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Home My Public Portal About2002-201 1 RESOLUTION NO. 2002 - 20 A RESOLUTION AFFIRMING HEARTLAND AUTOMOTIVE LLC (1997 Expansion) OF COMPLIANCE WITH STATEMENTS OF BENEFITS WHEREAS, Heartland Automotive LLC has heretofore been granted certain tax abatements in consideration of certain benefits for the City of Greencastle; and, WHEREAS, said company has submitted a from CF -1 as of February 25, 2002 for tax abatement granted in 1997; and WHEREAS, the Greencastle Common Council has reviewed the CF -1 form, a copy of which is attached hereto, and has found compliance with the Statements of Benefits as approved by the Greencastle Common Council; NOW THEREFORE BE IT RESOLVED that the Common Council of the City of Greencastle, Putnam County, Indiana, approves the CF -1 form as submitted as being in compliance with the Statements of Benefits previously filed by Heartland Automotive LLC. BE IT FURTHER RESOLVED that this Resolution of the Greencastle Common Council be made a record and filed along with the CF -1 form with the Putnam County Auditor. PASSED by the Common Council of the City of Greencastle at its regular meeting this 14th E day of May, 2002. COMMO COUNCIL OF THE CITY OF GREENCASTLE, INDIANA x /CZ � /v. / LIPVrnl L Mark N. Hammer Thmas W. Roach V , Robert Sedlack Approved and signed by me this 14th day of May Pamela S. Jones, 2002 at y� p.m. o'clock. Fct,�c l Nancy A. Mi ael, Mayor iw COMPLIANCE WITH STATEMENT OF BENEFITS FORM State Form 44973 (R4 / 12 -01) C f_,� Pfesaibed by the Department of Local Government Finance INSTRUCTIONS: 1. Property owners whose Statement ofbenefits was approved after Jane 30, 1991 must rile this form with the County Auditor and the local Designating Body to show the extent to which there has been compliance with the Statement of Benefits. (This does not apply to property located in a residentially distressed area). (IC 6-1.1-12.1-5,6) 2. If the deduction applies to Real Estate and Improvements, then this form must be filed with the initial deduction application and then annually within saty (60) days after the end of each year in which the deduction is applicable. 3. For New Manufacturing Equipment or New Research and Development Equipment, this form must be filed with Form 322 ERAIPP, ME, or R and DE respectively between March 1 and May 15 of each year, unless a filing extension under IC 61.1 -3.7 has been granted A person who obtains a filing extension must file between March 1 and the extended due date of each year. 4. With the approval of the designating body, compliance information for multiple projects maybe consolidated on one (1) compliance form (CF- 1). Poem CF -1, page 1 - Copynght ® 2002 015, Inc. ClienUL� 35-202685 Name of taxpayer Heartland Automotive, LLC Att.r m to F. CF -1. page 1. Section 2 - Copyngm 0 2002 DIS, Inc. CI I n. 35-202685 r ye '='i 2T,� .c 'r , O - E'DES G 1 G BODY - �TSk..rr..�r.. `t a�i. w rw � ''r s.� ffkl ,?. ..:.£ a w�, �Hnt ; «- -. ` .'sYti s"? :aas. a' , *'".. ms4.? -;G, ival`. x J, "i INSTRUCTIONS: (IC 6-1.1- 121 -5.9) I. 4Yrthin foryfive (45) days after receipt of this farm, the designat body may determine whether or not the propery owner has substantially comptied with Me Statement of Benefits. Bthe property owneris found NOT to be in substantial compliance, the designating body shall send the property owner written notice. The notice must include the masons for the determination and the dale, time and place of a hearing to be conducted by the designating body. If a notice is mailed to a property owner fornew manufacturing equipment and /or research and development equipment, a copy of the written notice shalt be sent to the State Board of Tax Commissioners. 3. Based on the information presented at the heating, the designating body shall determine whether or not the property owner has made reasonable effort to substantially comply with the Statement of Benefits. 4. Ifthe designating body determines that the property owner has NOT made reasonable effort to comply, then the designating body shall adopt a resolution terminat the deduction. The designating body shall immediately mail a certified copy of the resolution to: (1) the property owner, (2) the County Auditor, and (3) the State Board of Tax Commissioners. We have reviewed the CF -1 and find that ❑ the property owner IS in substantial compliance ❑ the property owner IS NOT in substantial compliance ❑ other (specify) Date signed (month, day, year) Reasons for the determination (attach additional sheets ifnecessary) Signature of authorized member Date signetl (month, day, year) Attested by: Designating body If the property owner is found not to be in substantial compliance, the property owner shall receive the opportunity for a hearing. The following date and time has been set aside for the purpose of considering compliance. Time of heading Date of hearing Location of hearing ❑AM ❑PM C HEARING RESULTS (to be completed after the hearing) Approved Denied (see instuction 4 above) Reasons for detemlination (attach additional sheets if necessary) Signature of authorized member Date signed (month, day, year) Attested by: Designating body APPEAL RIGHTS PC 6- 1.1- 12.1.5.9(e)] property owner whose deduction is denied by the designating body may appeal the designating body's decision by filing a omplaint in the office of the Circuit or Superior Court together with a bond conditioned to pay the costs of the appeal if the appeal is determined against the property owner. Form CF -1, page 2- CopyngN ® 2002 DIS, Inc. ClienULOc -. $all <F0f111 zYfsr mgr tO-931 {r <�.. Form So - 1 to prv=i ed by tM _ of Tas Comm:ss <n. 19a9 INSTRUCTIONS: ® 1, ThIS tfalemenl musl be submitted to the body designating the economic reritiliiration area prior to the public hearing if the minion from the applicant in making its decision about whether to designate an Economic Revitfiration Area- Otherwise this m es i to the designating body BEFORE a person instaes the new manufacturing equpment, or BEFORE the redevelopment Orr state which the person Wishes to daim a deduction. A statement o ved bl no t req if the area was designated an ERA poor a jot , and July 1. 1987andd areeaassd commi er 1, 1987reeq STATEMEN the na TOFBENEFtTS. (IC�j r r i) dale: Pmjeas • p(arv t ty « co wx Z Auroral of the designating body (City Council. Town Board, County Council, etcj must be obtained prior to initiation O f Me r or prior to insl aeation • BEFOREadeduction maybe awoveac orleha6 t; 1. re spect deaf obtain a deduction, p F orm E ERRA R musst be Geed b�ihe later oF� /Maw ZERA / (3 New Machinery, e2 no must in /icy with the �,�, ALe propertya re a EAA (1 Y () rJt' pot days after a no tice o(kxrease b rotrl & received from the totvrtsA77 assessor. Form 32'1 / PP must be (Jed between March f and May 15 of the assessment r p, �, � �e � 1 4 become Assess"O. unless a GGrg exfension has been obtained. A person who obta= a (Xuy extension must fie the f m bat !. Property owners whose Statement of Benefits was approved after July 1, 1991 must subunit Form CF- I anrwaBy to show txulp6ar>ce witlt g gy Benefits. (106•).1•J21.5,6J �Namo of taxpayer Heartland Automotive, Inc. AQdress of er street"number, t taxpay ( Crry: stale and ZIP ea7el 300 South Warren Drive Greencastle, Indiana 46135 (Name of contact person — Teleplwne ttuntbet Ms. Bonita Stacy (317 1653 -4263 of designating body Common Council, Ci Of Greencastl xt of property 300 South Warren Drive AM oe=Qt0n of real property Liprovemerts anti l or new manulactrring equipment to be accrued (usa edddion. My sheets d necessary) 45,000 square foot building addition to be constructed between April 1 and September 30, 1997 and new manufacturing equipment shown on attached listing. (please see attached sheet.) nub Isawies INumberretained IN. e City April 1, 1997 stimated Conplelion dale March 1, 2000 0 CAW `geat'Estatetmj roVemenls. �, ;tr E7Behloery �et¢srrntt��rJrea•>�i Ll•�47. aulPw ae reepresennaLVe / � I I in this �re5 � CU t 3 /2 S /4 year Plus estimated values of proposed project 2,500 700 000 8, , 90 less valves of any property being replaced Net estimated values upon completion of project 5 327 816 1 341 j 20 26 1 949 9 e have reviewed our prior actions relating to the designation of this economic revitalization area and find That the applicant meets the general standards adopted in the resolution previously approved by this body. Said resolution, passed under li 1.1 -12 1.2.5, pro IC - vcdes for the following. limitations as authorized under IC 6.1.1- 12.1 -2. 11 months designation expires is 1, 2 B. The type of deduction that is allowed in the designated area is limited to: 1. Redevelopment or rehabUMUOn of real estate improvements; Q: Yes ❑ No 2- Installation of new manufacturing equipment: Q Yes ❑ No - residentially distressed areas ❑ Yes P No C. The amount of deduction applicable for new manufacturing equipment installed and first claimed eligible for deduction after Juty 1, 1987, Is Iinlfled to S 8 229,000 cost with an assessed value of S ' Tn 1� rlet-o i 0. The amount of deduction applicable to redevelopment or rehabilitation in an area designated after September 1, 1988 is limited is y 2,5 000 cost with an assessed value of S To be determined_ E Other limitations or conditions (spedlyJ No tax abatement on tooling. F. The deduction for new manufacturing equipment installed and first claimed eligible for deduction after July 1, 19911s allowed for Iff 5 years ❑ 10 years 10 years on real estate improvements Also we have reviewed the information contained in the statement of benefits and find that the estimates and expectations are reason able and have determined that the totality of benefits is sufficient to Nsfily the deduction described above. ( 7 I April 9, 1997 - , Greencastle City Courici_1 It the designating body limits theY1me period during worth an area is an economic revitTrzation area, it does not furl the length of tin a taxpayer is entitled to receive a deduction to a number of years designated under IC 6.1.1- 12.1.4 or 4,5 Namely: (see tables befo Please see Resolution 1997 -12 ? $ jiEPJ Fin (5) Year I Pe rcentage Ten(10)year Percentage � � `�: _CTiIBIHGEt)U ', , ,r.,.et,..lnwlwneelrenuaA r;K.�APCd0d0}: � '• +• Year of Deduction Fin (5) Year I Pe rcentage Ten(10)year Percentage 1 st 100% 2nd 95% 3rd 80% 41h 65% 5th 50% 130%1. 6th 71h I 81h i 9th I 10th I 25% Year of I Three (a) Year I 61x (6) Year I Ten (10) Y Deduction Deduction Deduction Oeducuc 2nd .i 6696 — 85% - 95% fa•1M 61h 17% 1 40 '/• 9111 1 I 10 A The designated area has been ftmited to apc dod of time not to exceed 2 years calendar years' (see below). The date this AMC E 0 HEARTLAND AUTOMOTIVE, INC. ATTACHMENT TO STATEMENT OF BENEFITS The items listed below are pieces of new manufacturing equipment for which . tax abatement is requested. Descripton of Equipment Purchases 1.) 650 Ton Injection Mold Press Estimated Cost Date Installed $ 520,000 September -97 2.) Powder Slush Machine 3.) Preheating Press 4.) Water Jet Trimming Machine 5.) 550 Ton Injection Mold Press 6.) 850 Ton Injection Mold Press Total Equipment Purchases 3,250,000 October -98 1,950,000 October -98 1,300,000 October -98 494,000 February-99 715,000 February-99 $ 8,229,000 NOTE: Cost shown above represents estimated current cost installed, plus 30 %. The 30% increase in value is made to account for any increase in the purchase price, freight and /or installation cost that may be incurred by the time the equipment is actually installed. E HEARTLAND AUTOMOTIVE, LLC E.I. 435-2026865 A STATEMENT ATTACHED TO AND MADE APART OF FORM CF -1 COMPLIANCE WYFH STATEMENT OF BENEFITS AS OF DECEMBER 31, 2001' The foregoing tax return was prepared by the undersigned or under their direction. The facts stated therein were obtained from the taxpayer's records and other sources considered to be reliable and are believed to be true and correct. ,q a a i � Tara J. Kamm Date Representative of Arthur Andersen LLP I I I Monument Circle, Suite 4300 Indianapolis, Indiana 46204 E.I. 4 36- 0732690 E