(Harlan) The Shelby County Board of Supervisors approved a funding request for a business venture at their meeting last week.
According to the minutes, John and Andy Schechinger asked the Supervisors to assist with funding for a business venture that has had over a decade of development. The request for funding was in the amount of $11,000. Fiberfactor Feeds asked for funding to be spent on a feasibility study and an environmental survey required as some of the first steps to get the project initiated. The Supervisors have the dollars required in their current fiscal year 2021 budget to fund these two items and the Shelby County Supervisors have a history of funding such projects. Supervisor Kenkel made a motion to approve the investment spending, Haake seconded the motion. Parkhurst, Kenkel and Haake all voted in favor of the motion to provide the $11,000.00 to complete the environmental survey and feasibility study.
The project cost could reach 5 to 6 million dollars and 10-15 employees as well as supplies and support from local businesses.
The Supervisors also approved a resolution authorizing loan to tax increment revenue fund following a public hearing in which there were no public comments. This is an annual loan from the General Basic Fund to the TIF fund. The loan keeps TIF operating Capital at levels enough to cover fiscal year 2021 TIF project spending.
