Last Monday evening the Ellsworth City Council met with its financial advisor Nate Summers to discuss available TIF (Tax Increment Funds) to be used as an incentive for potential buyers of the 1802 Industrial Park Road property. Summers advised the council that $100,008 is available annually until the property sunsets in 10 years. This will reduce the General Fund levy by $27,382 annually. The city is not obligated to offer the full available TIF in a developer’s incentive agreement. Summers also discussed with the council potential revenues from a fully functioning business occupying the 1802 Industrial Park Road facility. While electric and water revenues cannot be used for the same purposes as General Fund Levy they would still significantly affect available funds in those utilities for future development. There was no action taken by the council at this time.
Plans for a preliminary housing development design by WHKS Engineering of Ames was presented to the Ellsworth City Council. The development would include two parcels of land in Ellsworth. No action was taken. There will be further discussion at a future meeting.
The Ellsworth City Council requested prices for two dumpsters near the IAS facility as done in the past and the potential cost involved to both the Ellsworth Community Association and the City of Ellsworth if curbside services were offered to the community for larger items. Additional discussion and possible action will be at the April 22nd Council meeting in Ellsworth.
Donations from the Ellsworth Bingo Committe to the South Hamilton T-Ball program for $150 and to the South Hamilton Soccer program for $150 were approved by the council.
The date of April 28th was set for the Ellsworth Budget Adoption Hearing at 6 p.m. at the Ellsworth City Hall.
Ellsworth City council members discussed the bid from Next Generation Buildings for a 40 foot wide by 100 foot long by 16 foot inside height composite steel frame shop building for$74,926 was accepted by council .