Warsaw City Council Monday night approved a 10-year tax abatement on personal property for Zimmer Production Inc.
Zimmer, 1535 W. Center St., will purchase an additional $19.68 million in manufacturing equipment, which will be located in the recently expanded facility.
Zimmer is estimating this project will create 98 additional jobs with a total estimated salary of $5,155,367.The council also approved continuing a personal property tax abatement for Instrumedical Technologies Inc., 727 N. Detroit St.
Instrumedical Technologies Inc.'s original statement of benefits form was filed in spring 1998, at which time the abatement was approved with limits of $400,000. The council amended the statement of benefits two years ago in August 2006 because of those limits.
Continuing a tax abatement on real and personal property for Flexaust Company Inc., 1510 Armstrong Road, also was approved.
The company is currently in its second year of a 10-year tax abatement, and hired one new employee, and invested approximately $1.1 million in manufacturing equipment since filling a statement of benefits form in 2006.
The company estimated adding 25 new employees and 1.5 million in new manufacturing equipment.
In other business, the council:
n Approved a Warsaw Fire Department report for May with 103 responses.
n Approved a request from the Warsaw Police Department to transfer $20,000 from police utilities to police operating supplies.
The purpose of the transfer is to replenish funds used to pay for ammunition, fuel, automotive and police station operating supplies out of the 2008 budget, according to WPD Chief Perry Hunter.
Mayor Ernie Wiggins informed the council a Warsaw Young Tigers Mayor's Ride will be July 12 to raise funds for Young Tigers Football.
