Berne City Council on Monday evening ironed out a few wrinkles its new "super" abatement phase-in policy, then heard pitches from two local companies hoping to take advantage of the city's newest economic development incentive tool.
Last month the council adopted a new tax abatement policy that awards up to five years of freedom from real and personal property tax liability for companies making a significant investment in the community. The so-called "super abatement" phase-in tax policy allows the city to award seven- and 10-year tax abatements which include up to five years of freedom from all personal and real property tax-free liability. The policy was modeled after a similar program in Allen County.
One Berne firm —the FCC (Adams) automotive supply company — has already been awarded a super abatement for a new expansion project that company officials have said will create 50 new jobs.
On Monday evening, Berne City Attorney Jim Beitler said city officials learned during the FCC scoring process that some gray areas existed in the way companies are scored.
Further details in today's print and e-editions.