for Kia supplier
The LaGrange Development Authority agreed Monday to issue bonds of up to $8 million for Dae Ha America Corp., to build and equip a plastic resin manufacturing plant in the industrial park.
Property taxes will be phased in during the five-year bond issue, pending approval of the Troup County Board of Assessors. The authority will own the property during the life of the bond issue and lease it back to Dae Ha.
The Kia and Hyundai supplier also will be eligible for a $100,000 state grant for site preparation work.
The 53,000-square-foot plant on Piedmont Circle is scheduled to start production in January with about 25 employees and reach about 40 in 2013. It may build another plant on the same site with 30 additional employees.
In another matter Monday, the authority agreed to sell an easement to the Troup County Airport Authority for a runway protection zone clearance project. The development authority will be paid $1,000 for the 11.86-acre easement between the airport and Shorewood Drive.
“They want us to donate the land, but will pay us $1,000 if we don’t,” said authority secretary Jane Fryer.
Airport authority consultant THC Inc. in Lawrenceville sent a letter threatening condemnation “if an amicable settlement cannot be reached.”
“They’re saying do it or else,” said development authority member Tom Malone. “They didn’t have to do it that way.”
County Commission Chairman Ricky Wolfe said he thought the letter was “poorly worded.”
Thirty-seven property owners are involved in the clearance project, which restricts the height of trees and other obstructions in the glide path of a runway extension.
“If we did show the property, it would be for a little tiny office with no height issue,” said LaGrange business development manager Ray Coulombe.
Also Monday, the commission added 5.2 acres to the 62.5 acres that Kia supplier Sewon leases from the development authority in the industrial park. Sewon wants the extra property for landscaping.
“We gain by getting rid of a maintenance obligation,” said authority Chairman Diethard Lindner.
Sewon will own the whole tract in 12 years under the lease agreement.
Post a Comment
