The acquisition of the MI building may not be complete, but IVC is one step closer to moving its headquarters to Clay County.
The Clay County Council approved the second, and final, reading for two tax abatements during Monday's meeting.
The abatements were approved for 10 years on the real estate/property and seven years for the personal property. Both are subject to an abatement calculation agreement, which would allow the county to recover abated tax monies should IVC not meet self-imposed hiring standards or end business operations prior to the end of the abatements.
IVC intends to purchase the former MI Windows and Doors building and turn it into a liquid paint operation and their world headquarters. However, the purchase is presently on hold as results from environmental studies of the property have not come back. They currently have a powdered paint operation in Clay County.
Along with other housekeeping issues, the council also made an amendment to the county's Personnel Policies Handbook.
The amendment states if an employee misses any number of days' work during their initial probationary period, those days are added on to extend the period, which is 90 days long. For example, if an employee misses three days with the flu, then the probationary period for that individual would be 93 days. Due to the procedure of adding amendments to the handbook, the Clay County Commissioners also approved the addition during its meeting earlier in the day.
The next meeting of the Clay County Council will be Monday, May 5, at 6 p.m., in the Commissioners' Court of the Clay County Courthouse.