News and Tribune

Business/Money

June 19, 2013

Deal sealed for packing materials company at River Ridge

Road plans discussed at River Ridge to accommodate American Fuji Seal

JEFFERSONVILLE — The next step for River Ridge is connectivity.

The River Ridge Development Authority met this week and discussed a number of plans for road improvements and a re-examination of its masterplan to help the commerce center connect to new roadways.

A road improvement project was unanimously approved by the River Ridge Development Authority Board — Board Member David Flowe was absent from the meeting — to improve the access to American Fuji Seal Inc.

The News and Tribune previously reported that the company that produces a variety of packaging materials — including shrink sleeve labels, in-mold labels and thermo-shield Insulating labels — would locate in the commerce center in April. The deal was not finalized with the company until last week.

American Fuji Seal Inc., a Japanese company with its American operations headquartered in Bardstown, Ky., purchased more than 23 acres of property located directly behind the 1-million-square-foot Amazon.com Inc. distribution center for $1.04 million.

River Ridge officials agreed to help expand Avenue J, now known as International Drive, so American Fuji can locate in the center. The 1,500-foot road will be increased in width from 20 feet to 36 feet and the project will include construction of curbs and gutters.

The contract for the road construction was awarded to T & C Contracting, Inc. for $870,700. Construction is expected to start July 1. An inspection contract with Jacobi, Toombs and Lanz, Inc. for International Drive was also approved totaling $50,000.

Working through the deal with American Fuji Seal was a cumbersome process for River Ridge. In order to close the deal with the company, the River Ridge Development Authority had to address 61 exceptions in the purchase agreement.

River Ridge Development Authority Board President Mark Robinson, praising the effort from the River Ridge staff and attorneys, said there were fewer exceptions requested for Amazon.com Inc.’s distribution center.

River Ridge Attorney David Lewis explained there were so many exceptions, in part, because the title company the group used was not local.

“I think that’s part of the reason we saw 61 exceptions, because I think the local folks would have recognized some of those items weren’t true exceptions,” he said. “As we went through the process of eliminating them, the Cincinnati folks realized that as well.”

An example was offered of a lien on the property for an unpaid sewer bill when sewer service has yet to be extended to the site.

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