Abatement OK'd For Machining Concepts
July 28, 2016 at 4:25 p.m.
Machining Concepts Inc. received its approval for a tax abatement Thursday from the Kosciusko County Council.
Jim Walmer, representing Thornburg Family LLP requesting the abatement on behalf of Machining Concepts, made the request. Thornburg Family LLP is taking on the liability and expense of a new building for the company.
In October, the council approved a resolution designating property on CR 200N, west of Pound Road, as a potential economic revitalization area for abatement purposes. Thursday's approval confirms the abatement. There were no remonstrators.
Machining Concepts was formed 10 years ago by Tom Knisely to service orthopedic companies. The company is expecting more than $630,000 in building improvements. The current tax value of the company's machinery is $504,000 and they are going to add $492,000 in machines over the next year. The purchase value of the equipment the company currently has is $1.3 million.
The company hopes to move into the new building by February. Within the next year, 15 employees will be added to the company, for a total of 35 employees. The total payroll for all the employees by the end of next year is expected to be at $1.8 million.
Harold Jones, county council chairman, told Walmer, "It appears everything is in order." He said he was excited about the new jobs and type of jobs the company appears to be bringing into the county.
Why can't agriculture get tax abatements? councilman Tom Anglin asked Walmer. The simple reason, Walmer replied, was that the state Legislature doesn't provide for it.
Sue Ann Mitchell, county auditor, said abatement statutes are not expected to exist as they are now by the end of 2005. They may be simplified.
Walmer said the Legislature wants to be sure that whatever tax revenues are coming in don't change. Abatements only are for new equipment, infrastructure and to help bring in new jobs. When companies look at areas to move to, they often ask what a taxing entity can do for them.
"These things make a difference in trying to get people to stay in," said Walmer.
Larry Teghtmeyer, councilman, asked Walmer if there are any environmental concerns, to which Walmer replied there are not. Teghtmeyer then said the request met his criteria and he made a motion to approve the abatement. It was approved 6 to 1, with Anglin opposed.
The Kosciusko County Convention Recreation Commission is moving right along, according to board president Deb Wiggins, and is working on putting together a long-range county tourism plan.
Thursday, the commission requested an additional appropriation of all its total funds available, $250,112. The money will pay for a study of the county's tourism needs ($5,000), finish out the CVB contracts for the year ($10,000) and be allocated for grants and festivals.
A committee that will include representatives of businesses, towns and other entities is being formed to look at the tourism needs of the county.
Wiggins said the commission has had good dialogue with the CVB and is going to have a better handle on what they will request in funding for 2005 over the next few months.
The county council approved the additional appropriation as requested.
The county council also:
• Was invited by county commissioner Ron Truex to the commissioners' Nov. 30 meeting at 9 a.m. for a demonstration of voting machines by the final two companies. Hopefully, Truex said, the commissioners will be able to vote on their recommendation at that meeting after the demonstrations to pass on to the county council. The final two companies are Voting Technologies and Micro-Vote.
• Approved the proposed grant awards from the Kosciusko County Coalition on Drug Education.
For 2005, 29 applications were made to KCODE totaling $150,000 and KCODE decided to award $110,000.
• Approved a transfer of $1,000 for the county coroner; $17, county clerk; $300, Turkey Creek Township assessor; and $1,000, Superior Courts 2 and 3.
• Approved a reduction in appropriations in three accounts for the county highway department totaling $50,000 and an additional appropriation of $50,000 for the gas and motor oil and garage and other motor supplies accounts.
• Approved an additional appropriation of $15,000 for the county sheriff's department for gas and motor oil.
• Approved an additional appropriation of $10,000 for the county coroner for the lab and X-ray account.
Kosciusko County council includes Harold Jones, Tom Anglin, John Kinsey, Larry Teghtmeyer, Brad Tandy, Charlene Knispel and Maurice Beer. Their next meeting is Dec. 9 at 7 p.m. in the county courthouse. [[In-content Ad]]
Machining Concepts Inc. received its approval for a tax abatement Thursday from the Kosciusko County Council.
Jim Walmer, representing Thornburg Family LLP requesting the abatement on behalf of Machining Concepts, made the request. Thornburg Family LLP is taking on the liability and expense of a new building for the company.
In October, the council approved a resolution designating property on CR 200N, west of Pound Road, as a potential economic revitalization area for abatement purposes. Thursday's approval confirms the abatement. There were no remonstrators.
Machining Concepts was formed 10 years ago by Tom Knisely to service orthopedic companies. The company is expecting more than $630,000 in building improvements. The current tax value of the company's machinery is $504,000 and they are going to add $492,000 in machines over the next year. The purchase value of the equipment the company currently has is $1.3 million.
The company hopes to move into the new building by February. Within the next year, 15 employees will be added to the company, for a total of 35 employees. The total payroll for all the employees by the end of next year is expected to be at $1.8 million.
Harold Jones, county council chairman, told Walmer, "It appears everything is in order." He said he was excited about the new jobs and type of jobs the company appears to be bringing into the county.
Why can't agriculture get tax abatements? councilman Tom Anglin asked Walmer. The simple reason, Walmer replied, was that the state Legislature doesn't provide for it.
Sue Ann Mitchell, county auditor, said abatement statutes are not expected to exist as they are now by the end of 2005. They may be simplified.
Walmer said the Legislature wants to be sure that whatever tax revenues are coming in don't change. Abatements only are for new equipment, infrastructure and to help bring in new jobs. When companies look at areas to move to, they often ask what a taxing entity can do for them.
"These things make a difference in trying to get people to stay in," said Walmer.
Larry Teghtmeyer, councilman, asked Walmer if there are any environmental concerns, to which Walmer replied there are not. Teghtmeyer then said the request met his criteria and he made a motion to approve the abatement. It was approved 6 to 1, with Anglin opposed.
The Kosciusko County Convention Recreation Commission is moving right along, according to board president Deb Wiggins, and is working on putting together a long-range county tourism plan.
Thursday, the commission requested an additional appropriation of all its total funds available, $250,112. The money will pay for a study of the county's tourism needs ($5,000), finish out the CVB contracts for the year ($10,000) and be allocated for grants and festivals.
A committee that will include representatives of businesses, towns and other entities is being formed to look at the tourism needs of the county.
Wiggins said the commission has had good dialogue with the CVB and is going to have a better handle on what they will request in funding for 2005 over the next few months.
The county council approved the additional appropriation as requested.
The county council also:
• Was invited by county commissioner Ron Truex to the commissioners' Nov. 30 meeting at 9 a.m. for a demonstration of voting machines by the final two companies. Hopefully, Truex said, the commissioners will be able to vote on their recommendation at that meeting after the demonstrations to pass on to the county council. The final two companies are Voting Technologies and Micro-Vote.
• Approved the proposed grant awards from the Kosciusko County Coalition on Drug Education.
For 2005, 29 applications were made to KCODE totaling $150,000 and KCODE decided to award $110,000.
• Approved a transfer of $1,000 for the county coroner; $17, county clerk; $300, Turkey Creek Township assessor; and $1,000, Superior Courts 2 and 3.
• Approved a reduction in appropriations in three accounts for the county highway department totaling $50,000 and an additional appropriation of $50,000 for the gas and motor oil and garage and other motor supplies accounts.
• Approved an additional appropriation of $15,000 for the county sheriff's department for gas and motor oil.
• Approved an additional appropriation of $10,000 for the county coroner for the lab and X-ray account.
Kosciusko County council includes Harold Jones, Tom Anglin, John Kinsey, Larry Teghtmeyer, Brad Tandy, Charlene Knispel and Maurice Beer. Their next meeting is Dec. 9 at 7 p.m. in the county courthouse. [[In-content Ad]]