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Thursday, May 5, 2016

Council rescinds tax abatements

Wednesday, May 7, 2008

With IET Spun Metals leaving Clay County, its tax abatements became the next to go.

On Monday, the Clay County Council rescinded two tax abatements from Spun Metals that were approved in 2002, when the company was named Deakins Metal Spinning.

It was more of a housekeeping job as the abatement had not been given to them the past few years.

"They haven't filed a compliance statement in a few years," Council President Mike McCullough said. "When a company doesn't file their compliance, we don't have to give them the abatement for that year, so the county wasn't missing out on tax money."

Spun Metals had a 10-year real estate abatement and a five-year personal property abatement, both of which were rescinded by the council unanimously through a resolution.

At the time the abatements were approved, there was no "clawback" agreement set up, so the county is unable to regain tax monies that had been abated.

In other business, the council:

* Approved a resolution allowing one of the deputy auditors to be an authorized signature on Public Employees' Retirement Fund (PERF) documents,

* Held the first reading on an ordinance to set up a County Improvement Fund, which fees from derelict property ordinance violations will go, and

* Approved additional appropriations of $2,200 for legal fees from the General Fund and $5,000 for a nurse's salary from the Local Health Management Fund. The additional salary money will come from a grant and the council also approved the first reading on the subsequent amended salary ordinance to allow for the pay change.

The next meeting of the Clay County Council will be Monday, June 2, at 6 p.m., in the Commissioners' Courtroom of the Clay County Courthouse.

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