Laserfiche WebLink
<br />Public Hearings: Consider Resolutions Authorizing Execution of Tax Abatement and Business Subsidy Agreements for Alliance Machine, , Crystal <br />Distribution, Medical Extrusion Technologies and Classic Acrylics <br />August 15, 2005 City Council Meeting <br />Page 2 of 3 <br /> <br />Sherburne County Review <br />On July 27th, the Sherburne County Economic Development Alliance (SCEDA) recommended that <br />the Sherburne County Board of Commissioners call a public hearing for August 16th to consider <br />matching the City's Abatement amount for each project. <br /> <br />Project Summaries <br /> <br />Nature of Business <br /> <br />City Assistance <br /> <br />Assistance Applied to <br />Abatement Years <br />Building Size <br />Lot Size <br />Jobs Retained <br />Jobs Created <br /> <br />Nature of Business <br /> <br />City Assistance <br /> <br />Assistance Applied to <br />Abatement Years <br />Building Size <br />Lot Size <br />Jobs Retained <br />Jbbs Created <br /> <br />Nature of Business <br /> <br />City Assistance <br />Assistance Applied to <br />Abatement Years <br />Building Size <br />Lot Size <br /> <br />Jobs Created <br /> <br />Alliance Machine. Inc. <br />Light, precision machining of plastic and metal components for national and <br />international clients in the aerospace, medical, defense and computer <br />industries <br />$103,978 to Provo Enterprises, LLC who will lease the property to Alliance <br />Machine, Inc. <br />50% of the land cost <br />1 0 (estimated) <br />18,000 SF <br />2.84 acres to accommodate a 10,000 SF expansion (see attached map) <br />30 ($20 average hourly wage) <br />9 ($15 minimum hourly wage) <br /> <br />Crystal Distribution. Inc. <br />Sheet metal fabrication for custom curb adapters used to replace existing <br />roof top equipment with new roof top equipment sold to heating, ventilation <br />and air conditioning distributors across the nation into Canada <br />$138,470 to O'Brien Holdings, LLC, who will lease the property to Crystal <br />Distribution, Inc. <br />50% of the land cost <br />12 (estimated) <br />30,000 SF <br />3.7 acres to accommodate a 12,000 SF expansion (see attached map) <br />31 ($20 average hourly wage) <br />15 ($15 minimum hourly wage) <br /> <br />Medical Extrusion Technologies. Inc. <br />Plastic tubing and profiles for medial, commercial, telecommunications and <br />recreational applications <br />$114,998 to the company or a related entity <br />50% of the land cost <br />15 (estimated) <br />20,000 SF <br />2.64 acres in which the company would occupy 50% of the space and lease <br />out the balance (see attached map) <br />23 ($15 minimum hourly wage) <br />