BEATRICE – The Homestead Junction Redevelopment Project has gained approval of the Beatrice City Council. A development company is proposing new business uses for the former Store Kraft Manufacturing property, where buildings have been torn down in recent months.
City Administrator Tobias Tempelmeyer says the specific new uses for the property are yet to be determined.
:17 “and progress”
The modification of redevelopment area number four in Beatrice has been before the Community Redevelopment Authority and Planning and Zoning Commission.
The plan would go before the C-R-A again, once a defined redevelopment agreement is formulated. The project will use tax increment financing to assist in paying for site acquisition and preparation, along with some additional utilities.
:10 “you reapply”
The council approved the redevelopment plan modification on a 7-0 vote, with one member absent.
Elected officials also terminated a development agreement signed in February of 2002 between the City, BBC Building LLC and the Southeast Community College Foundation. That agreement involved the Beatrice Business Campus Building, which Southeast Community College is purchasing. The college plans to use the building in its Agriculture Program. A fourth party to the original agreement, Gage County Economic Development, no longer exists.
Council members also approved a $13,000 loan to a Beatrice couple for a downtown building improvement project, in conjunction with a state grant program. It is the sixteenth project out of a pool of seventeen eligible under the grant program.