Mooresville council approves two confirmatory abatements for Builders First; company outlines expansion plans
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Summary
The Town Council unanimously approved two confirmatory resolutions granting tax abatements for Builders First Source's real and personal property. A company representative thanked the council and outlined past and planned investments and job growth.
The Mooresville Town Council on Nov. 4 unanimously approved two confirmatory resolutions related to Builders First Source, clearing the way for agreed tax abatements for the company's real and personal property.
No members of the public spoke at the hearings. The council opened and closed the public hearings and then voted to approve confirmatory resolution 22-20-25 for real property and confirmatory resolution 23-20-25 for personal property by recorded voice vote, 5-0.
The council president opened each public hearing and asked whether anyone wished to speak; there were no public comments before council closed the hearings and moved to the votes. Legal counsel Reed was present and noted procedural items during the meeting.
A representative of Builders First addressed the council after the votes and thanked council members for their support. The representative said the company invested about $3,300,000 and employed 25 people in 2002, and that today it stands "just shy of $9,000,000 investment and a 146 employees." The representative said the company intends to invest "an additional up to about another 9,000,000" in continued support of construction in the Indianapolis area.
Council members welcomed the remarks, noting the town's diverse industrial base and the local employment benefits. The council recorded the approvals as unanimous, with no amendments announced at the meeting.
The approvals were processed during the regular meeting; the council indicated willingness to continue working with the company on future matters but did not specify additional incentives or conditions during the public discussion.
For the record, the council identified the resolutions by number during the meeting: confirmatory resolution 22-20-25 (real property) and confirmatory resolution 23-20-25 (personal property). The meeting record does not include motions'or names of movers and seconders for those individual motions beyond the standard procedure that motions were made and seconded. The council vote on each resolution was recorded as 5-0 in favor.