{"id":26984,"date":"2013-09-10T07:42:35","date_gmt":"2013-09-10T12:42:35","guid":{"rendered":"http:\/\/csinewsnow.com\/?p=26984"},"modified":"2013-09-11T13:51:24","modified_gmt":"2013-09-11T18:51:24","slug":"jsdc-approves-lots-sale-fargo-co-jmst-expansion","status":"publish","type":"post","link":"http:\/\/csinewsnow.com\/?p=26984","title":{"rendered":"JSDC Approves Lots Sale, Fargo Co. Jmst. Expansion"},"content":{"rendered":"<p><a href=\"http:\/\/csinewsnow.com\/wp-content\/uploads\/2012\/12\/MillerHolly.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft size-full wp-image-8818\" alt=\"MillerHolly\" src=\"http:\/\/csinewsnow.com\/wp-content\/uploads\/2012\/12\/MillerHolly.jpg\" width=\"115\" height=\"115\" \/><\/a>Jamestown, ND (KCSi-T.V. News Sept. 11, 2013) &#8212; The Jamestown\/Stutsman Development Corporation Board of Directors has approved a land purchase from the JSDC to Kost Materials, presently operating in Fargo.<\/p>\n<p>The business plans to operate a cement ready mix plant and aggregate gravel operation near Jamestown.<\/p>\n<p>Kost Materials is buying three lots, about 35 acres adjacent to the Cavendish Farms potato processing plant east of Jamestown, at a price of $7,500 per acre.<\/p>\n<p>Kost will be able to access the rail spur line at the site to bring in gravel and other materials.<\/p>\n<p>The company plans to begin work on a $1.9 million privately financed facility this fall with cement ready mix and gravel operations slated to begin next spring..&#8221;<\/p>\n<p>The plant will initially employ two people full time and up to eight part time as well as contract with independent truck drivers.<\/p>\n<p>The JSDC Board granted an option to buy two lots in the I-94 Business Park to Kal Patel.<\/p>\n<p>On Wednesday\u2019s (Sept 11, 2013) Wayne Byers Show, on CSi Cable 2 the Jamestown\/Stutsman Developement Corporation, Marketing and Workforce Developer, Holly Miller said, the agreement gives Patel a six-month option to purchase lots located next to the current Stutsman Harley-Davidson building.<\/p>\n<p>She said Patel is looking for possible tenants, and if found Patel would purchase the lots and move ahead with the project.<\/p>\n<p>His $2,000 option cost is non-refundable if he does not purchase the lots.<\/p>\n<p>The JSDC also gave approval to a $10,000 Flex Pace interest buydown for an expansion to Reister Meats.<\/p>\n<p>Reister Meats operates a slaughter plant at the Reister family farm near Streeter and a retail meat market in Medina.<\/p>\n<p>The Flex Pace interest buydown reduces the interest expense on the loan and then is repaid to the JSDC after the term of the original loan.<\/p>\n<p>The JSDC also agreed to contract with KLJ Engineering for an updated strategic plan for the organization,at a cost of $3,000 plus travel costs incurred while meeting with local officials.<\/p>\n<p>Ms. Miller also pointed out that Jamestown will host the North Dakota Economic Development Association, Fall Conference October 28-30.<\/p>\n<p>She said about 70-80 individuals will be in Jamestown for the conference.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Jamestown, ND (KCSi-T.V. News Sept. 11, 2013) &#8212; The Jamestown\/Stutsman Development Corporation Board of Directors has approved a land purchase from the JSDC to Kost Materials, presently operating in Fargo. The business plans to operate a cement ready mix plant and aggregate gravel operation near Jamestown. Kost Materials is buying [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":27116,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25,14],"tags":[],"class_list":["post-26984","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-jamestown"],"_links":{"self":[{"href":"http:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/posts\/26984","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"http:\/\/csinewsnow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=26984"}],"version-history":[{"count":8,"href":"http:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/posts\/26984\/revisions"}],"predecessor-version":[{"id":27115,"href":"http:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/posts\/26984\/revisions\/27115"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/csinewsnow.com\/index.php?rest_route=\/wp\/v2\/media\/27116"}],"wp:attachment":[{"href":"http:\/\/csinewsnow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=26984"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/csinewsnow.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=26984"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/csinewsnow.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=26984"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}