Storm Lake City Council Moves Forward with $37 Million Investment
October 08, 2019 10:03am
(STORM LAKE, IA) -- The Storm Lake City Council last night has agreed to amended the current city budget by 9.4 million dollars for the fiscal year ending in June 2020. There is no fiscal impact as the amendment is neutral. The revenues currently equal the expenses.
The council also agreed to set up a date for a consultation and a public hearing on a proposed amendment to the Storm Lake Industrial Park Urban Renewal Plan. Tyson Fresh Meats and Hillshire Brands would replace their current faculty located in the central business district.
The developer is looking to invest 37 million dollars in the new feed mill and create 15 new positions. A consultation meeting with all taxing entities will take place on October 8th. The city would need infrastructure improvements on the roads to handle the increase travel of trucks.
November 4th would be the earliest a hearing with the public could take place.
The Storm Lake City Council will meet next on Oct 21st at City Hall.
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