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Cass County Supervisors to continue discussion w/regard to ethanol plant proposal

News

November 29th, 2016 by Ric Hanson

The Cass County Board of Supervisors, Wednesday morning, will continue discussion they had last week, with regard to an ethanol plant proposal/development agreement. Last week, the Board went over a request from Elite Octane, LLC ethanol plant representatives, for a financial assistance package from the County, but took no action. Instead they wanted lawyers for the County and Company to come together to present some solid numbers on what the County’s obligations would be.

Elite Octane wants to construct an ethanol plant in Cass County, and requests to use property tax revenues generated by the increase in valuation due to construction of the facility (Tax Incremental Finance) for the project. The Board, Wednesday, is also expected to schedule a public hearing on a development agreement with Elite Octane, and an amendment of the Amaizing Energy Urban Renewal Area that would add Elite Octane site parcels, along with acting on a possible Resolution setting public hearing dates.

The Cass County Board of Supervisors meeting begins at 8:30-a.m., Wednesday, at the Cass County Courthouse, in Atlantic.