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Committee approves statement of benefits for Kimball Electronics expansion in South Post Road TIF
Summary
The committee approved a statement of benefits enabling Kimball Electronics to seek a six-year personal property tax abatement for a project at 1220 South Post Road; the final abatement will be decided by the Metropolitan Development Commission.
The Metropolitan and Economic Development Committee on Monday approved a statement of benefits so Kimball Electronics can pursue a six-year personal property tax abatement for a manufacturing expansion at 1220 South Post Road.
Kathy Battle, program manager for economic incentives with the Department of Metropolitan Development, introduced the item (Proposal 145). Kimball representatives said the project — located within the South Post Road TIF allocation area and supported by District 20 Councilor Michael Paul Hart — would support significant…
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