Firm Awarded Contract


October 30, 1991

SYKESVILLE — MAS Contractors Inc., a general contracting firm owned by Rajerao Mattegunda, has been awarded a $364,586 Air Force contract.

The nine-month contract calls for the company to repair hangar doors at Langley Air Force Base in Virginia. MAS Contractors had the low bid, said Mattegunda.

The Air Force contract is just one of several military jobs the company is handling. MAS has a $2 million contract from the U.S. Army to put an addition on a building at an installation in Harrisburg, Pa.

The company also has a $500,000 contract with Martin's Airport in Baltimore County.

MAS Contractors was incorporated in 1984 and employs four full-time workers, plus about a dozen temporary people for contract jobs, Mattegunda said.



WESTMINSTER -- The Small Business Development Center office is open 1-4:30 p.m. Nov. 5, 12, 19 and 26 for free individual counseling about small business problems.

Mike Fish, business counselor, is available to consult with business owners and start-ups on financing, marketing, business plans and other topics.

The office isat 125 N. Court St. in the Office of Economic Development.

Information: 857-2070.



SYKESVILLE -- The Town Council completed its final step to approving a $1.5 million state and county loan package for the Raincliffe Center Monday night by passing the required ordinances and resolutions for financing.

Attorneys for the town and developer, Security Enterprises Inc. of Ellicott City, Howard County, assured the council that several layers of protection had been written into the loan agreement so the town should not have to repay the loans from general funds in case ofa default by the developer.

Rather than the developer borrowing the money from the state and county, the town is borrowing the money, then lending it to the developer.

Three of the ordinances passed Monday authorize the town to borrow $500,000 from the Maryland Industrial Land Act; $750,000 from the Maryland Industrial and Commercial Redevelopment Fund; and $250,000 from the county.

A fourth ordinanceauthorizes the town to acquire the 32-acre property for development of the necessary infrastructure, including access roads and water andsewer lines.

Two of the resolutions create special tax districts for the center, needed to guarantee that revenue generated from the center will be used to repay the loans to the town. A resolution is needed for the county loan and another for the state loans.

A third resolution authorizes the town to enter into an installment agreementwith Security for development of the property. This allows the town to lend the developer money from the loans on an installment basis asneeded for construction.

Baltimore Sun Articles
Please note the green-lined linked article text has been applied commercially without any involvement from our newsroom editors, reporters or any other editorial staff.