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HomeMy WebLinkAboutFW_ Taylor Corp Annexation LetterFrom:Matt Nielson To:Natalie Powell; Scott Johnson; Stephen Zollinger; Spencer Rammell; Katie Saurey; Alan Parkinson Subject:FW: Taylor Corp Annexation Letter Date:Monday, October 7, 2024 10:39:01 AM Attachments:Taylor Corp Annexation letter.pdf image002.png image001.png Natalie, Here is the information I had sent over to Jason Greenfield at Artco back in August regarding the annexation. The tax analysis is below as well, but the tax increase netted against the utility savings would be right around that $20 K per year mark not including personal property taxes if that even applies. As mentioned we never heard back from Jason, even though we spoke to him on the phone and delivered the attached information on this email thread. Let me know if you have any questions. Much Appreciated Matt Matthew K Nielson Chief Finance Officer Financial Management mattn@rexburg.org 208-372-2343 Rexburg.org | Engage.Rexburg.org From: Matt Nielson Sent: Tuesday, August 13, 2024 3:35 PM To: jason.greenfield@taylor.com Cc: Scott Miller <scott.miller@rexburg.org>; Alan Parkinson <alan.parkinson@rexburg.org>; Stephen Zollinger <Stephen.Zollinger@rexburg.org>; Keith Davidson <Keith.Davidson@rexburg.org>; Jerry Merrill <jerry.merrill@rexburg.org> Subject: FW: Taylor Corp Annexation Letter Jason, Thanks for calling back today. As mentioned, we had attempted to reach the right person at Taylor Corp and Scott Johnson had met with Eduardo Paredes at the local office here in Rexburg. Eduardo had asked for the general information to forward onto his Supervisor(s). We had also mailed the attached letter. Scott had not heard anything back from Eduardo, so he called the 1-800 number and someone at your corporate office investigated it and called us back with your contact information. The City proposes to annex your property located at 360 Stationary Road where the business has been using city services for some time now (Those services include sewer, road, traffic signal, etc). The property is also surrounded significantly now by the city. The letter is attached. Keep in mind that the dates will change. We are hoping to take the annexation request from the City to the Planning and Zoning Commission on October 3rd. This would be the only public hearing anticipated. If recommended by the Commission to annex, then it would go to the City Council for their approval or denial on the 16th of October and follow up readings in our November meetings. As mentioned on the phone we would welcome a conversation with your team, and I can coordinate that over a zoom call if you want to send us over some dates and times of availability. See my analysis below regarding the annexation. When annexed you will no longer need to pay the higher utility cost for sewer. Based on my estimation that should save close to $3,400 dollars per year bringing the net increased cost to annex to about $20,000 per year. The same percentage would likely apply to any taxes you are paying for personal property, and you could reach out to the Madison County Assessor’s Office to determine if there would be an additional cost there. Artco will also have the option to pay to connect to water services if you choose to in the future and your monthly billing would be at the normal or lower in-city rate if you choose to connect. Thanks Matt Matthew K Nielson Chief Finance Officer Financial Management mattn@rexburg.org 208-372-2343 Rexburg.org | Engage.Rexburg.org From: Scott Johnson Sent: Tuesday, July 30, 2024 12:16 PM To: eduardo.paredes@taylor.com Cc: Alan Parkinson <alan.parkinson@rexburg.org> Subject: Taylor Corp Annexation Letter Eduardo, This is Scott Johnson form the City of Rexburg. I met you a few weeks ago at your Rexburg facility. I promised to send you information on annexation of the Taylor Corp property into the City of Rexburg. I sent an email earlier, but wonder if I may have misspelled your email. I apologize if you did not receive it. Attached please find the Annexation letter. I have also asked our CFO to include the chart below that shows estimates on the new property taxes. We would like to have a conversation with your leadership this week if possible. Please let me know when a good time is to set up a meeting with you and your team. Regards, Scott W. Johnson Director Economic Development & Public Affairs scott.johnson@rexburg.org 208-359-3020 Rexburg.org | Engage.Rexburg.org CONFIDENTIALITY NOTICE: This e-mail is intended only for the personal and confidential use of the individual(s) named as recipients (or the employee or agent responsible to deliver it to the intended recipient) and is covered by the Electronic Communications Privacy Act, 18 U.S.C. §§ 2510-2521. It may contain information that is privileged, confidential and/or protected from disclosure under applicable law including, but not limited to, the attorney client privilege and/or work product doctrine. If you are not the intended recipient of this transmission, please notify the sender immediately by telephone. Do not deliver, distribute or copy this transmission, disclose its contents or take any action in reliance on the information it contains.