I attended the City Council meeting last night which unanimously approved, without discussion, the incentive package to secure a proposed a $115 million complex for United Technologies Corp. subsidiaries that would employ 450 with an average minimum wage of $85,000.
Under the resolution, which City Manager Ron Ferris said would represent “conceptual approval,” the city would pay $1,400 for each job the complex brings, including 70 the subsidiaries already have in the county, for a total of $630,000. The company also would pay no city property taxes during its first five years and 50 percent of its taxes for the following five years.
So it looks like the concept has passed its first hurdle. I bet a lot of new folks will be looking at the new Kolter homes in Alton later this year. It also was an interesting meeting on other accounts. Try and visit if you live in Palm Beach Gardens, each first Thursday of the month.