The Crossett City Council heard Monday updates about two economic development projects in the works for the city.

Crossett Economic Development Director Mike Smith asked that the council put RES Renewables, a company that has signaled its intention to build solar farm south of Crossett, be placed on the agenda for next month.

Officials from RES Renewables met with the council in a working session last month to discuss the proposed 800-acre, $150 million project. Among the company’s requests were for tax incentives and for the property the project would be located on to be annexed into the city.

City Attorney James Hamilton said his private firm had been retained by one of the companies involved in the matter.

He said that Weyerhaeuser — which currently owns the property in question — was retaining him to “walk the annexation through.” Hamilton also said that once he got the necessary documents in order he would draft an ordinance to present to the council. 

Addressing a separate project, Smith said the biggest hold up with a potential biodiesel plant locating in Crossett is financing. While Smith has spoken about the company several times publicly, he has declined to name it.

Smith said that the company is working with national and global finance companies in an attempt to secure it. 

“That’s the only thing that’s holding them up, they’ve got to get financing,” Smith said. 

Hamilton said there are a lot of legal hoops with a $140 million project. 

“With something like this, it would be easy to throw their hands up, but they’ve definitely taking steps in the right direction,” Smith said. 

In other news:

-The council adopted a budget for 2020.

City Clerk Lisa Gulledge told the council the city had received $900770.15 in ad valorem funds to date and was projected to have approximately $700,000 in reserve at the end of the current fiscal year. 

-Assistant Parks and Recreation Director Sarah Hollimon told the council there will be a New Year’s Eve ball drop downtown in the city and she has several things planned for the evening. 

-Hamilton asked that the late Tom Streetman, who died earlier this month, be recognized by resolution for his 34 years serving as the city attorney and his many years serving the community.

The council voted unanimously to adopt a resolution in his honor.

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