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MOORESVILLE REDEVELOPMENT COMMISSION MINUTES FRIDAY,NOVEMBER 12, 2010, 7:30 A. M. The Mooresville Redevelopment Commission met on Friday, December 12,2010,at 7:30. A. M. Commissioners present were: Harold Gutzwiller, George Watkins, and Tim Corman. Commission members Brian Nelson and Mike Haskins were absent. Town attorney Tim Currens was present as was Morgan County Economic Director Joy Sessing. Clerk- Treasurer Sandra Perry took the minutes. A motion was made by Commissioner Watkins with a second by Commissioner Corman to approve the minutes of August 5, 2010. Motion carried 3-0. Morgan County Economic Director, Joy Sessing, presented an SBI from Overton Manufacturing for a tax abatement on equipment. The price of the equipment is $200,900.00 and scored 14 points on the matrix that would be a three year tax abatement. This addition of equipment will add three new jobs. The equipment cuts fiberglass. They have ordered the equipment but have not installed or paid for it. Commissioner Watkins motioned to approve a resolution state this abatement would have no adverse affect on the TIF district. Commissioner Corman gave the second. Motion carried 3-0. Town attorney Tim Currens reported to the commission that in February 2008 the commission committed to pay $100,000 toward the road by Indy Tractor for a road to go thru the Indy Tractor property to the Adams Industrial Park as shown in the Plat submitted and approved by the Mooresville Plan Commission. The commission still needs to get a purchase agreement subject to them executing the document. Prior commitment was made before'rim Corman, George Watkins and Harold Gutzwiller became a part of the commission. A motion was made by Commissioner Corman, with a second by Commissioner Watkins to approve and signatures will be done at the next meeting. Motion carried 3-0. Chairman Gutzwiller reported on the landscaping and signage for the entrance to TOA Industrial Park. There seems to he an issue from utilities that roots from trees would be a problem. There is a possibility of adding a five foot easement in the process of transferring land over to Indy Tractor. This would take care of the south side of Pleadies Drive. The commission would not be purchasing five feet but this would be in the land transfer document. They need to put in the document for signage also that it can be seen on both sides, north and south. There being no further business to come before the Redevelopment Commission at this time a motion was made by Commissioner Watkins with a second by Commissioner Corman to adjourn the meeting. Motion carried 3-0.