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TOWN OF MOORESVILLE REDEVELOPMENT COMMISSION MINUI'l'hS MONDAY, NOVEMBER 30, 2009 9:00 A. M. The Mooresville Redevelopment Commission met on Monday, November 30, 2009, al 9:00 A. M. at the Mooresville Government Center. Commission members present were: Jim Ransome, Mike Haskins, and George Watkins. Bev Viles, appointed representative from Mooresville Consolidated School Corporation was present. Town attorney Tim Currens was present. A motion was made by Commissioner Watkins with a second by Commissioner Haskins to approve minutes of the October 2, 2009 meeting. Motion carried 3-0. Jeff Pipkin from Morgan County Economic Development Corporation brought a possible industry to the Commission. Tailgate Beer is currently located in San Diego, California. The project code name is Project Football. 'focal estimated capital investment by 2012 is $7.1 million. They will need a 50,000 square foot facility. Average wage is $17.00 per hour without benefits. The first year 50 employees. The second year they will add an additional 75 employees and third year an additional 25 employees. Third year average wage of$25.00 an hour without benefits and a total of 150 employees. The company is looking at Lots 19 and 20 in Flagstaff Park. Lot 19 is /467 acres at$100,000 per acre. Lot 20 is 3.638 acres at $85,000 per acre. A total land cost would be $555,930 and the owner of the company was planning on$450,000. A possible incentive would be for the Town to pay the difference on land cost. They are looking al $2.8 million in new equipment. The company qualifies for a ten year abatement on real estate improvements and ten year abatement for new equipment. The State of Indiana is looking to use EDGE credit dollars and SEF dollars (State Economic Funds). The company is also looking at Boone and Johnson counties. Jeff Pipkin was hoping some town council members would be present because he knew that the Town was looking at the possibility of TIE funds for Wastewater expansion. Tim Currens stated he hoped to have numbers on the W W1 P expansion by the middle of December so decisions could be made. Twenty-seven percent of the Town is in the TIF District and there is still an obligation to TOA to pay their taxes also. Commissioner Watkins stated that when it comes to an opportunity for business to come in to the area they needed to be responded to, lie had done some research on this company's website it caught his eye that there was no indication of future plans in California and things' happening in the company was 6 to 7 months outdated. This made him wonder how active they really were. Jeff Pipkin said they want to be up and running by summer 2010. He said micro breweries have local appeal. The company also talked about growing the hops near the site. Jeff had contacted the Pauleys' because their farm land is near this site but had not gotten a response yet. Year two a brew pub, tailgating equipment and a gin shop is proposed. Commissioner Ransome asked if