City of Columbus Waives Debt for Local Business
THE DISPATCH –
The city of Columbus has agreed to forgive about $80,000 clothing manufacturer American Power Source, located at 826 17th Ave. S., owes on its property note. In exchange, the company must pay property taxes and note payments that are delinquent and keep its employment at a minimum of 30 jobs. Photo by: Alex Holloway/Dispatch Staff
City Attorney Jeff Turnage reported that the city and Golden Triangle Development LINK worked out an agreement which would see military clothing manager American Power Source Inc. repay roughly $66,000 worth of back taxes and note payments to the city, the county, and the city school district, in exchange for the deed to the manufacturer’s property and other considerations. The agreement also requires that the company continue to do business at their current location, as well as maintaining current employment for local workers.
“In the past three to four years,” the agreement states, “APSI has unfortunately experienced a substantial reduction in orders and sales volume for U.S. military uniforms that it produces due, at least in part, to a shift in the production of such uniforms to U.S. prisons.” Because of slumping production, American Power Source has missed several note payments and ad valorem tax payments for 2014-16. The resolution notes a “substantial likelihood” the company would fail to make the remaining note payments.
Ward 4 Councilman Marty Turner, who cast the one opposing vote, did so because he said he didn’t feel it was in the best interest of his ward or the city as a whole. He encouraged people to research the company and agreement, and said he felt more people should have been involved before the final decision. “It could have been much better if more people were involved for the disclosure of what was going on,” Turner said. “It could have been much better. I don’t just necessarily disagree with everything, but if we would have had a better deal, then I would have went along with it . . .It seems like the government is leaving the ordinary people out of the discussion, and their representatives are just voting just to vote,” he added.
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