The Council met Tuesday, April 3 to a happening assembly of Auburn residents.
GE Aviation predicts bringing an upward of 69 jobs with an investment approximating $24,841,000.
"This is for the equipment that they are bringing in, it's just taking them longer than anticipated to purchase the equipment so the abatement needed to be extended," City Manager Charles Duggan said. "It usually lasts about two years and so we just needed to extend it out for them, because they're now buying the equipment. "
GE Aviation builds high-tech blades in jet engines. These blades are smaller and are meant to go in the hottest and fastest part of the jet engine.
The manufacturing equipment purchased values $18,567,000 and will save an annual $85,408 and non-manufacturing equipment (personal property) purchased is $6,274,000 saving $28,860 annually.
These abatements do not include educational, hospital and children's home taxes.
In other news:
- Citizen's Communications concerned an annexation Property Located on Stonewall Road. Michael Keel is the developer who intends to build $300,000-$400,000 homes on those properties. It is a rural area and citizen Ann Priester Bennett spoke against the annexation. She owns property in Stonewall and hopes to leave that area rural. Residents of the neighborhood spoke in favor of the annexation to build up the neighborhood.
- The Council passed a micro loan for the upcoming Edible Arrangements.
"That's our microloan program where the city borrowed money from the federal government and we're able to make low interest loans to qualifying companies to get them off the ground," Duggan said. "This is going to be a business that hopes to locate in The Shoppes at Cary Creek."
"The idea is to help someone starting out in a new business that's what that micro loan program is all about," Duggan said. "It's not a lot of money, but it helps fill in the gaps."
- They approved the purchase of 10 mobile video cameras systems from Digital Ally for $24,010 to equip the 10 Law Enforcement Sedans the Public Safety Department purchased back in February.
- Seven city officials were recognized for 5-, 10- and 30-year pins; three retiring employees were given trophies and Phillip Dunlap was acknowledged for his receiving of the David R. Echols Distinguished Service Award for Exemplary Service in Economic Development.
Do you like this story? The Plainsman doesn't accept money from tuition or student fees, and we don't charge a subscription fee. But you can donate to support The Plainsman.
