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Council votes to support ADM's New Markets Tax Credit financing application
Summary
Council approved a resolution backing Archer Daniels Midland Company's New Markets Tax Credit financing application; councilmembers asked about effects on local reclamation and wastewater but staff said the expansion is internal and projected water use would not exceed local thresholds per the application.
The council approved a resolution supporting Archer Daniels Midland Company’s application for New Markets Tax Credit financing. Council member Turpin moved the resolution and raised questions about how the ADM expansion might affect the local reclamation facility and wastewater flows.
Staff described the ADM work as an internal expansion and said the application indicates projected water usage is not expected to exceed thresholds enforced by local utilities or environmental regulations. Council members requested staff follow up with more precise figures about wastewater generation because the application document alone did not specify exact amounts. The motion passed by roll call.
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