PORTAGE | The Portage City Council last week approved a 10-year abatement for a speculative building at AmeriPlex at the Port.
Jim Fitzer, director of the Portage Economic Development Corp., said Holladay Properties is planning to invest $4.5 million in a 50,000-square-foot speculative building on AmeriPlex Drive.
Mike Mika, vice president of Holladay Properties, said the abatement will be passed on to the tenant when the building, scheduled to be completed in June 2013, is leased. He added the abatement allows the company to be more competitive in the market.
In other business, the council:
• Approved a resolution expanding the Southport Allocation Area, or tax increment financing district. The city is proposing to expand the district by adding 17 parcels targeted for purchase or special projects by the Redevelopment Commission.
• Approved repealing language in city code that required motorcyclists to ride with helmets in the city.
• Approved the state-mandated anti-nepotism ordinance barring municipal employees from immediately supervising relatives who work for the city.
• Approved an ordinance allowing the use of digitized signatures on city documents, which will streamline operations in the clerk-treasurer's office.
• Approved changes in the city's major illness leave policy to bring it in line with the Family Medical Leave Act.