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Public hearing to establish TIF district for Nu-Tek Biosciences to be held March 15th

The Austin City Council approved a motion at their meeting Monday evening calling for a public hearing on March 15th at 5:30 p.m. for the establishment of tax increment financing district number 15 for Nu-Tek Biosciences.  The Minnetonka-based company is looking to construct a 60,000 square foot facility in Creekside Business Park that will be used for the production of vegetable and yeast-based proteins for the pharmaceutical and food industries. 

In other business, the council approved a construction agreement with MnDOT for the 28th Street bridge reconstruction project slated for this summer.  Public Works Director Steven Lang stated to the council that a Hormel Foundation grant totaling $49,221 will cover the cost of aesthetic improvements for the project, which is expected to last approximately five months.  The Austin City Council also approved extending emergency COVID sick leave benefits for city employees through March 31st, and they also approved a contract with Fox Electric, Inc. of Austin for a LED lighting project at Packer Arena totaling $41,214. 

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