Start of payments would be deferred for an 18-20 month period, he said. He said finding a site is the most difficult challenge to starting this business in Fillmore. He deferred to finance committee members Gunderson and Lee for further comments. Agency Chair Gunderson said the plan is very well put together and includes a very decent list of prospective customers for the press. Even if Mr. Farrell gets 40 percent of these businesses as clients, the business would be viable, he noted.
Operation requires a certain volume of space, including vertical space.
If Mr. Farrell is making a good faith effort to establish the business, the 120-day deadline could be extended. Agency Member Campbell said his main concern is the possibility that the business would not be within the Agency area. City Attorney Myers said redevelopment funds could not be spent on the project if the business is not located within the Agency area. The next step is to go to property owners with a cost estimate to see what financial assistance property owners would be willing to commit. Project would be developed in phases.