HomeMy WebLinkAboutC.054.93009_1333 (2)502
1. Polar Plastics qualifies for participation in the Iredell
Industrial Training Program.
1. Mitchell Community College is invited to work with Polar
Plastics and to review its request for expenditures and to
recommend for approval those reasonable, legitimate
expenditures for job training, education and skill enhancement,
up to $1,125.00 per employee per year for each employee for
whom Polar Plastics maintains an investment ratio of $75,000
per employee. The maximum reimbursement per year shall not
exceed $112,500.00, plus aalsomreduced by anyount earned uothersincentivdurines
the prior qualifying y
received from the County for water or sewer line extensions or
other incentives, and the maximum amount for which Polar
Plastics is eligible for reimbursement is $562,500.00 over a
five-year period following the first year of qualification,
less any amounts it received from Iredell County for water,
sewer or other incentives.
3. We extend to Polar Plastics a warm welcome to Iredell County
and instruct our officers and employees to reasonably assist it
in its move to Iredell County.
This 26th day of August, 1996.
ADJOURNMENT: MOTION by Chairman Haire to adjourn the meeting
MEETING:
Wing Conference R om redell County mnty Government Center. South
VOTING: Ayes - 5; Nays - 0.
Approved: ah « e %Iaz e
71 Clerk to the Board
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