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MOORESVILLE REDEVELOPMENT COMMISSION MINUTES THURSDAY, APRIL 28, 2005 6:00 P. M. The Mooresville Redevelopment Commission met on Thursday, April 28, 2005, at 6:00 P. M. at the Mooresville Town Hall. Commission members present were: Chairman Brian Nelson, Mike Haskins, and Helen Humes. Jim Ransome and Jim Ellis were absent. Town attorney Tim Currens went in to the Plan Commission meeting. A motion was made by Helen Humes with a second by Mike Haskins to approve minutes of April 4, 2005. Motion carried 3 -0. Tom Liffick from Honey and Me presented a request for tax abatement on an expansion to their building. They are adding 24,000 square feet to the 48,000 square feet they have currently. They hope to have this expansion done by July 1, 2005. They have twenty - seven employees currently and will add one skilled supervisor with an average wage of 25 to 35,000 dollars per year and seven full time workers at an average of $10 per hour. The cost of the addition is $548,000. A motion was made by Helen Humes with a second by Mike Haskins to recommend to the Town Council that a three -year abatement on real property would not adversely affect TIF Area 2. Motion carried 3 -0. Next, John Taylor, Morgan County Economic Director, requested tax abatement for Ambassador Steel. They are building a 15,000 square foot addition to their building. The building cost is $750,000 and cost for new equipment is $400,000. They will be adding six new employees. A motion was made by Helen Humes with a second by Mike Haskins to recommend to the Town Council a six -year abatement on real property and a five year abatement on equipment and it would not adversely affect TIF 2 area and with a stipulation there will be changes to the start date. Motion carried 3 -0. Currently one payment has been made to Electronics Manufacturing Solutions for $12,220.15. The Redevelopment Commission had approved up to $30,000. There were more costs involved with setup of equipment, wiring, conduits, etc. A motion was made by Helen Humes with a second by Mike Haskins to approve reimbursement to Electronic Manufacturing Solutions $17,779.85 for relocation and installation costs bringing the total to $30,000. Motion carried 3 -0. John Taylor reported TOA would be approaching the Redevelopment Commission for abatement on a 1.15 million dollar expansion. They are at a little over four hundred employees at present.