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Council approves cooperation agreement for Hanco Utilities site in Winter Street industrial park
Summary
The council approved a cooperation agreement with the Redevelopment Authority to support Hanco Utilities’ planned site in the Winter Street industrial park; staff described a roughly 4.4-acre site, a 7,000–8,000-square-foot office building, and plans to retain about 50–75 employees, with construction expected to begin in October.
The City of Superior approved a cooperation agreement with the Redevelopment Authority and accepted the Redevelopment Authority’s report on a development agreement with Hanco Utilities Inc., clearing the way for Hanco to locate in the Winter Street industrial park.
Planning Director Zurich described the site as roughly 4.4 acres on a new road paralleling Winter Street near the Kestrel location, with a cul-de-sac at the end. Zurich said Hanco Utilities — a contractor that performs underground boring, utility installation and related services — plans a modest office building and outdoor equipment pads as a central location for operations.
Zurich described the company’s local presence and estimated employment “about 50 to maybe 75 employees,” with a building of roughly 7,000–8,000 square feet and an anticipated construction start in October. He told the council the redevelopment assistance package would include a land sale and tax-increment financing or rebate components; staff described the overall project as “about a million dollar project.” Some precise dollar figures mentioned during the presentation were unclear in the record; staff indicated details are in the redevelopment authority report the council approved.
Councilors voted in favor of the cooperation agreement on a voice vote.
