The Cape Girardeau County Commission will discuss a resolution for Chapter 100 Industrial Bonds during a special session at 11 a.m. today at the Cape Girardeau County Administration Building.
Missouri statutes allow counties, cities and other municipalities to issue bonds to finance the costs of industrial development projects for private corporations. This economic development tool offers property tax abatements and a sales tax exemption on construction materials for the project.
The county's most recent use of Chapter 100 bonds was for Nordenia's Hubble Creek Plant in the Jackson Industrial Park off U.S. 61. In June 2011, the county issued $25 million in Chapter 100 bonds for the Nordenia Project.
1 Barton Square, Jackson, MO