AUBURN – The Auburn City Council expanded its 2002 blighted and substandard declaration and amended its redevelopment plan Monday to make the former Ariens plant eligible for tax increment financing.
Administrative Assistant Kim Beger said the city’s action helps develop the workforce and under-girds economic vitality.
City Councilwoman Katy Billings commended numerous city agencies for working together to get eight months worth of work before the council in just 90 days.
Councilman Rick Janssen said “hats off to all involved.”
The Community Redevelopment Agency is scheduled to meet at noon Tuesday to consider a loan to Fast Global Solutions that is linked to tax increment financing.
Jeffrey Ray of JEO Consulting Group told the city council Monday that the former Ariens plant is eligible for the blighted designation because there have been 13 additions to the structures and building permits show the average age is more than 40 years.
The property qualifies for nine of 12 criteria for blighted and redevelopment is intended to preserve as many as 150 jobs.