The project will be owned by Fitz-land LLC and leased toFitzpatrick Manufacturing, which will makecomputer numericalcontrol machining, turning and milling of parts for theautomotive,mold and special machine industries.Industrial Development RevenueBonds are issued to finance projectsfor manufacturers, solidwaste/cogeneration companies and certain nonprofitcorporations.IDRB financing lessens the cost of borrowing because theinterestpaid to the bond buyer is exempt from federal, state andlocaltaxes.
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