Biomet will ask the Kosciusko County Council for a 10-year tax abatement at the council's Sept.6 meeting. Thursday, attorney Richard Helm, representing Biomet, asked for the council to pass a declaratory resolution so Biomet can present their reasons for the abatement request at the Sept.6 meeting.The resolution is the first step in the process for Biomet to get a tax abatement. Helm said Biomet plans to build a $5.5 million building that will house new machinery and equipment valued at $4 million."We're asking for tax abatement on both," he said. Biomet officials estimate 250 to 300 new jobs will be created.The county will receive approximately $240,000 in taxes annually from the jobs and more than $550,000 in property taxes "over and above" the tax abatement, Helm said. More information regarding the abatement request, Helm said, will be presented at the Sept.6 meeting. Councilman John Kinsey made a motion to accept the declaratory resolution.
DAVID SLONE, Times-Union Staff Writer- | July 28, 2016