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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 the intersection of Highway 52 and Highway 16, there will be considerable costs associated with construction of the necessary infrastructure. The Preston EDA wants to use a TIF district to help cover some of the cost.

The TIF district for the six acre property would be capped at nine years. City Administrator Joe Hoffman noted that two businesses are seriously interested in this location.

Mike Bubany, David Drown and Associates, would draw up the plan for the TIF district (estimated cost of $8,000). After the public hearing on April 21, the council will make a decision as to whether or not to establish the TIF district.

Other Business in Brief

•The city will contribute $4,000 (which has been budgeted) for the Trout Days fireworks. The total cost of the show is $5,000. The Fire Department has contributed $500 to the show in the past and the other $500 has come from donations. A motion to approve the contract with J & M, the forgoing of additional insurance, and the issuance of a permit was approved. J & M provides insurance that exceeds tort limits.

•A cooperative agreement was approved with Fillmore County on the county’s 2014 project to resurface and make improvements to CSAH 17 (St. Paul Avenue) from CSAH 12 (Fillmore Street) to the south bridge. The agreement spells out the responsibilities of the county and of the city. Hoffman noted the cost share is what the city has anticipated and what the city was made aware of about a year ago.

•Preston has been a Tree City for 29 years. April 25 was proclaimed as Arbor Day in the city of Preston. The Tree Board will hold a tree planting ceremony on that day.

•Approval was given to pay $100 for membership to the Preston Area Chamber of Commerce. The Preston Public Utilities also paid $100 for their annual membership dues. The Chamber has planned a “Preston Pride Clean up Day” for April 26 for the beautification of the city. This is a new activity organized by the Chamber.

•The National Trout Center (NTC) will be asked to report on their first quarter expenses at an April council meeting as requested by Councilman Robert Maust.

•There will be a special city council meeting on March 31 to hold a public hearing on the proposed Dairy & Farm and Gehling Auction annexation.

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