FORT WAYNE, Ind. (WANE) – Tuesday evening, the Fort Wayne City Council voted to move a bill out of committee to grant to help Do It Best retain its international headquarters in Fort Wayne.
In a 6:3 vote, the council approved a maximum grant of $2 million over seven years to help Do It Best retain its 413 full-time equivalent positions and add 90 new full-time employees with an annual wage of $75,000.
According to the resolution, the council expects the first payment to be made in 2023 after the company relocates to Electric Works.
In the agreement, if Do It Best moves from the Electric Works West campus or closes down its operations during the disbursement period, it will forfeit the remaining payments.
- Paul Ensley (1st District): NO
- Russ Jehl (2nd District): NO
- Tomas Didier (3rd District): YES
- Jason Arp (4th District): NO
- Geoff Paddock (5th District): YES
- Sharon Tucker (6th District): YES
- Michelle Chambers (At Large): YES
- Glynn Hines (At Large): YES
- Tom Freistroffer (At Large): YES
The final vote is scheduled for a later meeting.
Also on the agenda Tuesday night was The Loft at Headwaters Park Project. That project will bring apartments, townhomes, a parking garage, and commercial space along Superior Street. The project is scheduled to start in April 2022.
Council also voted on an ordinance that would have the Public Works Department provide the council with a plan on what streets the department plans on improving.
“So there is a website that you can go out and see the condition of your street and now you will be able to know based on the budget when it comes, what street within the budget year will be taken care of and a rough estimate of following streets that could be repaired in the followings year,” Councilwoman Sharon Tucker said.
The next Fort Wayne city council meeting is Sept. 28.