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Elkhart council approves tax-phase benefits for Philip Matthews Company after debate over TIF, wages and documentation
Summary
The Elkhart Common Council adopted Resolution 26-R-1 to declare an economic revitalization area for Philip Matthews Company, approving a three-year real-property tax phase-in for a $10,116,700 investment and 20 new jobs; council discussion focused on TIF placement, assessed-value discrepancies and wage levels before a 6-2 vote.
The Elkhart Common Council voted to adopt Resolution 26-R-1, declaring an economic revitalization area for Philip Matthews Company and approving a three-year real-property tax phase-in tied to a planned $10,116,700 investment and the creation of 20 new jobs. The measure passed by roll call, 6-2.
Drew Weiss, economic development staff, described the project and recommendation: "This project involves a $10,116,700 investment in a new building construction, and PMC plans to add 20 new jobs with an average annual wage of $46,384," he said. Weiss told council the company's planned site is 1100 Mishawaka Street and staff recommended a three-year phased tax abatement.
Council members pressed staff and the company for details. Councilman Mishler raised a procedural and fiscal…
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