Posted: May 17, 2013 City, JAMF strike development deal for downtown office building
By Andrew Dowd, Leader-Telegram staff
Eau Claire will need to provide employee parking and clean up buried soils in an agreement signed Tuesday with a local software company that's planning a new downtown office building.
The City Council voted 11-0 Tuesday on a development agreement with JAMF Software for a four-story office building on Riverfront Terrace, just northwest of RCU's corporate headquarters.
"There were some spirited discussions. It was not an easy negotiation to reach, necessarily," city attorney Stephen Nick said.
The agreement requires the city to provide parking for JAMF employees. The existing Railroad Street public lot and a temporary lot along North Barstow Street will accommodate 145 stalls and the city is required to build a lot for 65 stalls by July 2015.
About $300,000 in soil remediation costs will be paid by the city, which it had already agreed to when RCU previously contemplated building on the same site.
For the city, the direct benefit will be the taxable 65,000-square-foot building JAMF committed to in the agreement. It's projected to be worth $8 million to $10 million and the contract requires at least $7 million in value by 2015.
And before the city would build a parking ramp nearby - something both JAMF and RCU have lobbied for - the new office building must be worth at least $8.5 million, according to the agreement.
Property taxes on the new building are estimated to be about $209,000, city economic development administrator Mike Schatz said.
The building will initially accommodate about 210 employees, but will have capacity for a total of 300.
The company currently employs about 200 people throughout the world - half work in Eau Claire, said Julia Johnson, JAMF spokeswoman. It's workforce has been growing rapidly ever since UW-Eau Claire graduates started it 11 years ago.
"We expect to hire 50 people in next year in Eau Claire," Johnson said.
Council also approves plans for South Barstow Street Construction and downtown parking lot
- After a three week delay to get input from business leaders, the City Council still voted 11-0 to approve original plans for this summer's downtown road project. The council approved $1.76 million in bids for road work, new sidewalks, decorative brick pavers, lighting, irrigation, landscaping and a new outdoor sound system for five blocks of South Barstow Street.
- A $184,837 bid from Haas Sons of Thorp to pave a temporary parking lot at the corner of N. Barstow and Wisconsin streets was approved in a 11-0 vote. The bid includes $24,380 for an electronic system limiting workday access to authorized downtown business employees, but allowing the general public to park there on evenings and weekends.