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Council moves forward on tax abatement for Overton and Sons Tool and Die
Summary
The council approved a motion to pursue a personal-property tax abatement for Overton and Sons Tool and Die and directed staff to prepare a confirmatory resolution; motion carried on a voice vote recorded as 5-0 in the minutes.
Council discussed a personal-property tax-abatement request from Overton and Sons Tool and Die, who plan a second equipment purchase. Staff said the abatement will be followed by a confirmatory resolution and brought back to council for formalization.
A motion to move forward with the tax abatement was made, seconded and approved on a voice vote; the minutes record the vote as unanimous. Council noted there was no company representative present but that the request indicated a sizable investment in personal property.
Council asked staff to prepare the formal resolution to confirm the abatement and return it for adoption at a subsequent meeting.
