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Costco

The Fremont City Council unanimously voted 8-0 to amend the South Fremont Industrial Redevelopment plan in regard to the proposed Costco Poultry Complex.

According to plans submitted to the Fremont Planning Department, the processing plant proposed on 400 acres southeast of the city would grow from 250,000 square feet to 360,000 square feet and an associated hatchery would grow from 75,000 square feet to 85,000. Plans also call for a 32,000-square-foot feed mill.

The expansions would increase the projected cost of the facility from $180 million to $275 million, according to the documents.

Based on the new cost, the development would be eligible for more than $18.3 million in tax-increment financing, almost $5 million more than originally projected.

According to a Fremont city staff report, the new estimate of tax base added to Fremont and Dodge County increases from $63 million to $93 million based on the new cost. The new estimate of public infrastructure improvements and impacts also increases from $180 million to $275 million.

Fremont’s city Planning Commission approved the plans at its Dec. 21 meeting, and recommend the Fremont City Council approve the amendment at its Dec. 27 meeting.

Costco has said the proposed facility would be capable of processing 350,000 chickens a day and would employ 800-1,000 workers. The company hopes to start construction in the spring and have it up and running by 2018.

During a public hearing Tuesday evening, proponents and opponents expressed their views, and representatives from Costco and Lincoln Premium Poultry spoke.

The Council presented a full list of amendments in its Dec. 20 staff report. A summary of project amendments include:

* Both the header and title block were revised to reflect the difference between the original and the amended versions of the project specific redevelopment plan.

*An introductory statement was added explaining that the Amended Project Specific Redevelopment Plan was “amended and restated in its entirety” thus reserving the original redevelopment plan to general redevelopment plan components.

* Under General Project Characteristics, the square footage of the hatchery was increased from approximately 75,000 square feet to 85,000 square feet.

* The square footage of the processing facility was increased from approximately 250,000 square feet to 360,000 square feet.

* A square footage of approximately 32,000 square feet was added to the general description of the feed mill.

* Grading, as a public improvement, was more clearly identified as “extraordinary” grading.

* The dollar value associated with estimated capital investment into the region was increased from $180 million to $275 million to more accurately reflect the increase in project scope.

*The dollar value associated with estimated tax base being added to the greater Fremont and Dodge County area was increased from $63 million to $93 million.

* Under Land Use, Zoning and Building Codes, Population Density, and Property Acquisition, Demolition and Disposal, the requirement for subdivision approval was added, as well as a reference to the changes to street layouts, levels, and grades being illustrated in Figure 7 but that changes may vary based on final design.

* Under Tax Increment Financing, “site acquisition” was stricken.

*Under Exhibit A, an introductory statement was added explaining that the Cost-Benefit Analysis was “amended and restated in its entirety” thus reserving the original redevelopment plan to general redevelopment plan components.

* The dollar value associated with estimated completed project assessed valuation was increased from $71,328,800 to $95,556,000.

*The dollar value associated with estimated tax increment base was increased from $69,105,050 to $93,332,250.

*The dollar value associated with estimated annual projected tax shift was increased from $1,363,490 to $1,835,400.

*The estimated tax levy for this analysis was decreased from 1.973072 to 1.966559 and the basis was revised to reflect the “most current information set forth on the website for the Dodge County Assessor” as opposed to the 2015 Dodge County tax levy.

*The dollar value associated with public infrastructure improvements and impacts was increased from $180,000,000 to $275,000,000.

*The dollar value associated with financing was increased from $13,475,000 to $18,322,000.

*The square footage of the hatchery was increased from approximately 75,000 square feet to 85,000 square feet.

* The square footage of the processing facility was increased from approximately 250,000 square feet to 360,000 square feet.

*A square footage of approximately 32,000 square feet was added to the general description of the feed mill.

*General grammatical corrections and word-smithing.

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