Four Seasons Carwash Alexandria LLC: Partners in a car wash will be purchasing 1.76 acres of land on 44th Avenue West in Alexandria to become the site of an all-season car wash. GAP financing of $50,000 was utilized from the Greater Alexandria Industrial Network for assistance with the initial equity in the purchase of the land. Total project costs are $4.3 million.
Central Lakes Apartment Workforce Housing: In 2018, the Alexandria City Council selected D. W. Jones, Inc. as developer of a workforce housing project in Alexandria. The Workforce Housing Development Program requires at least a $1 match for every $2 provided in Workforce Housing Development Program funds. The City of Alexandria approved a $539,402 TIF note as their local match to the project. This multi-family housing project is on 2.05 acres of land owned by the HRA. The structure will be a three-story building with an elevator and 36 units. 20 % of the units are occupied by individuals whose incomes are no more than 50% of the Area Median Income for Douglas County. Total project costs are $5.6 million.
Reprocessed Plastics, Inc: RPI, located at 8301 County Road 82 NW in Garfield, constructed a 13,000 square foot addition to their facility to increase their ability to recycle HDPE waste into industrial products. Garfield supported a resolution of support of RPI’s application for a Job Creation Fund destination through MN DEED. JCF is a pay-for-performance program that provides financial benefits after job creation and capital investment thresholds have been met. RPI committed to $640,000 of capital expenses and 20 new positions of at least $13.61 per hour.
Industrial Land: GoodNeighbor Properties, LLC purchased three LAEDA owned industrial lots to construct a 45,000 square foot facility that will include warehouse space for GoodNeighbor Properties, LLC. Construction will begin in 2020 and be completed by 2021. Estimated property value upon completion is $2.8 million.
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