HomeMy WebLinkAbout02/18/91CITY COUNCIL WORK SESSION
February 18, 1991
6:00 p.m.
Large Conference Room
Members present: Mayor McKinley, Brown, Budak, Fox, Angel,
Wright and Buck.
Members absent: Dell.
The Mayor announced that the purpose of the meeting was to
discuss the proposed expansion of Powers Manufacturing at
their current location and north of Sycamore Street.
Representatives of Powers Manufacturing were present
including Roger Hufstedler, Pam Turner and Steve Thurmond
from Lockard Construction Company.
Don Temeyer, Planning and Development Director, explained
that Powers is located within the Rath Tax Increment
Financing District. The Rath TIF was designed to promote
private development within the area. Existing land uses and
proposed zoning classifications were reviewed.
Powers anticipates a 110,000 square foot expansion in a
three phase process over the next five to seven years.
Plans include the demolition of existing structures not
currently owned by Powers. These neighbors would be
assisted with relocation through the Community Development
Board to comparable neighborhoods. A meeting was held last
week with affected property owners many of which understand
the need to assist the neighborhood for redevelopment
purposes.
The total cost to the City for acquisition of the affected
properties would be approximately $300,000. Upon completion
of demolition and relocation, the land would be sold back to
Powers at an approximate sale price of 50 cents per square
foot resulting in total revenue to the City of approximately
$100,000. The Tax Increment Fund would be repaid in
approximately 30 years.
Prior to commencement of the expansion plans, the Council
will be presented with a development agreement that will
outline the duties and responsibilities of both the City and
Powers for the project.
In response to a question by Councilperson Buck, Mr. Temeyer
explained that the City will work with IPS in relocating a
gas line in the alley that runs from Union Street to E. llth
Street. The City will also assist in vacating Union Street
and eventually the alley. Localized access will be worked
out as the phased development is constructed. The current
employment of 190 persons is expected to increase by
approximately one-third upon completion of the expansion
project.
A drawing of the proposed improvement was shown.
There were no comments concerning the proposed expansion.
The Mayor adjourned the meeting at 6:16 p.m.
Larry P. Burger
City Clerk/Auditor