Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Flagler County IDA approves inducement resolution for $9 million asphalt plant project
Summary
The Flagler County Industrial Development Authority adopted an inducement resolution allowing up to $9 million in industrial development revenue bonds for Project SteelWheel, after questioning about applicant financial disclosures and assurances that a local bank will underwrite the loan.
The Flagler County Industrial Development Authority on Tuesday voted to adopt an inducement resolution for Project SteelWheel, expressing the IDA’s intent to finance up to $9,000,000 in industrial development revenue bonds for a proposed asphalt production facility.
Staff member (S2) presented the project and recommended approval of inducement for a $9 million bond. A company representative (Presenter S3) described plans for an on-site asphalt plant, expanded office and maintenance shop space, short-term storage silos and a construction timeline aiming to start before the end of the year, subject to remaining permits and a silo-height variance.
“We’re looking to do an asphalt plant…we currently sub out the asphalt to other companies, and we'd like…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
