HomeMy Public PortalAbout002-2018 - Abatement - Omen USA - EquipmentCOMMON COUNCIL OF THE CITY OF RICHMOND, INDIANA
ORDINANCE NO.2-2018
A SPECIAL ORDINANCE AUTHORIZING THE APPROVAL OF A
STATEMENT OF BENEFITS FOR A PROPERTY OWNER
APPLYING FOR DEDUCTIONS UNDER I.C. 6-1.1-12.1 WITH ALTERNATIVE
ABATEMENT DEDUCTION SCHEDULE
WHEREAS, The Common Council of the City of Richmond, Indiana, has previously designated
eight economic revitalization areas within the City of Richmond; and
WHEREAS, I.C. 6-1.1-12.1 requires the Common Council as the designating entity to approve all
Statements of Benefits required to be fled by property owners applying for
deductions in assessed valuations for the installation of new manufacturing
equipment or for the redevelopment or rehabilitation of real property; and
WHEREAS, An owner of real property located in an economic revitalization area is entitled to
deductions from the assessed value, pursuant to Indiana law, for a period of any
number of years less than or equal to ten (10) years (i.e. one to ten years); and
WHEREAS, An owner of new manufacturing equipment is also entitled to deductions from the
assessed value, pursuant to Indiana law, for a period of any number of years less than
or equal to ten (10) years (i.e. one to ten years); and
WHEREAS, In order for the Common Council to approve a Statement of Benefits to allow a
standard deduction, it must make the following findings, to -wit:
1. That the estimate of value of the redevelopment or rehabilitation, as to real
property, or the estimate of cost of the new manufacturing equipment,
research and development equipment, logistic distribution equipment, or
information technology equipment, as to personal property, is reasonable for
projects of that nature or equipment of that type.
2. That the estimate of number of individuals who will be employed or whose
employment will be retained can be reasonably expected to result from the
proposed described redevelopment or rehabilitation, or from the installation of
the new manufacturing equipment, research and development equipment,
logistic distribution equipment, or information technology equipment.
3. That the estimate of annual salaries of those individuals who will be employed
or whose employment will be retained can be reasonably expected to result
from the proposed described redevelopment or rehabilitation, or from the
installation of the new manufacturing equipment, research and development
equipment, logistic distribution equipment, or information technology
equipment.
4. That any other benefits about which information was requested are benefits
that can be reasonably expected to result from the proposed redevelopment or
rehabilitation, or from the installation of the new manufacturing equipment,
Page 1 of 5
research and development equipment, logistic distribution equipment, or
information technology equipment.
5. That the totality of the benefits is sufficient to justify the deduction.
6. That installation of the equipment described in the SB-1 must be completed
within 24 months of the date the ordinance is signed by the designating body.
Further, the abatement is limited to the equipment listed in the SB-I.
7. That a deduction schedule was passed by Common Council pursuant to
Richmond City Ordinance Number 65-2013 and that said deduction schedule
is applicable to the deductions approved along with these findings.
WHEREAS, On January 17, 2012, the Common Council approved an ordinance establishing an
alternative abatement deduction schedule pursuant to IC 6-1.1-12.1-17, known as
Ordinance No. 76-2011, in order that a business that receives a deduction under IC 6-
1.1-12.1-4.5 may apply for the alternative deduction, provided that said business
provide proof of applicable justification for the requested deduction meeting the
following criteria:
Alternative abatement deduction schedule of 75% for 10 years if all of the
following requirements are met:
a. $3,000,000 minimum investment, and
b. A minimum of ten (10) new full-time employees are hired and maintained,
and
c. Wages paid to new employees must pay 50% above the state minimum wage,
and
d. Major medical health insurance is provided to all full-time employees, and
e. All improvements and new hires must be completed within three years of the
date of the signed ordinance approving the Statement of Benefits for a business,
and
f. Failure to meet any of the requirements outlined in a. through e. above shall
require that the alternative abatement deduction schedule revert to the standard
ten (10) year abatement deduction schedule outlined in IC 6-1.1-12.1-4d(10) for
real estate improvements and IC 6-1.1-12.1-4.5d(10) for personal property
beginning with the number of years remaining for the abatement (for example, if
a personal property abatement is in its 6th year, the final four years' deductions
would be 40%, 30%, 20% and 10%, respectively).
2. Additionally, if the minimum conditions outlined in #lb., #lc., and #Id. above
are met, increase the alternative abatement deduction described above by 5% if
the business invests a minimum of $5,000,000 or by ten (10%) percent if the
business invests a minimum of $10,000,000.
If the minimum conditions outlined in # 1 a., # 1 c., and # 1 d. are met, the Richmond
Common Council may increase the alternative abatement deduction described
above by 5% if the business adds a minimum of twenty (20) new employees, or
by ten (10%) percent if the business adds a minimum of thirty (30) new
employees.
Page 2 of 5
.71
4. If the minimum conditions outlined in # 1 a., # 1 b., # 1 c., and # 1 d. above are met,
increase the alternative abatement deduction described above by 5% if the
business pays at least double the state minimum wage for new employees hired.
5. The percentage increases described in #2, 0, and #4 above are independent of
each other. As such, a qualifying applicant could possibly achieve a one hundred
(100%) percent deduction.
6. A business requesting an alternative abatement deduction schedule shall provided
a letter requesting an alternative abatement deduction schedule and shall provide
proof of the applicable justification with the standard application materials.
NOW, THEREFORE, be it ordained by the Common Council of the City of Richmond,
Indiana, that the Common Council now makes the following findings:
1. That the estimate of value of the redevelopment or rehabilitation, as to real
property, or the estimate of cost of the new manufacturing equipment, as to
personal property, is reasonable for projects of that nature or equipment of that
type.
2. That the estimate of number of individuals who will be employed or whose
employment will be retained can be reasonably expected to result from the
proposed described redevelopment or rehabilitation, or from the installation of the
new manufacturing equipment.
3. That the estimate of annual salaries of those individuals who will be employed or
whose employment will be retained can be reasonably expected to result from the
proposed described redevelopment or rehabilitation, or from the installation of the
new manufacturing equipment.
4. That any other benefits about which information was requested are benefits that
can be reasonably expected to result from the proposed redevelopment or
rehabilitation, or from the installation of the new manufacturing equipment.
5. That the totality of the benefits is sufficient to justify the deduction.
6. That installation of the equipment described in the SB-1 must be completed
within 24 months of the date the ordinance is signed by the designating body.
Further, the abatement is limited to the equipment listed in the SB-1.
NOW THEREFORE, be it also ordained by the Common Council of the City of Richmond,
Indiana, that the following property owner meets the requirements for property tax assessed valuation
deductions, as follows:
MANUFACTURING EQUIPMENT —10 YEARS
Omen USA, Inc.
Current Jobs: 0
Jobs Retained: 0
Jobs Created: 31
Estimated New Value: $3,003,000.00
Dated: January 2, 2018
Page 3 of 5
NOW THEREFORE, be it also ordained by the Common Council of the City of Richmond,
Indiana, that in accordance with criteria #6 as listed on the alternative abatement deduction schedule,
the above -listed property owner has provided a letter requesting an alternative abatement deduction
schedule, has requested a ninety percent (90%) deduction for ten (10) years, and has provided proof
of the applicable justification to show that the property owner has met the following applicable
criteria:
A. The investment will exceed the $3,000,000.00 minimum investment
requirement in accordance with criteria # 1 a.
B. A minimum of ten (10) new full-time employees are hired and maintained in
accordance with criteria #lb.
C. Wages paid to new employees must pay 50% above the state minimum wage
in accordance with criteria #Ic.
D. Major medical health insurance is provided to all full-time employees in
accordance with criteria #Id.
E. The investment will exceed the thirty (30) new full-time employees
requirement in accordance with criteria #Ib and 0.
F. The wages paid to new employees will exceed double the state minimum
wage in accordance with criteria # 1 a., # I b., # I c., # 1 d., and #4.
G. All improvements and new hires will be completed within three (3) years of
the signed ordinance approving the Statement of Benefits in accordance with criteria # 1 e.
NOW THEREFORE, be it also ordained by the Common Council of the City of Richmond,
Indiana, that the above -referenced property owner may receive the requested ninety percent (90%)
deduction for the ten (10) year period.
Passed and adopted this .:f- day of by the Common Council of the
City of Richmond, Indiana.
ATTES .
(Karen Chasteen, IAMC, MMC)
President
Page 4 of 5
PRESENTED to the Mayor of the City of Richmond, Indiana, this day o
at 9:00 a.m.
(Karen Chasteen, IAMC, MMC)
A7ROVED by me, David M. Snow, Mayor of the City of Richmond, Indiana, this (e day of
jzV50V , 2018, at 95� n.
Mayor
vi M. S rlll-�
ATTESJ
(Karen Chasteen, IAMC, MMC)
Page 5 of 5
STATEMENT OF BENEFITS
PERSONAL PROPERTY
State Form 51764 (R4 / 11-15)
S rrrr Prescribed by the Department of Local Government Finance
INSTRUCTIONS.
FORM S134 i PP
PR ACY NOTICE
Any information conceming the cost
of the property and specific salaries paid
to individual employees by the property
owner is confidential per IC 6-1.1-12.1.5.1.
1. This statement must be submitted to the its � whetheernto Economic
an Econom Re ittalizallonn public Otherwise thisstatement must ust be body
information from the a rcant rn making its d '
to the d�sgnatfng bo BEFORE a person installs the new manufacturing equipment and/or research and deveopment equipment and/or
logistical distribution equipment andobr information technology equipment for which the person wishes to claim a deductimt.
2. The statement of benefits form must be submitted to the designating body and the area designated an economic revitalization area before the installation
of quafrfying abatable equipment for which the person desires to damn a deduction.
3. To obtain a deduction, a person must file a certified deduction schedule with the persons personal property return on a certified deduction schedule
(Form 103-ERA) with the township assessor of the township where the property is situated or with the county assessor if there is no township
assessor for the township. The 103-ERA must be filed between January 1 and May 15 of the assessment year in which new manufacturing equipment
androrresearch and development equipment and/or logistical distribution equipment and/or information tech equipment is instaged and fully
functional, unless a filing extension has been obtained. A person who obtains a filing extension must file the form n January 1 and the extended
due date of that year.
4. Properly owners whose Statement of Benefits was approved, must submit Form CF-IMP annually to show compliance with the Statement of Benefits.
(IC 6-1.1-12 l-&6)
5. For a Form SB-VPP that is approved after June 30, 2013, the des�'gnatiny body is required to establish an abatement schedule for each deduction allowed.
For a Form SB-11PP that is approved prior to July 1, 2013, the abatement schedub approved by the designating body remains in effect. (IC 6-1.1-12.1-17)
SECTION •
Name of taxpayer Name of contact person
Omen USA Inc Dror De -Porto
Address of taxpayer (street and number, city, state, ZIP code) Telephone
numb
1600 Rich Road Richmond IN 47374
765-200-6007
SECTONDESCRIPTiON OF • PROJECT
Name of designating body Resolution
number (s)
Richmond Common Council
10-1984; 11-1991
Location of property
County DLFG
taxing district number
1600 Rich Road Richmond IN 47374
Wayne
Richmond
Description of manufacturing equipment and/or research and development equipment ESTIMATED
and/or logistical distribution equipment and/or information technology equipment
Start Date Completion Date
(Use additional sheets If necessary,)
Manufacturing Equipment 01/01/2016 12/31/2019
see attached listing
R & D Equipment
Logist Dist Equipment
IT Equipment'
OF -•
Current number Salaries Number retained Salaries Number additional Salaries
b 0 0 Q 31 899,000
NOTE: Pursuant to IC 6-1.1-12.1-5.1 (d) (2) the MANUFACTURING R & D EQUIPMENT LOGIST DIST
EQUIPMENT EQUIPMENT
IT EQUIPMENT
COST of the property is confidential.
Cost
Value
Assessed cost Assessed Value Cost Value Ctx Value
Current values
Plus estimated values of proposed project
3,003,000
Less values of arty property being replaced
Net estimated values upon completion of project
3, 003, ooa
CONVERTED• '�IISED BY THE TAXPAYER
Estimated sold waste converted (pounds) Estimated hazardous waste converted (pounds)
Other benefits:
Health insurance will be provided.
SECTION TAXPAYER CERTIFICATION
I hereby certify that the representations in this statement are true.
Signature of authorized repre
Date s' month, day, yea)
t cg
Printed name of a resentative
Title
Form $8-11PP, page 1 - NACTP 1585 - Software only copyright 0 2017 DIS, Inc. CiientlLoc 25221.DW
We have remved 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 IC 6-1.1-12.1-2.5, provides for the following limitations as
authorized under IC 6-1.1-12.1-2.
A. The designated area has been limited to a period of time not to exceed calendar years . (see befow).The date this designation expires
is NOTE: This question addresses whether the resolution contains an expiration date for the designated area.
B. The type of deduction that is allowed in the designated area is limited to:
1. Installation of new manufacturing equipment; ❑ Yes ❑ No ❑ Enhanced Abatement per IC 6.1.1-12.1-18
2. Installation of new research and development equipment; ❑ Yes ❑ No Check box if an enhanced abatement was
3. Installation of new logistical distribution equipment. ❑ Yes ❑ No approved for one or more of these types.
4. Installation of new information technology equipment ❑ Yes ❑ No
C. The amount of deduction applicable to new manufacturing equipment is limited to $ cost with an assessed value of
$ . (One or both lines may be filled out to establish a limit, if desired.)
D. The amount of deduction applicable to new research and development equipment is limited to $ cost with an assessed value of
$ . (One or both lines may be titled out to establish a limit, if desired.)
E. The amount of deduction applicable to new logistical distribution equipment is limited to $ cost with an assessed value of
$ . (One or both lines may be riled out to establish a limit If desired.)
F. The amount of deduction applicable to new information technology equipment is limited to S cost with an assessed value of
$ . (One or both tines may be filled out to establish a limit if desired.)
G. Other limitations or conditions (specify)
H. The deduction for new manufacturing equipment and/or new research and development equipment and/or new logistical distribution equipment
and/or new information technology equipment installed and first claimed eligible for deduction is allowed for.
❑ Year 1 ❑ Year 2 ❑ Year 3 ❑ Year 4 ❑ Year 5 ❑ Enhanced Abatement per IC 6-1.1-12.1-18
❑ Year 6 ❑ Year 7 ❑ Year 8 ❑ Year 9 ❑ Year 10 Number of years approved:
(Enter one to twenty (1-20) years; may
not exceed twenty (20) years.)
1. For a Statement of Benefits approved after June 30, 2013, did this designating body adopt an abatement schedule per IC 6-1.1-12.1-17? ❑ Yes ❑ No
If yes, attach a copy of the abatement schedule to this form.
If no, the designating body is required to establish an abatement schedule before the deduction can be determined.
Also we have reviewed the information contained in the statement of benefits and find that the estimates and expectations are reasonable and have
determined that the totality of benefits is sufficient to justify the deduction described above.
(signature and We of authorized member of designating body) I Telphone number I Date signed (month, day, }rear)
Printed name of authorized member of designating body I Name of designating body
Attested by. (signature and title of attester) I Printed name of attester
If the designating body limits the time period during which an area is an economic revitalization area, it does not limit the length of time a taxpayer is
entitled to receive a deduction to a number of years designated under IC 6-1.1-12.1-4.5
IC 6-1.142.147
Abatement schedules
Sec. 17. (a) A designating body may provide to a business that is established in or relocated to a revitalization area and that receives a deduction under section
4 or 4.5 of this chapter an abatement schedule based on the following factors:
(1)The total amount of the taxpayer's investment in real and personal property.
(2)The number of new full-time equivalent jobs created.
(3)The average wage of the new employees compared to the state minimum wage.
(4)The infrastructure requirements for the taxpayer's investment.
(b)This subsection applies to a statement of benefits approved after June 30, 2013, A designating body shall establish an abatement schedule for each deduction
allowed under this chapter. An abatement schedule must specify the percentage amount of the deduction for each year of the deduction. An abatement schedule
may not exceed ten (10) years.
(c)An abatement schedule approved for a particular taxpayer before July 1, 2013, remains in effect until the abatement schedule expires under the
terms of the resolution approving the taxpayer's statement of benefits.
Page 2 of 2
Fonn S11-1/12P, page 2 - NACTP 1585 - Software only copyright 0 2017 DIS, Inc. Clm*Loc 25221.000
Form SBA
City of Richmond, Indiana
Taxpayer Wage & Benefit information
Company Name, Address & Contact Person:
Omen USA, Inc.,1600 Rich Road, Richmond, IN 47374
Contact person: Dror De -Porto
The information requested on this supplement to form SB-1 must be completed and submitted along with
your SBA in order for your tax abatement request to be considered by Richmond Common Council.
Please retain your records and calculations used to arrive at the information requested on this form. It is
subject to review as a part of our monitoring process.
1. Average hourly wage for existing employees $ 0.00
2. Average hourly wage for projected new positions $ 16.42
3. Average hourly health insurance benefit $ 3.76
1. The length of the abatement you are requesting
(A 1-10 year abatement may be requested for real estate improvements and manufacturing
equipment.) 1 o year abatement
2. If purchasing equipment, please attach a list that includes the following: see attached
• brief description of each piece of equipment being purchased
• the projected useful life of each piece of equipment
• the state(s) in which the equipment is being brought into Indiana from if purchasing
used equipment
• the cost of each piece of equipment
• state if the machinery is being purchased or leased
• if the machinery is being leased, provide information from the lease that explains which party is
responsible for paying the property taxes
If making real estate improvements, please provide a list that includes the following:
• brief description of the real estate improvement (new construction, rehab, expansion, etc.)
• size of the proposed real estate improvements
• costs of the proposed real estate improvements.
DEFINITIONS
1. Average hourly wage for existing employees: for your most recent pay period please provide the
average base wage per hour for all current full time, non -supervisory employees. Do not include the
following groups:
A. part time employees;
B. management, supervisors, foremen, or any other supervisory personnel;
C. owners, stockholders, or partners if they own 2% or more of the business,
and their family members.
2. Average hourly wage for projected new positions: Use the same definition of employees to be
included as in number one above.
3. Average hourly health insurance benefit: Please provide the current company paid health insurance
benefits provided to hourly employees (as defined above) and family members. Please present in the
form of an hole Q9LVpi°i"iai cost per eligible employee divided by 2080 hours.
W,
(Authorized Signa4_ Title)
141,1
(Date)
0;
cd
¢ a
Ln
z a
w E
H
M
c0
m
cu
cv
cC
cts
c� c0
cK
ar c� c� c� «S
c0 of c�
cu
m
c�
c0
c�
co
co
0
0
0
0
0
0
o
O O
o
o O o 0 0
0 0 0
0
0
0
o
Co
o
0
O
O
O
O O
0 0 0 0 0
O
0 0 0
O O
O
O
O
O
O
O
O O
O O
O O o O
O o 0 0 0
O O O
0 0 o
O O
O O
0
0
0
0 C]
CO o m' o CD
�
Lr) Lr7 C7
m m
O
00
CIS
M
o 0o
en %0 %D Ln `-4
N m N
O O
N
in
V -4
N
r-I N
.-i
r-I
O O
r 1'
M M
O N
t)
N H
O
01
O
m
o rn 0
iog- en
Eli
Y
rn w x L
Z
w r+ vi
z
Q
z W v W x
C%l
=1
cd
A
U¢ N
en°
°�'
m
o
a.,.J (U
'.
vi¢�
c
�
0
zO¢¢�z�
ozGv
�. s
to
cz� W v� v� C4 Z
z
E w Q
�, ;-. 3
0
o
75
U
Z 0 0 Z V W Z�
C7 ")
w Z O
}''
w
co
acu
4.5
o
c.�
vi
o
w
a"i .a
AGwE-.oOE'" V
=
C
o0�¢W
waorn
ww
(L) �'
N5
r-+ AOaE-GXN
znuawu
2u0wIm
✓
a.L1>CmUo
ORDINANCE NO. 76-2011
A SPECIAL ORDINANCE ALLOWING AN ALTERNATIVE A1iAT T
DEDUCTION SCE=ULE FORPROPERTY OWNERS OBTAI1MG
DEDUCTIONS FROM ASSESSCD VALUE OF CERTAIN.PROPRBTY RnTMIN
AN ECONOMC I.tEV1TALWAIMON AREA
SAS, pursuant to Indiana Law, I.C. 6-1.1-12.1 et. seq., the Common Cound of
the City of Ricumoad, Indiana may Bad that a particular area within the city
is an Economic Revitalization Area which providies m an economic
devaapmeot hwentivv certain property tax deduWons for the
radeI 1.1o%rme1 1 or rehabffitatwn of real property or the won of new
WHYS, the Comm Councl has p rviousiy adopted Resolution No. 10-1984
which daignates cartum areas in the city as Economic Revitalization Areas
and sots ft* certain procedaxes for an owner to obtain. certain deductions
and
W13Ei W, Resolution No.10-1984 has previousiy been amended to add other areas as
an ERA;, on definition chaimps to the origmat ard> mwo; setting firth
the time periods in which a won is allowed; and other
puoe&xw for obtainM deductions (see Rim 2-1987;11-1989, 11-
1991, 3-1996, Ordinances 72-1996, 90-1996, 113-1997, 19-2000, 29-
2006, 31-2007x and
WBEREAS, Indaw bow has preaou* alloyed the owner ofseat property and pw=d
property boned within as eoonomic revision area to request a
tieda ctim over a one (1) to to (10) year period and has p wiou*
estsbtidLed the ababea mot demotion sobedula ibr red property deductions
and personal property deduc6ons; and
WHBiZW Abatement won schedules for real Amperty and pe+csonai property are
set fath and ouffined by Indiana Law and the Common. CounA as the
d body, ,may qpm the amber of years nay given demotion
applicant Wray tape an approved deduction; and
`WHBRAS, As ad forth m the abov 4dwenoed Resohmons and OP inn wxxk Comm
Couo4 as the desipatiog bads, has powiat* determined the appficebte
time period in each Special Ounce appwft a wod& Std man of
Benefuts, and
vvHMEAS, Effb*m July 1, 2011, hadiana Code (1C) 6-1.1-12.1-1 at seq. provides a
deApa ft body &zbTtty to approve an skKad ve Adeooent dedudion
sc mAde on either red estate and/or petsonat pmpwW to a business that is
es biidred in, or rekxw nag to an economic revitalization area and receives
a deduction; and
For purposes of this Ordmanci,- an altetnamm abatement demotion is
deliwd as the de&wbm amount establiahed by the Common C4=4 and r
ad dedu ctim amount may be applied annually pmvided that ail c
requiremms of this Oranawcc are met; and
For purposes of this Onboanm,- an afternatwe abatement dcdudion r
schedule is deBsned as a deduction, amount and time period, not to oweed
i
ten (10) years, asta A&wd by the Common. C umW as permuted by Indiana
law; and
WIEIBRE,AS, Common Council desires to establish guiderwas, a accordance wlth Indians
Code (IC) 6-1.1-12.1-17 that may permit an altemative abatement
deductim a hWule for businesses cqwaft or rdbceting in econo.mw
mvito ization areas In Richmond
NOW, .TIII?R WOREy BE IT ORUAIMM by the Commas Council of the City of
Richmond, Indiana, that the Alternative Abatement Deduc�n Scindule leas are at
forth as f Hows.
I. Richmond Common Cwxil may utilize an dtansdive abatement deduction
sdW* of a 75% deduction for 10 years if all of the followiM requirements are met:
a $3,000,000 nininum investmeu4 and
b. A aniu m of ten (10) new iirlt-timme employees are hired and
Maintained, and
C. Wagn paid to new employees. must pay 50% above the state
mi mmum wage, and
d bbaw nmoduad health insupui ce a provided to all W-name
empbYew and
e All impmemou and new hires4we be oompkid;vkbk:throe
gruars ofthe date oftbotigaad ordwance, approving the StatemautofBauft Rw a
bushww4 and
£ Fad = to meet any of the vaquir+emeta outfined in a. throw e. '
above al D require that the Wtarfietin abatement dew achedurle mvert to the
staxWWd ten (10) year abatement deduction schedule oudmed in IC 6-1.1-12.1-
4d(10) fur teal estate improvenumb and W 6-1.1-12.1.4.5d(10) for personal
1ipperW beakft with the muMbex of yaws remAgoo fi w the Astemat (for
Mumpk if a Personal property abatement is in Its d6 yw, the *91bur years'
deductions would be 40* 30'Xo, 20% and IM respectively). t
I AdMwalfy. if the conditions outlined in #lb., #lc., and Ad.
above are nurt, Ri hmwid Common Councl may fixm se the a16mm&e gwanna
d=dIW above by 50% if the business invests a nduimum of $5,000,000 or by
ten (1'D%) pment if the businm kve is a minimmm of $10,000,000,.
3• t0 tam conditions cgined in #1a., #lc., and #Id. are met, do
Ricbanaaid Common Cwnai may iixroase the alarm abatwowt deduction deacnIW
above by 5% if the bminegs adds a mom of twenty, (20) new e40yees, or by tan
(10%) Pacwt ifthe business adds a midum of thirty (30) new employees
4. Ffthe ubdulum cwdWO= outlined in #la., #1b., #lc., and #ld. above are
mat, the Richmond Common Couna't may Wresse the al =tiv+e abacmut dedwion
described above by 5% if the busies pays at least doubte the state minimum wage £or
nee► employees hired.
5• 110 PNOW400 k== &xn$od in 02, #3, and #4 above are
independent of each other. As such, a gosfifying apphmt acould pos�ly achieve a one
hundred ( W%) pacant
6. A business requesting an altunatim abetaom t man scbe&& shall
provided a lotta sOqueative an shernative Abatement doductian sdic& o and shall provide
proof ofthe aPPtst>on with the standard appon materials.
YClI iOMI 1 ' I .n . r,i .i u,: 4,uui,• v u h u._
�-
PRBSHN= to *0 Mayor of the City aft, Indiana, thin 1 sth day of January,
201% at 9:00 a.m.
LAMC, NIl1dC
APPROVED by may, Sarah L. SAWS, Mayor of the City ofR%hmwd„ Indiana, this I8th
dap ofJassisiy, 20M at 9:05 am.
ff f.
Mauer
(Sarah IL aim) l
multm lug
l