Elkhart City Council Meeting Agenda March 2026
Five-Year Tax Phase-in for Morryde Expansion Approved
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Description
The Elkhart City Council unanimously approved a five-year tax phase-in (abatement) for Morryde International, Inc. for $23 million in new building construction and $10 million in personal property investment at 309 Stainless Drive, supporting 20 new jobs.
Contract Details
Contract Amount
$23,000,000.00 new building construction; $10,000,000.00 in personal property; five-year real and personal property phase-in
Vendor
MORRYDE INTERNATIONAL INC
Agency
Town of Elkhart, IN
Contract Type
OTHER
Document Date
March 2, 2026
Contract Term
Five-year real property and five-year personal property abatement
Renewal Date
2031-02-02
Renewal Info
Five-year abatement, not automatically renewable; applies to both real and personal property.
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