Laserfiche WebLink
<br />Public Hearings: Consider Resolutions Authorizing Execution of Tax Abatement and Business Subsidy Agreements for Alliance Machine, , Crystal <br />Distribution, Medical Extrusion Technologies and Classic Acrylics <br />August 15, 2005 City Council Meeting <br />Page 3 of 3 <br /> <br />Nature of Business <br />City Assistance <br /> <br />Classic Acrylics. Inc. <br />Custom plastic fabrication for point-of-purchase displays <br />$75,000 to RST Cayo, LLC who will lease the property to Classic Acrylics, <br />Inc. <br />Approx. 39.5% of the land cost <br />1 0 (estimated) <br />20,000 SF <br />2.48 acres to accommodate a 5,000 SF expansion (see attached map) <br />13 ($15 average hourly wage) <br />5 ($15 minimum hourly wage) <br /> <br />Assistance Applied to <br />Abatement Years <br />Building Size <br />Lot Size <br />Jobs Retained <br />Jobs Created <br /> <br />Action Requested <br />Staff recommends that the City Council consider approving the attached Resolutions Authorizing <br />Execution of Tax Abatement and Business Subsidy Agreements with each of the following <br />compames: <br />. Provo Enterprises, LLC (Alliance Machine, Inc.) <br />. O'Brien Holdings, LLC (Crystal Distribution, Inc.) <br />. Medical Extrusion Technologies, Inc. or a related entity <br />. RST Cayo, LLC (Classic Acrylics, Inc.) <br />