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MOORESVILLE REDEVELOPMENT COMMISSION MINUTES THURSDAY, NOVEMBER 4, 2004 The Mooresville Redevelopment Commission met on Thursday, November 4, 2004, at 7:00 A.M. at the Mooresville Town Hall. Commission members present were: Brian Nelson, Chairman, Jim Ellis, Jim Ransome, and Mike Haskins. Attorney Tim Currens was present. A motion was made by Commissioner Ransome, second by Commissioner Haskins, to approve the minutes of minutes of October 6, 2004. Motion carded 4-0. Next on the agenda was Helen Humes to present the proposal for Electronics Manufacturing Solutions. She asked Rick James to introduce his two partners in the firm and he introduced Bill Baldwin, President and Tony Burnett. The estimate for relocating EMS to Mooresville will be approximately $35,238.00 to move and install the equipment. She stated this was the type of small business we would like to have in our area. EMS will have approximately thirty-five employees when their new equipment is installed. She asked Mr. Nelson to present the proposals A and B the Commission had to offer. A. The Redevelopment Commission will offer to pay $20,000.00 on the moving and installation cost based on a five-year lease and the employment of 21 employees going up to 35 employees in two years. B. The Redevelopment Commission will offer to pay $30,000.00 on the moving and installation cost based on a seven-year lease and the employment of 21 employees going to 35 employees in two years. Mr. Ellis asked what the average salary was during their heaviest production season. Mr. James stated their average salary was between $25,000.00 to $30,000.00 a year. Ms. Humes said the annual salaries for 21 employees was $825,000.00 and with the additional 14 employees it is estimated their annual salaries will add $550,000.00. Mr. Nelson asked what kind of training was required? Mr. James said for proper training they need to be certified. Ms. Humes said they are illegible for employee training funds through the Indiana Department of Commerce and the Department of Workforce Development. Motion was made by Commissioner Ellis, second by Commissioner Ransome, the Mooresville Redevelopment Commission accepted the option to provide $20,000.00 for the relocation of Electronic Manufacturing Solutions to Mooresville upon their signing a five year lease and maintaining up to 35 employees and with the option of providing $30,000.00 for relocation with the signing of a seven year lease and maintaining 35 employees. Motion carded 4-0. Next was the Prodigy Group, which is located in TIF 1, and exciting opportunity for the company and the community at large. The Commission is aware of what the Prodigy Group are