LMW receives 10-year tax abatement

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By Toni Stauffer

From the Dec. 18 regular session:
• The City offices will be closed Dec. 24-25 and a half day on Dec. 26.
•To accept the quote by Ben B. Gordy Construction Co., Inc. (one out of two bids received) to repair and patch the floors of the Central Activity Center, not to exceed $48,100.00. The work includes the replacement of several joists that rotted due to condensation from the old air conditioning units, as well as surface repairs. One more project, to finish the floors of the auditorium, must be done before the reopening. City Manager Wallace Hunter said that the Center will reopen sometime in February.
• A 10-year tax abatement for Logan Machine Works, Inc. LMW is making a major addition with a capital investment of $575,000. Pursuant to the Tax Incentive Reform Act of 1992, LMW is being granted an abatement for all state and non-educational property taxes, all construction related transaction taxes (except those levied for education or capital improvements for education), and all mortgage and recording taxes.
• A proposal from Fontenot Benefits & Actuarial Consulting for actuarial valuation calculations and reports not to exceed $6,000.00.
• Installation of a street light and transformer at the entrance of the Hillcrest Subdivision on General Colin Parkway.
•Rescinding of moratorium prohibiting construction and/or development within the FEMA 100-year floodplain, based on recommendations of CDG Engineers, Inc., pursuant to Resolution No. 2011-05. The City has determined that the moratorium is no longer needed; however, while FEMA requires only a 1’ base flood elevation, the City requires 2’. All construction and/or development within the floodplain is subject to all applicable statutes, codes, rules, regulations, resolutions and ordinances of the City. The 100-year floodplain is land predicted to flood during a 100-year storm, which has a one percent chance of occurring any year. These areas can also flood in much smaller storms. The 100-year floodplain is used by FEMA to administer the federal flood insurance program.
• An ordinance to have the Medical District at 21st Court, 21st Avenue, and 20th Avenue rezoned to an R-3 Zone (High Density Residential District). A Public Notice is hereby issued that the Planning Commission will meet Feb. 5 at 9 a.m. in the City Council Chambers located in the Public Safety Building on Broad Street. At said meeting, all persons desiring to be heard concerning the rezoning of this property may appear.