NOTICE OF PUBLIC HEARING OF THE BOARD OF SUPERVISORS OF BUTLER COUNTY IN THE STATE OF IOWA, ON THE MATTER OF THE PROPOSAL TO ENTER INTO A DEVELOPMENT AGREEMENT WITH BUTLER-GRUNDY DEVELOPMENT ALLIANCE, AND THE HEARING THEREON
PUBLIC NOTICE is hereby given that the Board of Butler County in the State of Iowa, will hold a public hearing on November 14, 2023, at 9:00 A.M. in the Board Room, Butler County Courthouse, 428 Sixth Street, Allison, Iowa, at which meeting the Board proposes to take action on the proposal to enter into a Development Agreement (the "Agreement") with Butler-Grundy Development Alliance (the "Developer").
Developer is working in conjunction with the County to expand and prepare for development the Logistics Industrial Park ("Park") within the Butler County Logistics Park Urban Renewal Area in order to promote economic development and create and maintain jobs within the County.
In furtherance of this goal, the Iowa Regional Utilities Association (the "Association") has expended $1,283,076.00 to construct and install public water supply services and public wastewater services to serve the Park and advance development therein, and the Developer is considering an agreement to reimburse the Association up to $1,000,000 of those costs ("IRUA Agreement").
The Developer has also entered into a purchase agreement to acquire property within the Park and Urban Renewal Area for the price of $260,000 ("Purchase Agreement") and Developer purchased such land in order to increase the availability of industrial sites for employers in the County.
The Agreement proposes that the County will make up to ten (10) consecutive annual payments of IRUA Economic Development Grants to Developer, the cumulative total for all such payments not to exceed the lesser of $1,000,000, or the amount accrued under the schedule outlined in the proposed Agreement, under the terms and following satisfaction of the conditions set forth in the Agreement.
The Agreement also proposes that the County will make up to ten (10) consecutive annual payments of Purchase Agreement Economic Development Grants to Developer, the cumulative total for all such payments not to exceed the lesser of $260,000, or the amount accrued under the schedule outlined in the proposed Agreement, under the terms and following satisfaction of the conditions set forth in the Agreement.
A copy of the Agreement is on file for public inspection during regular business hours in the office of the County Auditor, Courthouse, Butler, Iowa.
At the above meeting the Board shall receive oral or written objections from any resident or property owner of said County, to the proposal to enter into the Agreement with the Developer. After all objections have been received and considered, the Board will at this meeting or at any adjournment thereof, take additional action on the proposal or will abandon the proposal to authorize said Agreement.
This notice is given by order of the Board of Supervisors of Butler County in the State of Iowa, as provided by Sections 331.301(5) and 331.305, Code of Iowa.
Dated this 31st day of October, 2023.