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Friday, Aug. 22, 2014

Abatements finalized for two companies

Tuesday, October 5, 2010

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The Clay County Council approved final action on a pair of tax abatement resolutions during Monday's meeting.

For IVC Industrial Coatings, Inc., it was a seven-year personal property abatement, which allows the company to install additional lines at its powder division, 2831 E. Industrial Park Dr., Brazil.

The project will cost an estimated $3.8 million to complete, and IVC Chief Financial Officer Ken Wright said the equipment has already been ordered.

"The parts are coming in from Germany, and we hope to have everything up and running by late winter," Wright told the council.

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The additional lines allow the company to maintain its 73 current employees with plans to add 11 more positions.

Meanwhile, the abatement for PDF, Inc., is for real estate improvements with a term of 10 years.

The company intends to construct a 26,000-square foot pre-engineered steel building, which will allow the company to hire four additional employees to go with the 98 currently on the payroll.

PDF Owner Ken Maurer informed the council construction of the new addition should begin in the next week or two.

In other business during Monday's meeting, the Clay County Council approved numerous financial requests including:

* A $2,425 additional appropriation for Sheriff's Overtime, which is a reimbursement from a grant which allowed the Clay County Sheriff's Department to participate in an anhydrous sting in March and April,

* An additional appropriation of $15,000 for jail repair to cover costs incurred to repair damage from a lightning strike, as well as paying invoices for other repairs and maintenance,

* Other additional appropriations of $3,000 for legal fees incurred by the Clay County Redevelopment Commission and $1,500 for contract services (part-time help) in the Surveyor's Cornerstone Fund, and

* Reductions of $35,000 in two separate line items (maintenance, and gas, oil, and lube) in the Highway Fund, which allowed for approved additional appropriations in the fund's vehicle insurance ($30,000) and vehicle repair ($40,000) line items.

The next meeting of the Clay County Council will be 6 p.m., Monday, Nov. 1, in the Commissioners' Courtroom at the Clay County Courthouse.



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