JSDC Approves Lots Sale, Fargo Co. Jmst. Expansion

Jamestown, ND (KCSi-T.V. News Sept. 11, 2013) — 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 three lots, about 35 acres adjacent to the Cavendish Farms potato processing plant east of Jamestown, at a price of $7,500 per acre.

Kost will be able to access the rail spur line at the site to bring in gravel and other materials.

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..”

The plant will initially employ two people full time and up to eight part time as well as contract with independent truck drivers.

The JSDC Board granted an option to buy two lots in the I-94 Business Park to Kal Patel.

On Wednesday’s (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.

She said Patel is looking for possible tenants, and if found Patel would purchase the lots and move ahead with the project.

His $2,000 option cost is non-refundable if he does not purchase the lots.

The JSDC also gave approval to a $10,000 Flex Pace interest buydown for an expansion to Reister Meats.

Reister Meats operates a slaughter plant at the Reister family farm near Streeter and a retail meat market in Medina.

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.

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.

Ms. Miller also pointed out that Jamestown will host the North Dakota Economic Development Association, Fall Conference October 28-30.

She said about 70-80 individuals will be in Jamestown for the conference.