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<br />ATLAS ~ INCINERATORS, INC. <br />277 Coon Rapids Boulevard . <br />Minneapolis. Minnesota 55433 <br />(612) 784-6701 <br /> <br />Tax IncrenBlt Financing Reqoost to <br />City of Famsey by Atlas I:evelopnent Carpany <br />anj Atlas Incirerators, Im. <br /> <br />1. tescr-iptioo of Project <br />Atlas intends to p.1r'Chase 16.67 acres of land in Gataay North <br />Industrial Park upon which it will build new COl"pOrate offices, <br />~n11f':::'''''''''''''''';l'.U''' .p':::tl"\;';+-;O~ ..".....,.,t ~ C'__.....;__ ~_4-__ ~-,_.... <br />-...----- _--0 .._____v............... ~....... ""'" ..,,\??oo4 v.""""" ~1.1WC4 ~Lt-'~C^. <br /> <br />n-Jis will be an industr-ial developnent with a total bujget for- land, <br />buildings, equipnent and improvements of 00 less than $3,100,000 oor- <br />m:>re than $3,500,000. Tffi anount of financing aids obtained- will <br />directly affect tre size of tre IlEIlufactl..Ir'ing facility and consequently <br />tre productioo ca~bility as well as jobs created. <br /> <br />At tre present time, 0Ul" plans call for tre foll~ing: <br /> <br />9600 square foot, 2 story office bw..J..aing at.ta~ to tre <br />pro:luctioo facili ty . <br /> <br />28,COO sqt.are foot pro:luctioo facility designed to be expanded to <br />56, COO square feet. . <br /> <br />28, COO sqt.are foot ser-vi.ce center- car:plex imlu::ling a concrete <br />diked tank farm. <br /> <br />We respectively reqLest DBXi.nun tax imrement firnncing assistance for <br />this project with a mininun of $2OO,COO. We emphasize again, all fUnds <br />will be used to maximize tre size of all" productioo facility, therefcre <br />directly affecting 0Ul" cap:lbility to take in business with tre resulting <br />~ct of m:re jooo, faster expansioo, etc. <br /> <br />\r.e presently have 38 arployees an:! are projecting 56 ear-ly 1989, 89 in <br />ear-ly 1990, 115 by 1991 and a mininun of 125 by 1992. If tl'E in;:'act of <br />0Ln" new facilities 00 tre narket develop as "we expect, our expansion <br />plans oould imlu:1e going to a 2 or 3 shift \\Urk force, thJs Imreasing <br />the job l:ase by 50 or 60 Or' a m:>re rapid expmsioo of the productioo <br />facili ty to 150, COO sqtBre feet with a total of 250 - 300 eu.ployees. We <br />do have an optioo Q'l 7 additional acres adjacent to the present property <br />which \\Uuld all~ this expansioo. <br /> <br />We have a very tight timetable. With a current substantial tacklog, we <br />will shor-tly go to a 6 or 7 day week at 0Ul" present locatioo. With <br />severnl lar-ge jobs being scheduled fer productioo this Fall, our present <br />facility will oot allCM us to DBke required delivery schedules. <br />Therefore, our timetable is to be in a new" office/pro:luctioo facility at <br />the latest by NovenDer- 1, 1988. Ear-ly approval of financing assistance <br />is therefore very l.:."'gently needed if we are to locate in tl'E City of <br />Pam3ey. <br /> <br />-).. <br />