3.
Mid-West Metal Products, Inc. is granted a deduction from assessed value for the new personal property to be installed upon the Real Estate for five (5) years in accordance with the following schedule:
YEAR OF DEDUCTION PERCENTAGE
1ST 100%
2ND 80%
3RD 60%
4TH 40%
5TH 20%
6TH and thereafter 0%
4.
Mid-West Metal Products, Inc. shall comply with all requirements of Indiana law to maintain eligibility for the tax abatement. Mid-West Metal Products, Inc. shall update the Council with respect to the status of the project, as well as employment, wage and benefit projections set forth in the Application throughout the term of the tax abatement and as requested by the Council.
5.
The Auditor of Delaware County shall take such further actions as may be required to carry out the purposes of this Resolution.
6.
This Resolution shall be effective upon passage.
ADOPTED BY THE DELAWARE COUNTY COUNCIL THIS 28th DAY OF JULY, 2026.
Signature of William Hughes
William Hughes, President
Signature of Matthew Kantz
Matthew Kantz, President Pro Tempore
Signature of Jessica Piper
Jessica Piper, Member
Signature of Eugene Whitehead
Eugene Whitehead, Member
Signature of Brad Bookout
Brad Bookout, Member
Signature of Daniel Flanagan
Daniel Flanagan, Member
Signature of James Mochal
James Mochal, Member
Attest:
Signature of Ed Carroll
Ed Carroll, Auditor
This Resolution is approved in form by:
Signature of Benjamin J. Freeman
Benjamin J. Freeman, Council Attorney