A Toledo company moving 40 jobs to Maumee will get paid for doing so.
City Council last week approved an application from Industrial Power Systems Inc. for participation in Maumee's Job Creation and Retention Job Grant Program.
The industrial contractor, which specializes in mechanical and electrical construction and other building services, will receive up to $11,000 a year for the next five years from the city.
In return, it must maintain its 40-person corporate work force and payroll in Maumee for a minimum of 7.5 years.
Failure to do so could require the firm to reimburse Maumee for all of its grant payments.
In June, the Andersons Inc. qualified for $90,000 over nine years through the same cash-for-jobs program.
The Andersons has announced plans to expand its operations in Maumee and plans to add 75 jobs with an annual payroll of $2.2 million.
Kirk Guy, Industrial Power Systems' chief financial officer, told council that his firm looked at Michigan sites but settled on a location at 1650 Indian Wood Circle.
Mr. Guy said the company's fabrication and fleet maintenance operations would remain at their 410 Ryder Rd. location in South Toledo.
In other action, council:
•Approved paying $44,914 for a high-pressure breathing air system for the fire division.
Received notice from David Hazard, the city s clerk-finance director, that the 2006 financial report has been submitted to the Government Finance Officers Association.
Approved a $28,000 contract with the Public Defender Commission of Lucas County.
Approved street lighting assessments totaling $267,085.30 in addition to unpaid charges for weed cutting of $7,748.50.
Approved a change order of $97,305 for additional work for improvements to Russell Road and Fallen Timbers Lane.
Approved paying $2,490 to Page Roofing and Siding for a roof replacement at 133 East John St.
Approved a $1,794 contract with Fish Window Cleaning.
Approved a $15,000 contract with Poggemeyer Design Group Inc. for administrative services related to the city s downtown grants program.
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