The Manchester City Council met last night.
The City Council approved a proposed amendment to the Manchester Urban Renewal Area, allowing the use of Tax Increment Financing for a proposed development along Bailey Drive. Developer Joe Hildebrand has completed building a set of condos and would like to build another set. It’s anticipated that the City’s total commitment of incremental property tax revenues will not exceed $150,000. A public hearing was held, with no one speaking for or against the amendment.
The City Council also approved the purchase of a new squad car for the Manchester Police Department. A 2021 Dodge Charger ordered through Runde Auto Group will replace the department’s 2016 Chevy Impala. It was scheduled to be replaced last year, but the order feel through with Dodge. The new car and needed equipment will cost a little over $31,000. The City plans to use the old squad car at the Manchester Municipal Airport as the airport’s courtesy car.
And Manchester City Council has approved a non-binding letter of intent with BR Development LLC for a new retail facility in town. The City has been working with Brian Ridge, BR Development LLC, on the construction on a new 27,000 square foot retail building in the vacant lot between Pizza Ranch across from J’s Auto. The developer has not yet announced what kind of retail store it will be. The $5.5 million dollar investment would bring forty full-time and part-time jobs to Manchester. The letter of intent approved by the City Council last night will be negotiated into a legally-binding development agreement within the next 90 days. The City will provide a 12-year 80% tax rebate for the project – an estimated value of over $1.1 million over that period of time. As part of the agreement, the City will also waive water and sewer connection fees. Construction is expected to get underway this fall, with hopes of opening the store next spring.