Hobart Common Council Resolution 2024-14 August 2024
Hobart OKs Development Agreement With Daifuku
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Description
The City of Hobart approved a Development Agreement with Daifuku Intralogistics America Corporation for a $27.39 million facility expansion and $11.23 million in new equipment at 6300 Northwind Parkway. The project is supported by a 10-year real and personal property tax abatement schedule contingent on compliance with agreement terms.
Contract Details
Contract Amount
Construction Cost: $27,394,357; New Equipment Cost: $11,230,000
Vendor
DAIFUKU INTRALOGISTICS AMERICA CORPORATION
Agency
City of Hobart, IN
Contract Type
OTHER
Document Date
August 7, 2024
Contract Term
10-year real and personal property tax abatement schedule
Renewal Info
Development Agreement incentives are structured as a 10-year declining real and personal property tax abatement schedule; continuation of benefits depends on Daifuku’s compliance with agreement terms and applicable resolutions.
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