Metropolitan Development Commission Agenda Packet 2026-06-17
Five-Year Tax Abatement Proposed for Olson Custom Designs
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Description
The Metropolitan Development Commission advanced a preliminary resolution granting Olson Custom Designs LLC a five-year personal property tax abatement on up to $15 million in new CNC, automation, and IT equipment at 6803 Coffman Road. The Economic Revitalization Area would terminate December 31, 2030, with a front-loaded abatement schedule to support significant job creation.
Contract Details
Vendor
OLSON CUSTOM DESIGNS LLC
Agency
City of Indianapolis, IN
Contract Type
FINANCIAL_SERVICES
Document Date
June 17, 2026
Contract Term
five (5) years personal property tax abatement; ERA designation terminates December 31, 2030
Renewal Date
2030-12-31
Renewal Info
Preliminary ERA designation ends December 31, 2030; final designation and detailed survey dates will follow a confirming resolution after the July 1, 2026 hearing. Deduction amount is capped per IC 6-1.1-12.1-2(i).
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