According to the resolution, the city is applying for a $1 million grant from the federal Economic Development Administration for funds to improve railroad infrastructure, including a rail spur and access track to be constructed on the city’s property that will remain owned by the city but maintained via a lease agreement by Nufab Rebar LLC.
“Nufab has not officially announced they are coming to Riverside,” Mayor Rusty Jessup said. “We are in current negotiations and have just a few loose strings to get tied down before the official commitment is sealed.”
According to the resolution, Nufab Rebar LLC has agreed to pay a match not to exceed 20 percent to the city of Riverside for the required grant match.
Jessup said the city has agreed in principle to a tax abatement for Nufab Rebar LLC, which is a fabricator of concrete reinforcing steel and related products.
“That is one of the things we’re working on, but as with the entirety of the project, all these things have to happen at almost the exact same time,” he said. “Right now, we think that time will be within the next two weeks.”
Jessup said city officials will attend the Industrial Access Board meeting next week, another vital step in the process.
“This is a big step for Riverside,” he said.
In other matters, the council:
• Re-approved the same agreement the council approved last year with St. Clair County for paving work on Sprayberry Road.
• Agreed to move forward with the sewer plan.
• Announced a work session at 6 p.m. Tuesday, March 13, at City Hall.
• Announced the Riverside Beautification Organization pancake breakfast is 7:30-9:30 a.m. Saturday, March 17, at the Riverside Storm Shelter.
• Announced the dumpster for the town cleanup is at City Hall March 14-21. No tires or liquid flammables may be put in the dumpster.
Contact Elsie Hodnett at email@example.com.