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Estherville City Council $840,000 bond to fund land purchase for industrial park

November 9, 2018
Amy H. Peterson - Staff Writer (apeterson@esthervillenews.net) , Estherville News

At Monday night's meeting, the Esthervillle City also approved a resolution authorizing the issuance of an $840,000 Urban Renewal Tax Increment Revenue (TIFF) bond. The bond will be issued Nov. 15 with a maturity date of June 1, 2029 at a rate of two percent. Northstar Bank in Estherville was the bidder for the project with the lowest cost of issuance. The bond will fund the acquisition of property by the city for an industrial development park of 42 acres.

The council reviewed a proposed new sign for the Avera Holy Family Hospital emergency room addition, and an illustration of what the addition will look like when completed. The council approved a new sign for the south side of the ambulance garage with Avera branding, and a 36 inch diameter red cross on a white background to indicate the emergency room doors, as well as a set of letters lit inside with LEDs spelling, "EMERGENCY" for the east side of the addition.

The council also approved a setback variance for the Iowa Lakes Electric Cooperative building for a total 80,000 square foot butterfly garden for the grounds. A butterfly garden includes foliage and floral plants that attract butterflies and other creatures. ILEC sought a variance to the ordinances that require all grass to be trimmed to less than 10 inches and to have a natural habitat closer than 30 feet to a building or structure.

Article Photos

In other business, the council approved a resolution for up to $75,000 to finance storm sewer improvements related to the property at 1724 Central Ave. These improvements were agreed upon in connection with the future Kwik Star convenience store planned for that location.

The council also approved an amendment to the 2018-19 fiscal year budget for the city after a public hearing.

The council also revised city ordnance sections relating to subdivision regulations, including the revision of pre-application meeting requirements and requirements of the final plat. The council also set a public hearing on bids accepted for the proposal to sell city-owned real estate at 1202 Third Ave. The public hearing will take place Nov. 19 at 5 p.m. during the regular city council meeting.

The council also discussed a proposal from Roy Myers to consider his home at 115 W. First Ave. N. under the FEMA flood program. In a letter, Myers indicated his home floods frequently and is in need of repair.

Under the flood hazard mitigation program, FEMA may fund 75 percent of the cost of acquiring the property with the city and state governments contributing 25 percent.

FEMA does not buy houses directly from homeowners; local and state governments initiate buyout programs and FEMA provides grant funds. According to Jonathan Pogones, Lead Mitigation Project Officer for Iowa Homeland Security and Emergency Management, costs include the market value of the home as well as demolition, closing and project management costs, and the first step would be to hire an appraiser.

 
 
 

 

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