Bonds for rubber plant expansion approved

Published 12:16 am Wednesday, February 10, 2010

Vidalia — With no objection from the public, the Vidalia Board of Aldermen voted Tuesday night to go ahead with plans to issue $2.8 million in general obligation bonds to fund the construction of an expansion to the Louisiana Elastomer facility.

LAEL will make monthly payments to the city until the sum is paid off.

The board amended its budget at Tuesday night’s meeting to reflect the LAEL lease.

LAEL announced plans last month to expand its operations.

The new facility will represent a $4 million investment on the part of LAEL, and is projected to create 86 jobs by 2012.

It will be used to manufacture and house a chemical used in LAEL’s rubber recycling process.

LAEL’s existing facility employs 35 people and began operations in 2009.

In other business, the board approved an occupational license for John W. Floyd and Vidalia Auto Repair and Sales.