The Cass County Board of Supervisors, Wednesday, will continue with discussion pertaining to a proposed ethanol plant and related development agreement. During their meeting last week, proposals from Elite Octane were discussed for incentives to construct an ethanol plant in Cass County. The plant would be funded through Tax Increment Financing (TIF), with the future property tax to be paid by Elite Octane.

An initial proposal made by Cass County was not accepted. After lengthy discussion of the two options proposed by Elite Octane, it was decided to consult legal counsel and to not schedule a hearing regarding a development agreement. During Wednesday’s meeting, the Supervisors are expected to act on a Memorandum of Understanding with Elite Octane.

The Supervisors are also expected to act on a Resolution to set a hearing date on Amending the Amaizing Energy Urban Renewal Area by adding Elite Octane site parcels, and a Development Agreement with Elite Octane.

Their meeting begins at 8:30-a.m.