WJJQ LOCAL NEWS
Merrill Council approves Hurd aids

Wednesday, September 28, 2011

Last night Merrill City Council approved several measures to aid Hurd Windows and doors.

Most notably, City leaders agreed to give the window manufacturer $200,000 loan that the company won't have to repay if it creates at least 75 jobs in the next three years.

Council members voted unanimously to approve a development agreement between the city and Hurd. Hurd's subsidiary, Superseal Windows & Doors, plans to begin operating out of Hurd's existing facility on Water Street this fall.

Council members also approved a measure to create a new tax increment district on the city's west side. Officials expect the new district, aimed at decreasing blight on the west side, to generate enough property tax revenue to offset the $200,000 that will be given to Hurd.

The city's general fund initially will pay for expenses of the new tax district, including Hurd's loan. The city will not borrow money to cover any expenses associated with the new district.

The loan will be paid to Hurd within 30 days of the city and company signing the agreement. If Hurd creates 75 new jobs by December of 2014, the loan will become a development incentive with no repayment requirement. The company has said it hopes to have 150 employees at the new plant when at full capacity.

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