Knox City Council To Discuss Tax Abatement for Reagent Chemical

Knox Mayor Rick Chambers

The Knox City Council will discuss a number of important topics at their meeting tonight, including a tax abatement request by Reagent Chemical and Research, LLC.

Mayor Rick Chambers explained that because he did not receive the paperwork for Reagent’s tax abatement until yesterday morning, it is unlikely that they will be able to approve the abatement at their meeting tonight. Chambers said that the city attorney, David Matsey, needs more time to go over the paperwork and ensure its accuracy.

The business is requesting a tax abatement in hopes of expanding and bringing in new equipment, Chambers explained.

Chambers said this has been an issue in the past, as Hoosier Custom Plastics requested a tax abatement and the paperwork was not filed in time, causing the matter to be pushed back three times. Therefore, Chambers said the matter will likely be tabled until the next meeting.

The council will also discuss the possibility of extending Main Street further south, and they will also discuss the idea of a four-way stop at the intersection of Portland and Lafayette streets.