Wells Dairy, Inc. Under contract - In maintenance

Le Mars, Plymouth

Wells' Dairy Inc. will build a new corporate campus to consolidate seven separate buildings in Le Mars.

Financial Incentives
Tax Credit Assistance
  NJIP
    Estimated Value: $4,790,550.00
    Award Date: 6/11/2004
    Project Completion Date: 6/11/2009
    Project Maintenance Date: 6/11/2014
Direct Funding Sources
  GIVF
    $2,928,000.00 (FL)
    Amount Released to Project: $2,928,000.00
    Award Date: 6/11/2004
    Project Completion Date: 6/11/2008
    Project Maintenance Date: 6/11/2014
    Status: Awarded
  PIAP
    $200,000.00 (FL)
    Amount Released to Project: $200,000.00
    Award Date: 6/11/2004
    Project Completion Date: 6/30/2008
  ARC
    $200,000.00 (FL)
    Amount Released to Project: $200,000.00
    Award Date: 6/11/2004
    Project Completion Date: 6/30/2008
GIVF Lead Contract Job Obligations:
Created Retained Average Wage Qualifying Wage Other Created Other Retained Total Jobs
129 346 $30.02 $13.04 0 0 475

Final Job Performance
Created Retained Average Wage Qualifying Wage Other Created Other Retained Total Jobs
0 317 $30.02 $13.04 0 0 317

6/30/2010 Jobs Maintained
Created Retained Average Wage Qualifying Wage Other Created Other Retained Total Jobs
0 0 $30.02 $13.04 0 0 0

Payback:
Amount Owed: $1,251,414.00
Negotiated Settlement: $1,251,414.00
Amount Paid: $1,251,414.00
Amount Outstanding: $0.00

Project Budget:  
Total Project Cost $28,004,000.00
(Contract)  
Capital Investment $25,050,000.00
(Capital Investment is taken from the total Project Cost)
Expenditures
Local Government Amount Spent to date $0.00
IDED Amount Spent To Date $3,328,000.00
Private Amount Spent To Date $24,820,831.00
Total Amount Spent To Date: $28,148,831.00
 
Project Cost By Fund Source
Project Cost By Fund Source Pie Chart