Calico Rock based Ozark Ironworks received an endorsement for admission into the Arkansas State Tax Back Program April 12 from the Calico Rock City Council.
The council's approval was a boost for Ozark Ironworks because it is facing financial problems, said Calico Rock Recorder/Treasurer Gary Teague. Ozark's largest customer, Longaberger Basket Company, hasn't renewed its contract, he said. CRIDC spokesman Steven Mitchell said the company is looking at three new contracts with other companies, but if a deal isn't worked out, the Ironworks could close July 15.
Teague said the tax back program is an incentives based program that gives companies tax breaks if they expand their operations for the purpose of hiring more employees. The city in which the business is located must send a letter of approval from its governing body.
The vote was unanimous.
Teague said the city is actively searching for another business to relocate in Calico Rock if the Ironworks closes.
In other news, Mayor Ronnie Guthrie said there was no change in the Wideman water project. He said the city is waiting for the completion of the easement work and for additional residents to sign up for water meters.
The mayor said repairs to Maple Street will begin when the whether warms and repairs to the school auditorium are completed. He said the new restrooms at Rand Park are open to the public.
The city council voted to amend City Ordinance 86-1. The amendment, 2004-01, changes the governing body of the municipal airport in two ways. The municipal board will add two members, going from five to seven, and board members will retain their positions for life, unless the mayor and three-fourths of the city council decide to remove them.