The Stutsman County Commission approved a request Tuesday from Marvel Homes for a Flex Pace interest buy down, contingent on problems with a storm water permit for the property being rectified.
The commission approved the Flex Pace agreement with Marvel Homes, where the county and city of Jamestown will pay $43,000, with the county paying $34,400 and the city paying $8,600. Those funds will be used to help in the construction of an office for Marvel Homes. The office will be located at 8121 36th St. NE, near where Interstate 94 and U.S. Highway 281/52 Bypass meet.
The approval is contingent on Marvel Homes Owner Corey Bayer fixing problems with storm water permits for the property before any money is given for the agreement.
Bayer said Tuesday the property received 11 inches of rain this spring, and he is waiting until the property is dry enough so he can hire contractors to fix the problem with a silt fence.
“The silt fence will be taken down and repositioned so we can work more freely,” Bayer said.
Casey Bradley, county auditor and chief operating officer, said it was his recommendation that the commission approve Marvel Homes’ request with conditions. All Flex Pace interest buy down requests start with the Jamestown/ Stutsman Development Corp. Bradley said the JSDC requires that any project that is approved for a Flex Pace interest buy down must be in compliance with local, state and federal government permits before any money is given.
Connie Ova, CEO of JSDC, said due to the amount of time it takes to get a Flex Pace interest buy down agreement approved with attorney reviews and approvals from the county and city, the JSDC wants the county and the Jamestown City Council to approve Marvel Homes’ request.
In other business, the commission approved:
* an agreement between the JSDC and UTC Aerospace Systems for UTC to pay $241,790 for failing to hire 84 full-time employees by Dec. 31, 2010, as part of a job incentive grant offered by the JSDC. UTC, formerly Goodrich, entered into an agreement with the JSDC in 2006 to create jobs for 84 full-time employees by December 2010 in exchange for receiving $440,000. DeAnn Brunner, JSDC business development coordinator, said since UTC pays wages that are 79 percent higher than the original 2006 agreement required, the JSDC recommended the $241,790 amount. Brunner said UTC may pay the $241,790 in one payment by Aug. 31, or make monthly payments through the end of the year. If the $241,790 amount is not paid in full by the end of the year, UTC would be required to pay back the full $440,000 grant amount.
* a similar agreement with Precision Results. The company had secured a job incentive grant of $32,523 with the JSDC to create 21 full-time employees by Dec. 31, 2011. The JSDC is recommending Precision Results pay $10,732.84 of the grant back, either in a lump sum by Aug. 31 or in monthly payments by the end of the year.
* accepting an emergency management performance grant through the North Dakota Department of Emergency Management for $65,437. Stutsman County Emergency Manager Jerry Bergquist said the grant funds will be used to help pay for the salaries and wages of himself and two other county emergency management employees.
Sun reporter Chris Olson can be reached at 701-952-8454 or by email at email@example.com