The Cass County Board of Supervisors will meet twice this coming week. The Board is scheduled to meet 8:30-a.m. Monday (Dec. 19th), to act on approving a Resolution “Providing initial authorization of AGREEMENT FOR PRIVATE DEVELOPMENT with Elite Octane, LLC.

Last Wednesday, the Board approved a Resolution expressing intent to provide economic development support for the Elite Octane, LLC ethanol plant development project. The Company has requested that the County provide financial support to help to defray the costs of the Project, through a series of incremental property tax payments to be derived from the Property for a period of 15-years. The Company has also requested that the County undertake the planning, design and construction of certain road and grey water sewer system improvements necessary for the development of the Project.

A Development Agreement would indicate the County intends to support the Company in the undertaking of the Project, and making provisions for the funding of the Payments, as well as other statutory processes, including authorizing the issuance of General Obligation Bonds in order to pay the costs of constructing the Public Improvements Project.

The other Cass County Board of Supervisor’s meeting will be held Wednesday morning at 8:30-a.m. The agenda for that meeting has not yet been made available.