Symmetry To Expand
July 28, 2016 at 4:25 p.m.
Attorney Richard Helm, representing Symmetry Medical, announced during the Warsaw City Council meeting a $14 million company expansion at Symmetry's 3724 Ind. 15 location.
The council approved a resolution to allow construction in what Warsaw calls an economic revitalization area. The current expansion plans include a design and development center and parking lot east of the company's existing building. Symmetry estimates adding 40 additional jobs in the next four years, which Helm called a "very conservative projection."
During the announcement, Helm also requested a continuation of a tax abatement on personal and real property, which has added 15 more jobs than the company had projected in 2004. The board approved an additional abatement for the company's expansion as well.
"There's the saying, 'Gee, the council is giving taxes away,'" Helm said. "But additional taxes are a certainty, and people need to understand that."
The council approved the abatement, with Mayor Wiggins expressing his gratitude by thanking Symmetry for "the investment in the community and the additional jobs for Warsaw."
Also addressed by the board were two transfer requests from the police and street departments. The council approved the police department for a $500 transfer from salaries to a Federal Insurance Contributions Act account. The funds will be used to pay the city's share of Social Security and Medicare for police dispatchers out of the 2005 budget.
The street department was permitted to move $4,000 from a repair and maintenance account to a service account to cover landfill and recycling fees exceeding the 2005 budget.
The board also:
• Approved a declaratory resolution that prohibits the spending of budget appropriations from the 2005 year. Five departments made cuts inside various city accounts, totaling $257,000.
Wiggins said the cuts could lower future city tax rates and/or prevent the decrease of the 2006 Warsaw budget.
• Introduced a letter from Comcast Cable reporting price increases in services, beginning in January.
Councilmen present were Wiggins, Joe Thallemer, Bob Morrison, Jeff Grose, Charlie Smith, George Clemens, Jerry Patterson and Bill Rhoades. [[In-content Ad]]
Attorney Richard Helm, representing Symmetry Medical, announced during the Warsaw City Council meeting a $14 million company expansion at Symmetry's 3724 Ind. 15 location.
The council approved a resolution to allow construction in what Warsaw calls an economic revitalization area. The current expansion plans include a design and development center and parking lot east of the company's existing building. Symmetry estimates adding 40 additional jobs in the next four years, which Helm called a "very conservative projection."
During the announcement, Helm also requested a continuation of a tax abatement on personal and real property, which has added 15 more jobs than the company had projected in 2004. The board approved an additional abatement for the company's expansion as well.
"There's the saying, 'Gee, the council is giving taxes away,'" Helm said. "But additional taxes are a certainty, and people need to understand that."
The council approved the abatement, with Mayor Wiggins expressing his gratitude by thanking Symmetry for "the investment in the community and the additional jobs for Warsaw."
Also addressed by the board were two transfer requests from the police and street departments. The council approved the police department for a $500 transfer from salaries to a Federal Insurance Contributions Act account. The funds will be used to pay the city's share of Social Security and Medicare for police dispatchers out of the 2005 budget.
The street department was permitted to move $4,000 from a repair and maintenance account to a service account to cover landfill and recycling fees exceeding the 2005 budget.
The board also:
• Approved a declaratory resolution that prohibits the spending of budget appropriations from the 2005 year. Five departments made cuts inside various city accounts, totaling $257,000.
Wiggins said the cuts could lower future city tax rates and/or prevent the decrease of the 2006 Warsaw budget.
• Introduced a letter from Comcast Cable reporting price increases in services, beginning in January.
Councilmen present were Wiggins, Joe Thallemer, Bob Morrison, Jeff Grose, Charlie Smith, George Clemens, Jerry Patterson and Bill Rhoades. [[In-content Ad]]