HomeMy WebLinkAbout1992-10-27 MinutesMINUTES OP A BOARD OF DIRECTORS MEETING
A special meeting of the Fayetteville City Board of Directors was
held on Tuesday, October 27, 1992, at 4:00 p.m. in the Directors'
Room of the City Administration Building at 113 West Mountain
Street, Fayetteville, Arkansas.
PRESENT: Mayor Fred Vorsanger; Assistant Mayor Mike Green;
Directors Ann Henry, Dan Coody, Julie Nash, and Shell
Spivey; City Manager Scott Linebaugh; City Attorney Jerry
Rose; City Clerk Sherry Thomas; Director of Public Works
Kevin Crosson; Director of Administrative Services Ben
Mayes; Director of Planning Alett Little; members of
staff, press, and audience.
OTHERS PRESENT: Acting Governor Jim Guy Tucker and Senator David
Malone
ABSENT: Director Bob Blackston
CALL TO ORDER
Mayor Vorsanger called the meeting to order with six directors
present. Mayor Vorsanger stated the purpose of this meeting was to
ratify the commitments that have been made to Superior Industries
while discussing Superior's expansion in the Industrial Park.
SUPERIOR INDUSTRIES
Mayor Vorsanger stated Superior Industries is announcing their
plans to make a major addition to their present facilities. He
read a memo prepared by City Manager Linebaugh which outlined the
conditions that the Board is being requested to ratify at this
meeting:
The City will provide funding for a traffic light at the
intersection of State Highway 16 and Armstrong Avenue
which was recently approved by the Arkansas Highway and
Transportation Department. The cost of that signal will
be approximately $20,000. These funds will be taken from
the current funding for traffic signals out of the
General Fund.
The City will provide funding to place water and sewer
service lines and back-flow prevention devices to the new
building from existing service in City right of way. The
City will allocate out of its General Fund Balance the
amount necessary to install these lines. The City's
portion for this project shall not exceed $80,000.
The City will continue improvements on Commerce Drive to
the point where a cul-de-sac is shown in the plans. This
will finalize the end of Commerce Drive. It will be
funded from existing funds designated for street
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October 27, 1992 1
improvement. The estimated cost of completion of this
road is $130,000.
The City will convey to Superior Industries approximately
5 acres which will be used for a parking lot from the
Industrial Park Fund. The value of the land is estimated
to be $100,000. The cost of the land from the City is
$36,200 at $7,239 per acre average cost for the land
purchased by the City.
The aforementioned items comprise a total package of improvements
to the industrial park and Superior of approximately $330,000. The
proposal is predicated on Superior Industries building a 285,000
square foot expansion at an investment of approximately $30
million.
Mayor Vorsanger pointed out there was a schedule of benefits
attached to the memowhich includes -approximately 300 new jobs in
Fayetteville, an aggregate personal income of $7,715,400, retail
sales of $5,850,600;. and increase -.in retail establishments,
nonmanufacturing jobs, a population; increase, family units
increased, and increased school enrollment.
In addition, Mayor Vorsanger pointed -Out the additional taxable
income of approximately,$283,800 per year to the city and county is
one of the most important benefits of the Superior expansion.
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Mayor Vorsanger stated Governor Jim Guy Tucker was attending this
meeting and would be "holding a press conference immediately
following the Board meeting.
City Attorney Jerry -Rose read,tke resolution:
Green, seconded by Henry, Made a'motion'to approve the resolution
to ratify the agreements made with Superior Industries.
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Jim Crider, Economic Development' Coordinator with the Chamber of
Commerce, addressed thfloard with the announcement that Superior
Industries of Van Nuys, California, had made a decision to not only
stay in Fayetteville -but to build a 285;000 square foot expansion
to their present facility at an investment of over $30 million. He
stated 1.2 million wheels are produced at the current plant, and an
additional 1.5 million wheels will be produced after the expansion
making a total of 2..7 millions wheels annually. Wheels from the
new expansion should be rolling off -the assembly line the third
quarter of 1993. The building expansion is being designed to allow
for even more expansion in the future. Mr. Crider stated Superior
is a valued corporate citizen of Fayetteville. By staying and
expanding in our community, Superior is giving Fayetteville a vote
of confidence in our economic future, leadership qualities,. and in
the citizens.
October 27, 1992
Mr. Crider stated continued economic development will pay big
dividends to our community. He stated this expansion is the result
of many long hours of work by Superior Industries, the City, and
the Chamber of Commerce. He praised the efforts of City Manager
Scott Linebaugh and City Staff for their efforts in working with
this Chamber/City joint effort.
Upon roll call, the lotion to approve the resolution vas approved
by a vote of 6 to 0.
RESOLUTION 171-92 AS RECORDED IN TEE CITY CLERK'S OFFICE
ADJOURNMENT
The meeting adjourned at 4:16 p.m.
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