Lima City Council voted to approve an Enterprise Zone Agreement with Logoplaste Lima, LLC at Monday night's meeting. Council voted to approve the agreement with Logoplaste Lima, LLC. It will guarantee the plastic packaging company a 75% exemption of property taxes over the course of 10 years. Within the zone agreement, a 100 thousand square foot manufacturing facility will be built on commerce parkway. It will cost approximately 5 million dollars, plus an additional 30 million for machinery and equipment. Within the first 3 years of the enterprise's operation, it's expected to generate 51 permanent full-time jobs.