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The Daily



09-30-03: CAPT donates instead of paying school taxes


Celina City Schools board of education agreed to a tax abatement that will waive taxes on a $17 million expansion project at Celina Aluminum Precision Technology (CAPT).
District Treasurer Mike Marbaugh outlined the 10-year tax abatement proposed by CAPT during a special Monday night board meeting. In lieu of paying taxes, the school district will receive an annual donation from the company for the next 10 years.
The 60 percent tax abatement of real estate and 100 percent on personal property (machinery, for example) will benefit both the school district and Jefferson Township, in which CAPT is located, school officials said.
“Based on (CAPT’s) working estimate, it’s likely the school will receive $100,000 to $150,000 over the next 10 years, but, again, that’s just an estimate and is a bit premature,” Marbaugh said of the donations CAPT will make to the school district.
As with all tax abatements, the school will begin collecting the year after the abatement is granted. Money realized will go into the permanent improvement fund.
“My understanding is that CAPT wants to break ground on the expansion as soon as possible,” Marbaugh said.
In the abatement agreement, the company has agreed to create 36 new full-time jobs. This is the fourth tax abatement for CAPT that school officials have approved in eight years. Marbaugh also noted that in the past four abatements CAPT has spent more on projects than was anticipated.
In other business, the board received a letter of resignation from Jackie Landrie, special education director, after 35 years service as a teacher and administrator. She will retire from teaching at the end of this contract year.
The board agreed to allow Superintendent Fred Wiswell to eliminate Landrie’s position and job description as well as those for assistant superintendent/-administrative assistant, which is presently unfilled.
Those position eliminations will permit combining the various responsibilities into a new job title, which Wiswell stressed is not a new job creation.
The superintendent, who will work with the teachers’ union to fill the position, said Landrie has volunteered to serve on a committee to interview candidates.
“This is a challenging area, and it’s imperative that we find a replacement quickly. I would hope we have someone in place by the first of the year,” Wiswell said.


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