WARSAW — Texmo Precision Castings Inc, an orthopedic manufacturer, was approved for a tax abatement at the Feb. 11, county council meeting and the company expansion will begin this year.
Richard Helm, attorney for Texmo Precision Castings Inc., once again came before the council for his requested public hearing for the tax abatement concerning property located at 596 E. CR 200N.
Helm asked the council for a 10-year, personal property and a 10-year, real estate tax abatement. Helm told the council that Texmo’s expansion will be $2.5 million in equipment costs and $2 million in real estate improvements.
He reported that Texmo currently has 28 employees and will retain those employees while potentially adding 25 new. Helm stated the hourly wage will be in the $15-$16 range. Unskilled employees will be begin at the $12 range, but will increase as skills increase.
Brad Tandy, council member, asked, “How soon would the company start expansion?” Helm replied with an immediate, “This year.”
Another council member, Larry Teghtmeyer, asked about medical benefits the company would offer. Helm deferred to the managing director of Texmo, Arjunan Ramachandran, who stated that the company provides up to 40 percent on the whole medical package.
Helm asked for a tax abatement at 10 years on personal property and 10 years on real estate, but the council approved an abatement for five years on personal and 10 years on real estate.
In other business:
- Kosciusko County Sheriff Aaron Rovenstine was approved for a transfer of $11,132.93 from insurance payment to repairs and maintenance for the repair of a county vehicle.
- Mike Kissinger, county surveyor, came before the council and stated the pay scale for the new assistant surveyor hired October, 2015, had been miscalculated. He told the council the new surveyor had been a council member and would get credit for those years. Kissinger was approved for $2,447 appropriation.
- Michelle Puckett, county auditor, was approved to hire a financial secretary.
The next county council meeting will be 7 p.m. Thursday, March 10.