Tuesday evening members of the Plymouth Redevelopment Commission were updated on a number of projects by City Attorney Sean Surrisi.
The city applied for a Community Development Block grant on behalf of the Rees Theatre project. The grant just missed the scoring threshold so the city has moved the project into the Stellar application that is due this Friday. Surrisi told members of the commission that masonry work is underway on the alley wall.
The Aquatic Center in TIF #3 is getting closer to wrapping up. The contractor has been given the punch list and during a construction meeting Tuesday afternoon they presented some options for the bigger items on the punch list. Surrisi said the Building Commission gave a certificate of occupancy last week for the facility. A ribbon cutting and grand opening is planned for Saturday, October 5th.
Pretzels Inc. is getting closer to closing on the expansion bonds. Initially scheduled for August 30th, Surrisi said their attorneys had concerned with the name Pretzels Inc on the paperwork submitted to the city so they changed the name to Pretzels LLC. They are expected to close on the unique financing later this week or early next. Surrisi said Pretzels will pay for professional fees the city acquired while working on this project. He also said the construction is expected to be pretty well complete by the first of the year.
The River Gate South residential project is “plugging along.” The City Attorney said at our last meeting they had anticipated being complete by Labor Day but that day has passed and there is still work happening in the third building and tidying up to be completed.
Attorneys for Winona Building Products have been working on new market tax credit funding for their project, the same type of funding that was used for the aquatic center and early childhood learning center. They’ve secured some new market tax credit funding and are ready to move forward with the TIF fund bond financing project. The city attorney said likely next month the city will begin the approval processes for the bond.
As for clarification the Redevelopment Commission asked about the For Sale sign on the property. Surrisi said they are interested in leasing and possibly selling the older portion of the building to the south. He said the manufacturing is happening in the newer portion because of the higher roof line that can accommodate the large machine. They have always envisioned other options for the older section of the building.
Centennial Crossings residential development on the north side of Plymouth Goshen Trail is moving forward with technical design of the infrastructure in the development. It’s anticipated they will seek final approval of the PUD in the November Plan Commission meeting. The city is hoping to work with the developer to add the cost of sewer improvements and street improvements to the bond issue.
