ~tion facility at <br />the latest by lbve:Iber' 1, 1988. Farly approval of fina'1Cing assistance <br />is th:r-efcre vary t:..""g""...ntly needed if we C3."'e to looate in th: City of <br />RaImey. <br /> <br />ATLAS INCINERA nON AND WASTE TO ENERGY RECOVERY SYSTEMS <br /> <br />1D.3 <br />