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World Biofuels
Symposium
November 13-15, 2005
Beijing, China
2nd Annual Canadian Renewable Fuels Summit
December 13-15, 2005
Toronto, Ontario, Canada
Hosted by:
Candadian Renewable Fuels
Association
National Biodiesel
Conference & Expo 2006
February 5-8, 2006
San Diego, California
Organizer:
National Biodiesel Board
11th Annual
National Ethanol Conference: "Policy & Marketing"
February 20-22, 2006
Las Vegas, Nevada, USA
Sponsored by:
Renewable Fuels Association
22nd
Annual International Fuel Ethanol Workshop & Expo
June 20-23, 2006
Milwaukee, Wisconsin, USA
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Posted on
August 15, 2002Assessing ethanol plant a challenge By WAYNE HAMMOND, staff writer
Assessing the newly-constructed Glacial Lakes Energy ethanol plant is presenting a unique challenge to Codington County.
At Tuesday's meeting of the Codington County Commission, director of equalization Russ Ronke was given permission to seek bids to have an outside contractor come in and assess the property.
"This is a lot different than a three-bedroom rambler," Ronke said. "I've spoken with assessors in other counties with these plants and there is a company out of Fargo (N.D.) that has done this for about 40 plants."
Ronke said his foremost concern is treating both the plant and the county as fair as possible.
"Our personnel goes through continuing education every year, but when it gets to be dealing with something that big, ($54-million) we want to make sure we're being as fair as possible," he said.
For the 2003 valuation, the assessment must be complete by March 1 of next year. Ronke said he hoped to have bids to present to the commissioners by his next report, done on the second Tuesday of the month at that week's regular commission meeting.
Commissioner Elmer Brinkman said assessing the plant is particularly tricky because of the nature of its assets.
"For example, are we taxing just the shells or the whole plant?" he said.
The difference lies in the physical structure of the facility, a permanent and taxable characteristic, versus the assets that lie within it, property that is mobile and not assessed.
The Watertown plant officially opened last week with the first corn being brought in and open house ceremonies. At full capacity, it is expected to process about 40-million gallons of ethanol annually. Similarly, a plant finished earlier this year west of Big Stone City has resulted in the Grant County Equalization Office bringing in a St. Cloud (Minn.) appraisal company to do the assessment.
Grant's director of equalization, Darwin Conrad, reiterated what Ronke said.
"The building structure is a unique appraisal, it's very specialized," he said. "You don't find it in other places in Grant County."
Conrad said it was going to cost about $7,000 to have the appraisal done and has been scheduled for this fall. An appraisal was done last fall during the early phases of construction but 'practically nothing' had been completed, Conrad said. He added that bids were taken from two other appraisers, one out of Fargo and one from Bismarck.
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