Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Era Termination topic
No spam. Unsubscribe anytime.
Council terminates Hydro Extrusion ERA after company declines project; no abatement benefits were claimed
Summary
The council voted 9-0 to terminate an economic revitalization area and memorandum of agreement with Hydro Extrusion USA LLC after the company did not execute the agreement or claim any tax-abatement benefits.
The Elkhart Common Council unanimously approved a resolution on March 3 terminating an economic revitalization area (ERA) and the related memorandum of agreement with Hydro Extrusion USA LLC after the company did not execute the agreement or start the project; the resolution passed 9-0.
Mike Huber, director of Velma Services for the City of Elkhart, told the council the company had been granted a phase-in but never finalized the memorandum of agreement or began work. Because no tax-abatement benefits were claimed or received, Huber said there is no clawback or repayment owed.
Council members asked procedural questions about whether the item would appear in future CF-1 compliance reviews; Huber said the project never reached the CF-1 stage that would trigger assessment of benefits. The resolution was introduced as proposed resolution 25-R-03, moved by Councilwoman Hines and seconded by Councilman Curry, and approved by roll-call vote (aye: Holtz/Holt, Curry, King, Mishler, Fish, Hines, Crabtree, Henke, President Dawson; 9-0). The council recorded no public comments on the item.
City staff noted that termination does not prevent the company from returning to seek incentives in the future if its internal decision changes. The resolution formalizes the administrative closure of the ERA.
