NTK tax abatements approved by city council
The council on Thursday passed two resolutions providing a 10-year tax abatement on the company's
Last month the council approved a resolution which granted NTK a waiver to apply belatedly for the property and equipment tax abatements.
Even with the abatement, NTK will pay
Winkler said the company's annual payroll is estimated at
NTK plans to create 198 jobs in
He said sister company
"NTK did not file their appeal for the real and personal property tax abatements in a timely fashion," Winkler said at the May meeting when the waiver was granted.
Winkler said as part of the agreement between
Winkler said over the next 20 years,
NTK is a subsidiary company of NTN, which started production in
The
In other business
Local resident
"I brought this to the council last year," he said. "There is no bite in the fireworks ordinance."
The current ordinance, adopted in 2006, restricts the use of fireworks between
"I hear them in June and August," Gegenheimer said.
Acting council chairman
"We will take your proposal to the city's legal staff," he said.
Councilman
"We have a good ordinance," he said. "We need to get the police department to enforce it."
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