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1025 March 6, 2012 The Mooresville Town Council met in regular session on Tuesday, March 6, 2012, at 6:30 P. M. at the Mooresville Government Center. Council members present at the beginning: Vice-President Mark Mathis, Tony Langley, Virginia Perry, and Jeff Cook. President George Watkins came in later. Town attorney Tim Currens was present. Bob Kouvall, First Baptist Church, gave the invocation. A motion was made by Councilman Langley with a second by Councilwoman Perry to approve February 21, 2012 minutes with a change to paragraph three to read PaeMoore had originally scored thirty points instead of twenty points on the SB-1. Motion carried 4-0. Next on the agenda was a request from Overton Industries to approve the CF-1 for their tax abatements. Councilwoman Virginia Perry read research results for the council (insert). a March 6, 2012 1 have researched past SB-1's and CF-1's for Overton and Sons Tool and Die and find the following: Overton &Sons have received six(6)tax abatements,the first two in 2003 for Personal Property and for Real Estate. The tax abatement for Personal Property(10 years),according to County records,will end this year. The Real Property(Real Estate)tax abatement ended last year and was six(6) year tax abatement. The Personal Property tax abatement from 2003 is the only one that was approved for ten (10)years by the Town Council for this Company. Other tax abatements were for 2007 (5 years), 2008(3 years),2009 (3 years) and 2010(3 years). `The tax abatement for 2008 will also end this year. The 2007 tax abatement will end in 2015 and the 2009 and 2010 will end next year. I have requested additional information this Company and they have provided that information which has been useful in considering this CF-1. That information has to do with the number of employees, if they are local employees;full or part time and if this Company advertises in the local paper for employees. I am advised that they currently have a total of 69 employees;of those 69,six(6)are part time. Of the 69 employees, a total of 36 are Morgan County residents. That is more than half of their total employees. Advertising for employees is sometimes at the local level and depends on the skill level of the job they are wishing to fill. Often time they will contact universities or other sources to fill positions. Based on the information I have complied (see attached)for Overton &Sons Tool and Die, I find this Company has been in substantial compliance with this CF-1. Virginia Perry A motion was made by Councilwoman Perry with a second by Councilman Cook to approve the CF-1 for Overton Industries. Motion carried 4-0. Steve Overton told the council they had been in business in Mooresville for 45 years. He invited the council to tour the facility and said he appreciates the support. Chief Viles came before the council to ask for some new vehicles. He would like to bay four cars to replace the 2007's. Councilman Langley said there looked like there were three 2007 cars on the list Chief Viles had given them but they were not the ones with the most miles. The Police are looking at a 2013 Ford Taurus at a price of$23,500 each on a State bid. The council discussed using the CCD fund to buy the cars,then when the older cars are sold that money goes back into the CCD fund. Councilman Langley said he wanted the purchase of cars back into the budget. That line item had been made zero when the levy was not enough to support the money for payments.