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News


03/21/2017

THE FAIRMONT ECONOMIC DEVELOPMENT AUTHORITY MONDAY APROVED AN OPTION TO PURCHASE LAND FOR POSSIBLE DEVELOPMENT JUST OFF I-90 ON COUNTY ROAD 39 NORTHWEST OF FAIRMONT. ECONOMIC DEVELOPMENT COORDINATOR LINSEY PRUESS SAYS THE CITY HAS BEEN WORKING ON THE PROJECT FOR A YEAR KNOW BECAUSE OF INQUIRIES ABOUT AVAILABILITITY OF BUILDABLE LAND. THE AGREEMENT WITH LANDOWNER DAVID MESCHKE HAS F E D A PAYING 12,000 DOLLARS FOR A SIX YEAR OPTION TO PURCHASE. IF F E DA EXCERCISES THE OPTION IT WILL THEN PAY 19,250 DOLLARS PER ACRE. F E D A PLANS TO COMPLETE AN ENGINERING STUDY ON THE PROPERTY TO ESTIMATE THE COST OF INSTALLING UTILITIES AND THE BOARD AGREED TO MARKET THE PROPERTY WITH A REQUIREMENT THAT A BUYER PURCHASE AT LEAST HALF THE LAND.

F E D A ALSO APPROVED A 30,000 DOLLAR LOAN FOR TMEYER INC., SPECIALIZING IN AUTOMOTIVE MACHINE WORK AND PARTS THAT ARE SOLD WORLDWIDE,WHICH HOPES TO EXPAND TO INCLUDE ENGINE BLOCKS. THE EXPANSION IS EXPECTED TO ADD ONE FULL AND ONE PART TIME JOB.


ROD HALVORSEN
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