PDF requests tax abatement

Wednesday, July 7, 2010

* Company hopes to expand market with hydraulic punch press

A local business is attempting to branch out to a new market.

During Tuesday's meeting of the Clay County Council, representatives from PDF, Inc., Brazil, presented a proposed resolution for a personal property tax abatement.

PDF Owner Ken Maurer told the council his company is planning to purchase a hydraulic punch press, which would open the possibility for new clients.

"This will help us get into a new market we are not currently in, and it will take some of the load of our lasers," Maurer told the council. "We have stayed busy, even in this economic climate, but this will be a nice enhancement to what we already do."

The punch press will also be more friendly to the company financially as the overhead to operate it will be approximately $5.40 an hour, compared to about $18 an hour for one of the lasers.

"We are hoping this will create the new market for us, and if it does, we may buy half a dozen more in the future," Maurer said.

He added the new equipment -- which costs approximately $350,000, and has a life expectancy of about 20 years -- would create at least one new job, with the possibility of more depending on the market.

The Clay County Redevelopment Commission submitted a recommendation for the abatement's approval, but not on the length.

The council agreed to allow a seven-year term on the abatement and approved the first reading of the resolution, with final action to be taken at the August meeting.

In other business during Tuesday's meeting of the Clay County Council:

* A motion was passed 5-0-1 (Steve Withers was absent and Larry Moss abstained) to approve a trust and supplementary trust agreement for a change in the trustee for the Sheriff's Pension Fund. The Clay County Sheriff's Department is switching from Fifth Third Bank, and hoping to select Morgan Stanley,

* The second reading/final action on an amended salary ordinance for Clay Community Corrections was approved. Salaries for Community Corrections are paid for through a grant, which includes a six-percent increase. Clay County Auditor Mary Jo Alumbaugh said she had received verbal confirmation from Community Corrections Executive Director Mary Brown the department only plans to utilize the same percent raise as the remainder of county employees, if given and approved during budget hearings. Council members requested written confirmation of the agreement be obtained,

* With Withers not in attendance, only the first readings of amended salary ordinances for E-911, VOCA/STOP (which are grant funded) and the Prosecutor's Incentive Fund were approved and will be up for final action in August, and

* Approved reductions and subsequent additional appropriations in the Highway and E-911 funds for a new lawnmower at the Clay County Highway Department, and to move funding around for the salary of the Chief Dispatcher/E-911 Coordinator position. The council also approved the job description for the position, along with two additional appropriations in the Sheriff's Fund, which are reimbursements from XEROX, along with one from a recent grant.

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

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