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City of Marshall Development Proposal to Ralco Nutrition, Inc.

City of Marshall Development Proposal to Ralco Nutrition, Inc. November 1 3 , 2012. City Provided Land. Conveyance of 14.449 acres of land. Sonstegard Subdivision II: Block 1, Lot 1 100% Grant to Ralco Nutrition, Inc. for a land value of $361,225 to begin construction by July 1, 2013.

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City of Marshall Development Proposal to Ralco Nutrition, Inc.

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  1. City of Marshall Development Proposalto Ralco Nutrition, Inc. November13, 2012

  2. City Provided Land • Conveyance of 14.449 acres of land. • Sonstegard Subdivision II: Block 1, Lot 1 • 100% Grant to Ralco Nutrition, Inc. for a land value of $361,225 to begin construction by July 1, 2013. • Market value $361,225. (page 11) • See diagram 1A. • 100% Grant to Ralco Nutrition, Inc. with provision for full value purchase or claw-back if com.

  3. City Provided Infrastructure • Extension Lake Road completed 2011. • All public utilities completed 2011 (water, sanitary sewer, stormwater, electric, streetlighting). • Special Assessments $976,157.02 (page 11) • 100% Grant to Ralco Nutrition, Inc. with provision for full value purchase or claw-back if commitments are not made.

  4. Diagram 1A

  5. Development Plan • Ralco Construction Details • 10,000 square foot warehouse • Job retention of 6 FTE’s based on the new facility

  6. Right of First Refusal • First Right of Refusal on 11.02 acres of land. • Sonstegard Subdivision II: Block 2, Lot 3 – 11.02 Acres • See diagram 2A. • Right of First Refusal in effect until January 1, 2018 (page 15). • City of Marshall participation will be determined based on development agreement.

  7. Diagram 2A

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