Delaware City Council last week unanimously approved an incentive package for a Chicago firm looking to move into Delaware's industrial park.

Delaware City Council last week unanimously approved an incentive package for a Chicago firm looking to move into Delaware's industrial park.

Council on Monday, May 11, gave City Manager Tom Homan the ability to enter into an incentive agreement with Precision Tower Products.

In the deal, the firm would receive a 15-year, 100 percent property-tax abatement on improvements to a yet-to-be determined property on Pittsburgh Drive. The firm has estimated the total cost of a new 55,000-square-foot facility at the site at $3.7 million.

According to Precision Tower Products' website, the firm makes and installs steel products used to reinforce wireless-communication towers.

The company, which is consolidating offices in Chicago and Ostrander, would employ 35 workers, although 12 would be field technicians who would not likely pay city income taxes.The company's taxable payroll has been estimated at $2 million annually. According to the city, the total value of the abatement would be about $600,000.

City officials previously have said the company also is considering the possibility of moving into an existing building in the industrial park. If that occurs, the incentive agreement between the city and the company would be voided.