The Brooklyn Business Complex, located on the east edge of Brooklyn along Hwy. 92, is set to enter Phase 2 as soon as a sale of a bond is approved and finalized by the village board.
The completed Phase 1 consisted of a 10-acre parcel and has four businesses -- O&A Manufacturing, Northern Metal & Roofing Co., Capital City Culverts and Caliber Custom Cabinetry, Inc.
In all, three phases are envisioned for the complex. The approved Phase 2 will be around 35 acres and Phase 3, if approved, would be 50 acres.
The land purchased for Phase 2 is the rest of the annexed land located in the Tax Incremental District (TID) 2, village clerk Linda Kuhlman told the Observer.
The borrowing for the purchase is set to be $1.12 million, Kuhlman said, and will be funded through the sale of a bond through the general market.
The borrowing total was approved at the Nov. 8 village board meeting, while the board is set to approve the sale of the bond at the Dec. 13 meeting, Kuhlman said.
The village has signed an offer with the owners for the property and the deal is expected to close by Dec. 30, she said.
But how many businesses will join the current four remains to be determined, Kuhlman said, and depends on the kinds of businesses that express interest and how much land or space those interested businesses want.
Out of the nearly 35 acres planned for Phase 2, some land will be needed for roads and a stormwater basin, as well as a sanitary sewer lift station.
So far, O&A Manufacturing has expressed interest in land for expansion, while another undisclosed business is “interested in a substantial portion,” Kuhlman said.
The lots range from one to five acres with expansion potential and are zoned B-P (Business Park), with allowed uses including, but not limited to office, biotech, light manufacturing, assembly and distribution.
The first lot in Phase 1 sold in 2015, Kuhlman said.