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Wednesday, October 1st, 2014
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Preston’s new industrial park to go forward


Fri, Apr 25th, 2014
Posted in Preston Government

Mike Bubany, David Drown and Associates, presented information related to the plan for Tax Increment Financing (TIF) District 8 at the Preston City Council’s April 21 meeting. Three public hearings were held related to the industrial park, including one to establish TIF District 8, one for a business subsidy agreement with Bluff Country Manufacturing, and one for a business subsidy agreement with JMS Agronomics.

TIF District 8 includes about six acres located south and west of the intersection of Highway 52 and Highway 16 north of Preston. The TIF District will be primarily for manufacturing and industrial uses. The plan calls for nine increment collections starting in 2016.

The original market value of those properties as they are today will be distributed as normal property taxes. About $207,813 of site improvement, preparation costs and other related expenses for the TIF will be financed with the increment. The total amount eligible for reimbursement with the TIF is $290,673, which includes administration and financing expenses.

Necessary public infrastructure improvements including utility extensions and roadway construction will be financed with a combination of state grant funds, tax increments and/or any necessary city contributions.

The city will acquire the site, make the public infrastructure improvements, and sell the two parcels for $35,000 each.

Bluff Country Industries, LLC plans to construct an 8,600 square foot facility that it will lease to Bluff Country Manufacturing, Inc. The manufacturer assembles printed circuit boards and related materials.

JMS Agronomics, Inc. warehouses and distributes Pioneer Seed and the company plans the construction of a 8,000 square foot facility.

There were no public comments at any of the three public hearings for establishing the TIF District 8 or for the business subsidy agreements with each of the businesses. The business subsidy agreements are similar for each of the companies. Bluff Country Manufacturing mostly intends to retain the current number of jobs, but may add one additional job. JMS Agronomics plans to create two full time jobs.

Resolutions were unanimously approved establishing TIF District 8 and approving each of the business subsidy agreements.

Board of Appeal and

Equalization

County Assessor Cynthia Blagsvedt reviewed 2014 assessment changes in P .....
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Preston reviews industrial park feasibility study

Fri, Apr 11th, 2014
Posted in Preston Government

City Engineer Brett Grabau, Stantec, presented his feasibility report for the North Industrial Park and utility improvements at the Preston City Council’s April 7 meeting. Preston attended to an unusually long agenda involving four public hearings ..... 
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Preston calls for hearing initiating TIF process

Fri, Mar 21st, 2014
Posted in Preston Government

At the March 17 Preston City Council meeting a resolution was adopted to set a public hearing on April 21 regarding a plan to set up tax increment financing district (TIF) number 8. If an industrial park is developed at the southwest corner of th ..... 
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Fragmented support for NTC’s request to get state bonding

Fri, Mar 7th, 2014
Posted in Preston Government

A resolution was adopted at the Preston City Council’s March 3 meeting to reaffirm its support of the National Trout Center (NTC) building project. In 2012 a unanimous resolution was approved stating that the City of Preston will serve as the fi ..... 
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Plans for Preston street improvements move forward

Fri, Feb 21st, 2014
Posted in Preston Government

City Engineer Brett Grabau presented plans and specifications for the large 2014 street and utility improvement project at the city council’s February 18 meeting. Also, a hearing was held regarding the CSAH 17 (St. Paul Street) improvements plann ..... 
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Public hearing set for CSAH 17 project

Fri, Feb 7th, 2014
Posted in Preston Government

Possible assessment levels were discussed concerning the CSAH 17 project at the Preston City Council’s February 3 meeting. Mayor Kurt Reicks was absent. Fillmore County has proposed the rehabilitation and/or reconstruction of the portion of CSA ..... 
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Preston supports current Renewable Fuel Standard

Fri, Jan 24th, 2014
Posted in Preston Government

The Preston City Council at their January 21 meeting authorized City Administrator Joe Hoffman to draft a letter on behalf of the city council to the Environmental Protection Agency to be signed by Mayor Kurt Reicks asking for continued support for h ..... 
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Preston City Council approves purchase of police car

Fri, Jan 10th, 2014
Posted in Preston Government

Police Chief Matt Schultz requested the Preston City Council’s approval for purchasing a new police car. The request was approved. “The 2007 is in dire need of replacement,” said Schultz. The new police car is a 2014 Chevy Impala, the co ..... 
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Preston’s goals and hopes for the future

Fri, Jan 10th, 2014
Posted in Preston Government

Preston is taking a look at where it is and where it wants to go in the future. A second workshop meeting to develop a comprehensive plan was open to the public on January 8. It was well attended by about 50 officials, business people, and resident ..... 
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