The city of Cambridge is excited to welcome a new business into its Cambridge Opportunity Industrial Park and SE Industrial Park.
During the Cambridge City Council meeting Monday, June 20, the council approved a contract for private development agreement, loan agreement, permissory note agreement and mortgage agreeement with National Recycling, Inc. of Hugo.
City Administrator Lynda Woulfe said staff has been working with NRI over the last several years.
NRI is interested in four sites the city owns in the Industrial Park and NRI plans to build a minimum 40,000 square foot building with driven bays; they would review options for construction of their main building; have weighing scales on site; and have outdoor storage with the necessary screening.
The city is going to sell the land to NRI similar to what is has done on several other projects, for $1, and put it in a TIF district enabling the city to recoup the cost of the land. The city is estimating the land price, 10.5 acres, at approximatey $343,035.
Woulfe reiterated the city is not loaning NRI any funds for this project.
NRI will be retaining seven employees, and hiring 13 employees with a starting wage of $14 per hour and will also provide benefits.
The city will use Ehlers to prepare the TIF plan and a public hearing will be held at the Aug. 16 council meeting.
NRI Owner Rick Mark said he runs a nice, clean business and has never had any fires or injuries with his business.
“We run our business so anyone can come in, and feel comfortable,” Mark said. “We welcome all types of customers and are looking for all aspects of clients.”
Woulfe said there aren’t any enviornmental concerns with engine blocks, transmissions, radiators, batteries, lead or any other metals. She said the business does purchase these items (fluid free), however all items are handlined within the guidelines of the Minnesota Pollution Control Agency, and the business does have an operating permit through the MPCA, regulating these items.
NRI serves the Twin Cities and metro area areas with residential, commerical, and industrial metal recycling. NRI biys all non-ferrous (non-magnetic) metals such as aluminum cans, rims, siding, brass, copper, stainless stell, electric motors, insulated wire and radiators. Ferrous (magnetic) metals can be recycled through NRI as well.
Woulfe noted the needed ordinance amemendment for this project has been approved. However, the conditional use permit process needs to be done yet.