Warsaw City Council approved a resolution for a 10-year tax abatement for Danco Anodizing, 2450 Deelyn Drive, during its meeting Monday night.
The resolution will allow the property to be designated as an economic revitalization area.
The approval also will allow the company to apply for tax abatements on real and personal property.
The industrial subdivision was annexed in after the 1997 ERA resolution, requiring Warsaw to declare the area as an economic revitalization area, according to City Planner Jeremy Skinner.Danco Anodizing will expand their existing facility by 16,000 square feet. Danco has estimated the value of the proposed project to be $1.2 million, and create an additional 14 jobs with total estimated salaries to be approximately $434,000.
Danco also is asking for a $140 million tax abatement for manufacturing equipment they will purchase during the expansion of the facilities.
The business currently employees 43 employees. The goal is to complete the project by the end of 2007.
Five to seven additional full-time employees will be added each of the next four production years, with an additional two full-time employees projected to be added each of the next four production years, and one full-time employee is projected to be added each of the next five years.
The council also reviewed an e-mail from Spring Hill Acres resident and Warsaw Deer Task Force member Dan Smith regarding his support for this year's deer reduction effort. The council approved a resolution at its June 18 meeting to again allow a deer reduction effort in Warsaw.
The council also:
n Approved five tax abatement compliance review forms for Flexaust Company, 1510 Armstrong Road; Danco Anodizing, 2450 Deelyn Road; Instrumedical Technologies, 727 N. Detroit St.; and Zimmer Inc., 210 N. Buffalo St.
n Approved a resolution for a lease and purchase agreement for the Waste Water Treatment Utility facility department's sewer vactor.
n Approved a resolution for a reduction to encumbrances carried forward for the cumulative capital development fund for a revised encumbrance of $266,604.88; cemetery for $3,022.11; park at $25,122.39; aviation at $31,077.14; riverboat at $20,659.18; and general at $330,634.70.
