6/1/2017 4:18:00 PM North Branch Council in brief...
The North Branch City Council last week-- in a special-scheduled meeting due to the school bond vote--moved a couple projects along and set hearings for other matters in the pipeline.
Some agenda items accomplished, along with agreeing to nailing down a lease for a second city liquor store (see other story) included:
~ Flashing By Design, a manufacturing company relocating from Wyoming to North Branch got a Conditional Use Permit for outdoor storage for the site off Ash Street. There will be chainlink, woven with slats, as screen- fencing; no item stored will be higher than 14 feet off the ground; 23 trees are to be planted; lot lighting is to be directed downward and implements can’t be operating in the storage area after 10 p.m. or before 7 a.m.
The company is seeking TIF designation to recoup some of its project costs over nine years. The public hearing was set for June 27 on creating the tax increment financing district. There will be review also on this date for vacation of lot lines that affect this project, in a process that amounts to a “minor subdivision.” Staff said this is mostly paperwork and impacts interior boundaries.
~ Michael Nelson was approved for hire as a police officer. Starting pay was $26.84 an hour. He brings the department back up to full staff at 11 officers, replacing an officer who left in February. Police Chief Meyer said there will be an official swearing-in at the June 13 council session. This is Nelson’s first department he will serve in.
~ The city ok’d a bid from Stifel, Nicholaus & Co for refinancing bonds to save on the interest rate costs. Over the retirement of the new refunding-- the city will not pay out about $700,000 in interest payments. The interest rate for the 2006 debt was 2.014 percent. Interest rate for refunding the 2009 bonds was 3.0391 percent. North Branch has a bond rating of AA-minus from Standard and Poors.