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Gold Mechanical eyes PIC West
8th November, 2005

Development continues at the Partnership Industrial Center West.

At its Oct. 31 meeting, Springfield City Council approved a bill authorizing more than $1.4 million in the fiscal year 2005-2006 Public Works Department budget to make infrastructure improvements at the center.

The money will pay for the city’s portion of a $2.28 million project that includes extending Alliance Street north of Division for more than 2,500 feet, along with necessary storm water improvements.

The road extension allows for a new tenant in the center. Gold Mechanical Inc., 700 N. Miller St., has plans to build a new facility on Division Street in the center, just west of the Catholic cemetery.

While Gold Mechanical President Dwain Gold could not be reached for comment, Karl Plumpe, associate general manager for economic development with City Utilities, said the deal has been approved. He said the plan will be submitted when the street is complete.

He added that there are other potential tenants in discussions with PIC West organizers; the lots in which they’re interested also would utilize this road extension.

According to the contract that created the center, the city provides sanitary sewer service and 60 percent of the cost of storm water, sidewalks and street improvements.

The costs will be repaid through money received from the sale of the property – first to the city and the Small Business Development Corp. to cover their costs in acquiring the land, and then on a pro rata basis to the city and county funds that covered the infrastructure improvements.

The $1.4 million approved is just part of the funding for the infrastructure of the entire industrial center; total infrastructure costs are estimated at $8.7 million, more than half of which will come from city coffers.
“We did a cost estimate when the park started,” Plumpe said. “We said, ‘Here’s the budget for doing it all at one time.’ What the city has chosen to do is to fund it in phases as the park develops. So as we’ve now reached another phase, that’s when they’re seeking the funding.”
Also at the meeting:
• Council put its support behind the Community Safety Initiative, which Greene County citizens will vote on Nov. 8. The initiative, if passed, would assess a one-quarter cent sales tax for purchases made in the county, half of which would sunset after five years.

Release link:  http://www.sbj.net/
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