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lviuuu~[i was mane by Councilman Clark, second by Councilman Bryant to approve payment of the claims. Motion carried 4-0. There being no further business to come before the council at this time, a motion was made by Councilman Clark, second by Councilman Bryant to adjourn the meeting. Motion carried 4-0. Sandra R. Perry, Clerk-Treasurer - ~~ Toby Dolen, President September 2, 2003 The Mooresville Town Council met in regular session on September 2, 2003 at 6:30 P.M. at the Mooresville Town Hall. own Council members present were Toby Dolen, President, Tray Bryant, John L Clark and T resent. Tom Warthen. Mark Mathis was absent. Tun Currens, Town Attorney, was p The Invocation was given by 1im Taylor of the Grace Missionary Church. A .motion was made to approve the minutes for the August 19, 2003 meeting by Councilman John L. Clark, second by Councilman Troy Bryant: Motion carried 4-0. Economic Development Director, Helen Humes, reported there were three companies going thru __.~.-..._..__..._~..._ ~-theirs"fin~mst~ages~or'£~-•4bate~t~ There_~ate,_?~.f?resenCatives from the campames present firm in Mooresville, plans to add Nice-Pak Products, which is the largest manufacturing additional equipment with a total investment of $3,700,000.00 aver the next ten years. This particular investment will nat add jobs, but they hope the next investment of addition equipment will add jobs. They do score high enough an the matrix system to qualify for the 10-year tax abatement they are requesting. Mrs. Humes recommends Nice-Pak for the 10wyear tax abatement. She;asked if any Council member had any questions to ask of David'~$chantz, Operation Manager. and Terry Clark, Controller. A motion to approve the Finding of Facts and the Confirmatory Resolution #11 ftti~t Nice-Pak Products 10 year tax, abatement was made by Councilman Clark, second by Councilman Bryant. Motion carried 4-0: Overton & Sons Tool & Die, Steve Overton was unable to attend, have moved back into the office space where:'they had the fire and with the roof not being joined the office was flooded with all the rain. This is the rebuilding after the fire and the first step will be ord~ting the equipment due to the lead-tame required. They have not settled with the Insurance Company so they have not finalized the plans for rebuilding. Their capital investment for equipment is $1,680,000.00 and"they scored will within aur_matrix system fora 10-year tax abatement. Mrs. Humes recommends them for the 10-year tamabatement. Councilman Bryant asked if this was for new equipment or far replacement equipment. Mr. Humes said it was for both,. but primarily . replacement equipment and they are adding same new equipment. A motion to approve the Finding of Facts and the Confirmatory ResolClark#second by -Year tax abatement fOr Overton & Sons Tool & Die was made by Councilman , Councilnan Warthen. Motion carried 4-0.