In a letter to the city, Hamilton Caster President David Lippert told officials the 145-foot-long piece of Lincoln now is surrounded on three sides by Hamilton Caster property.
“Owning this parcel will be instrumental to immediate and long-term development of the property,” he wrote.
Associate city planner Ed Wilson wrote to council that abandoning the roadway strip and providing it to the company “will allow for the creation of a single campus for Hamilton Caster.”
MORE: Developers approaching Hamilton, wanting in on Spooky Nook growth
Economic Development Director Jody Gunderson, in recommending the $200,000 grant, noted one of the current buildings the company uses is “not ideal for modern manufacturing practices.”
Among the issues with the building the company wishes to replace, Lippert told the Journal-News, is a difference in floor levels within the structure, and low-hanging ceilings in a basement level.
“The purchase, environmental remediation, and demolition of the Hamilton Inn property in addition to the construction of a new 50,000-square-foot building, increased the overall project cost,” Gunderson wrote. “As a result, the city would like to offer a $200,000 recoverable grant to Hamilton Caster to assist in these additional project costs.”
The company now has 84 full-time workers, and plans to hire 10 more over three years with the expansion into the new building.
MORE: What’s driving Hamilton new housing boom?
Gunderson said the city will sign an economic-development agreement with the company outlining the terms of the pact. The grant will be forgivable “only if certain performance criteria are met at the Dixie Highway site,” he added.
“The company has pledged to work very hard to attract and hire people from Hamilton, when possible,” Gunderson wrote.