A new office and warehouse at Cash Concrete east of Greencastle will receive tax abatement with the approval of the Putnam County Council.
An investment of $550,000 will be made in the new building, located on the 7.1-acre site just south of Ind. 240 on CR 450 East.
Bill Dory of the Greencastle/Putnam County Economic Development Center and company president Tom Cash presented the project to the council at its monthly meeting Friday. The project will see the old 3,800-square-feet office building demolished. The new office will be 2,500-square-feet with a warehouse of 5,000- to 10,000-square feet planned. Construction will start in spring 2007 for the office building, and in spring 2008 for the warehouse, and is to be completed by 2009.
The company manufactures septic tank castings, concrete blocks and ready mix concrete. The project will add one full-time employee to the current 21 employees.
The council approved the 10-year abatement request, which will still result in additional taxes of $46,983.
In other business, the council approved:
* Additional appropriations of $50,000 in Department of Correction funds for part-time employees at the jail, and $40,000 in DOC funds to pay bills at the Putnam County Jail. A salary ordinance was also approved to move Virgil Lanning to chief deputy and Doug Nally to deputy.
* An additional appropriation of $100,000 for the county highway department to do repairs to the Rolling Stone Covered Bridge.
* An additional appropriation of $481,647 to appropriate federal aviation grant money for the Putnam County Airport.
* Six additional appropriations for the adult probation department to cover salaries, drug screenings, equipment, repairs, supplies and training from probation user fees.
* The 2007 meeting dates as the third Tuesday of each month at 6:30 p.m. in the courthouse annex. The meetings are open.
Attending Friday's meeting were council meetings Don Walton, Richard Lyon, Darrel Thomas, Mitch Proctor, Larry Parker and Jay Fogle. It was the final meeting for Lyon, who will be leaving office at the end of the year.