Council tables frozen-yogurt store loans

Talk about it

The Jamestown City Council put a project to build a new frozen yogurt operation on ice for another month Monday.

The council voted during its regular meeting Monday to table the Flex Pace interest buy down for the Cherry Berry operation until its Sept. 4 meeting.

“I introduced a survey that the Chamber of Commerce has done on the topic,” said Dan Buchanan, city councilman. “It was a lot of information to go through and it was appropriate to give everyone time to sort through it.”

The online survey had asked questions such as “would you patronize a frozen yogurt shop?” and “are there any other choices you would like to see in Jamestown?”

The survey was conducted from June 15-20 and had about 200 respondents.

The Flex Pace interest buy down would provide up to $54,000 in loan money from the Jamestown/Stutsman Development Corp. and a $100,000 grant from the Bank of North Dakota to reduce the interest rate paid by the project developer by up to 5 percent.

In other news, the City Council referred a request to purchase four lots back to the Jamestown Finance and Legal Committee at the request of the purchaser. Tim Dabill said he had not decided how he wanted to plat the lots, which was one of the requirements of the purchase as negotiated.

The council also denied a request to vacate a portion of the Seventh Street Northeast right-of-way to allow the property owners to erect a fence. They were instead issued a license to place a fence on the street right-of-way as long as they met certain conditions.

The council also gave final approval to the special assessment districts for the Quiet Zone and downtown railroad parking lots. The payments for homeowners with lots of about 7,000 square feet are estimated to be less than $3 per year per project for 10 years.

The City Council also scheduled two special meetings for next week. At 4 p.m. on Aug. 14, the City Council will meet to authorize the sale of bonds to finance projects done in Jamestown in 2011. From 1 to 5 p.m. on Aug 15, the council will meet to hold preliminary budget discussions with department heads.

Sun reporter Keith Norman can be reached at 701-952-8452 or by email at knorman@jamestownsun.com

Tags: local news, news, council