$300K in grant funds approved for an access road at The Point
IRONTON -- The Lawrence County Board of Commissioners agreed Thursday to set aside more than $300,000 in community development block grant funds for an access road to the site of the new Intermountain Electronics building at The Point, a South Point industrial park.
The $4.4 million project will bring in an estimated 18 jobs initially, with employment expected to go up to 35 several years down the road, Commissioner Bill Pratt said.
The guarantee of completion approved by the board calls for the county to set aside block grant funds for an access road and drainage to the site of a 60,000-square-foot building currently under construction at the industrial park.
"This allows us to move forward on the access road project," said Bill Dingus, executive director of the Lawrence Economic Development Corporation, which is overseeing development at the industrial park.
"Construction is moving along," Dingus said. "They were pouring the floor today. The building is expected to be finished by the end of the year. We plan to get the bid out for the access road project in the next few days."
The Utah-based Intermountain Electronics is spending $2,269,500 on the building and $1,618,698 in machinery. The project also includes $491,000 for infrastructure improvements and $49,000 for professional fees and architectural/engineering fees.
In other action, County Treasurer Steve Burcham reported that his office could sell another 10 to 12 properties to the Huntington Area Habitat for Humanity in the next four to six weeks. Habitat bought a tax lien on a parcel in Rome Township earlier this week that currently is planned for the group's first home site in Lawrence County.
"One of their biggest obstacles is acquiring property," Burcham said. His office can offer the tax liens on abandoned properties for $1. "This will allow us to get rid of eyesores like these abandoned properties and get them back on the tax rolls."