HomeMy Public PortalAbout1/06/1997 executiveCity of Greencastle
City Hall
Four East Walnut Street
Greencastle, Indiana 46135
Pamela S. Jones
Clerk- Treasurer
GREENCASTLE COMMON COUNCIL
EXECUTIVE SESSION
MONDAY, JANUARY 6,1997 7:00 A.M. PARTNERSHIP CENTER
The Greencastle Common Council met in Executive Session Mondav, January 6, 1997, 7:00 a.m.
at the Partnership Center. Mayor Michael called the meeting to order. On the Roll Call, the
following were found to be present: Councilor Roach, Councilor Green, Councilor Baynard and
Councilor Masten. Councilor Hammer was absent. Also present were Bill Dory, Nelson Ford
and City Attorney John Zeiner.
The purpose of this meeting is to bring the Council up -to -date on the trip to New Bremen, Ohio
to visit Crown's facilities and tour the town.
Bill Dory told the Council that Crown is looking at an opportunity to expand their facility in
Greencastle. Greencastle is in competition with Ohio and Texas for the project. The project
will include sales and training along with manufacturing and will create approximately 200 jobs
within a three year period. Mr. Dory stated that this project is very confidential. Crown asking
for maximum tax abatement from the City along with incentives from the State. The City must
have a proposal ready by January 15th - this is the target date for Crown. Mr. Dory continued,
Crown is looking for a 60,000 square foot building - the Techno -Trim building is available, but
Crown is also looking at acreage adjacent to their existing building. This acreage is owned by
the Greencastle/Putnam County Development Center and has been offered to Crown at a
reasonable price. Crown has already used over S8 million of the $10 million available to them
in Industrial Revenue Bonds in Indiana. The City of Greencastle has three things to offer: 1) Tax
Abatement on Real Estate, 2) Tax Abatement on equipment and machinery, and 3) Infrastructure
improvements.
Attorney Zeiner told the Council that Crown is a large company, but is privately held by the
Dicke family and the Dicke's will be making the final decision.
Being no further business Councilor Green made the motion to adjourn, seconded by Councilor
Masten. Vote was unanimous.
AT E T:
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Pamela S. Jones, Clerk- re surer
Nancy A. Mi t ael, Mayor