Warren County Board of Supervisors agenda itema
Published 12:00 am Tuesday, December 22, 2009
Meeting Monday, the Warren County Board of Supervisors:
• Endorsed $25 million in Gulf Opportunity Zone bonds to finance improvements at International Paper. The Katrina-inspired bonds will pay for infrastructure improvements at the Redwood plant, such as boiler upgrades and replacements of obsolete parts that had been delayed by a May 3, 2008, explosion at the mill.
Terms call for the county to own the project for 10 years, then turn it over to the company. Local governments have sponsored $120 million in GO Zone bonds for the company since 2006. Any tax exemptions approved as part of subsequent agreements would not involve school taxes. A required hearing on the bond issue will be held Jan. 19.
• Awarded a contract for workers compensation insurance to Mississippi Public Entity Worker’s Compensation Trust. The self-insured plan carries a $170,947 annual cost.
• Approved a tax abatement for Vicksburg Insurance, 2640 S. Frontage Road, pending final paperwork. The new construction, which replaced an abandoned building, was approved for the abatement June 25 by the City of Vicksburg.
• Approved checks totaling $28,750 to Ave-once Reed and Jennifer Sasser and two for $2,062.50 each to Rayburn & Associates as recipients and consultants in the 2008 HOME program for first-time homebuyers.