Council approves tax abatement for Lamco expansion; company cites $700,000 investment and 12 new jobs

Summary

The council declared a revitalization area and approved a seven‑year real‑estate tax abatement for Lamco (Lafayette Materials Management Company) to support a roughly 6,000–7,000 sq ft addition; company representatives said the project would cost $700,000 and add 12 full‑time jobs paying $23–$40 per hour.

The Lafayette City Council adopted Resolution 2025-22, designating a property as an economic revitalization area and approving a request for a seven‑year real‑estate tax abatement for Lamco (identified in the record as Lafitte Materials Management Company).

Economic Development Director Dennis Carson introduced the resolution and said the company is making a substantial local investment and seeking a seven‑year abatement. Company representatives Aubrey Burkhart and Daniel Carmody described Lamco’s business (commercial office furniture and industrial fabrication), said the firm has operated since 1991, and said the proposed expansion is a 6,000–7,000 sq ft addition with an estimated $700,000 investment and plans to add 12 full‑time positions with pay ranging from $23 to $40 per hour.

Council approved the resolution on a roll‑call vote (recorded 5‑0). The council did not record any conditions on the abatement in the meeting minutes; standard administrative follow‑up to document the abatement and any performance commitments will occur through the economic development office.