Items for a 37,500 square foot expansion of Bazooka Farmstar, Inc. and a sewer project were approved by the Washington City Council Tuesday.
The council held two public hearings and approved resolutions to adopt an amendment to the Washington Unified Commercial Urban Renewal Area and a development agreement with Bazooka Farmstar. This agreement stipulates that the city agrees to construct the sewer project and the business agrees to a minimum assessment for the expansion of at least $500,000 valuation. The city will use this tax increment to pay back infrastructure costs, and if the assessed valuation for the expansion exceeds $750,000, the city will rebate the incremental taxes over that amount for up to 10 years or $200,000, whichever comes first. The council then approved a notice of public hearing on the plans and specifications to construct a relocated sewer line to serve the Bazooka facility and undeveloped land to the north on June 1st, with award of contract on June 15th. The sewer project is then expected to begin on July 12th with anticipated completion by the end of October.