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<br />'" <br /> <br />Special City Council Meeting <br />August 1, 2005 <br />Page 2 <br /> <br />of heavy manufacturing equipment. The tax abatement would be for 7 years and include 10 <br />additional employees. <br /> <br />Council Member inquired as to who monitors these tax abatements to make sure that <br />everyone is doing what they are suppose to be doing. Tony Williams informed Council that <br />PEDC has to certify to the city annually that they are in compliance, contract by contract. If <br />someone falls out of compliance and does not qualify, it is the responsibility of PEDC to <br />notify the city. Council Member Ray asked what type of penalty would be imposed. Tony <br />said the company would not qualify for the Abatement. <br /> <br />Motion to approve by Council Member Poston. Council Member Manning - second. <br />Motion carried - 7 ayes, 0 nays. <br /> <br />4. <br /> <br />There being no further business, the meeting was adjourned. <br /> <br />CURTIS FENDLEY, MAYOR <br /> <br />JANICE ELLIS, CITY CLERK <br /> <br />- <br />j <br /> <br />I <br />