HomeMy Public PortalAbout005-2019 - Amending Ordinance 16-2018 - Assesmentlei I 61a1) a 114 Lei on 10 L030 I I
AMENDED ORDINANCE NO. 5-2019
A SPECIAL ORDINANCE AMENDING PRIOR ORDINANCE NO. 16-2018
AND ESTABLISHING AND UPDATING ADDITIONAL MINIMUM
CRITERIA FOR PROPERTY OWNERS REQUESTED DEDUCTIONS
FROM ASSESSED VALUE OF CERTAIN PROPERTY WITHIN
AN ECONOMIC REVITALIZATION AREA
WHEREAS, Pursuant to Indiana Law, I.C. 6-1.1-12.1 et. seq., the Common Council of the City
of Richmond, Indiana (hereinafter "Common Council") as a designating body
may find that a particular area within the City is an Economic Revitalization Area
which provides as an economic development incentive certain property tax
deductions for the redevelopment or rehabilitation of real property or the
installation of new manufacturing equipment; and
WHEREAS, The Common Council has previously adopted Resolution No. 10-1984 which
designates certain areas in the City as Economic Revitalization Areas and sets
forth certain procedures for an owner to obtain certain deductions therein; and
WHEREAS, Resolution No. 10-1984 has previously been amended to add other areas as an
ERA; making definition changes to the original ordinance, setting forth the time
periods in which a deduction is allowed, and establishing other procedures for
obtaining deductions (see Resolutions 2-1987, 11-1989, 11-1991, 3-1996,
Ordinances 72-1996, 90-1996, 113-1997, 19-2000, 29-2006, 31-2007, 76-2011,
65-2013, and 66-2013); and
WHEREAS, . Indiana Code (IC) 6-1.1-12.1-17 sets forth that the Common Council as the
designating body may provide to a business that is established in or relocated to a
revitalization area and that receives a deduction under IC 6-1.1-12.1-4 or IC 6-
1. 1- 12.1-4.5 an abatement schedule based on certain factors; and
WHEREAS, On March 19, 2018, the Common Council updated and established the regular
deduction schedule for personal property and real estate deductions, which
schedule contained an inadvertent scrivener's error that the City wishes to correct;
and
WHEREAS, It is in the best interest of the citizens of the City of Richmond, Indiana, that the
Common Council amend prior Ordinance No. 16-2018 passed on March 19, 2018,
to correct the inadvertent error in order that the intent of the Common Council and
City be accurately reflected in the updated and established schedule.
NOW, THEREFORE, BE IT ORDAINED by the Common Council of the City of
Richmond, Indiana, that in order to accurately reflect the intent of the Common Council and
Pagel of
City, prior Ordinance No. 16-2018 passed on March 19, 2018, and the updated and established
regular deduction schedule for personal property and real estate deductions shall be amended in
accordance with this Ordinance.
NOW, THEREFORE, BE IT ALSO ORDAINED by the Common Council of the City of
Richmond, Indiana, that, in accordance with Indiana Code 6-1.1-12.1 et seq., the following
additional criteria shall be established and updated by the Common Council for the regular
deduction schedule for personal property and real estate deductions permitted as follows:
1. To be considered for a one (1) to five (5) year abatement,
taxpayers with a proposed project investment of more than Two Hundred Fifty
Thousand Dollars ($250,000.00) listed and certified as the estimated value of said
proposed project must submit a statement of benefits form certifying as follows:
a. The taxpayer's proposed project will have at least five (5) new
employees; and
b. All current and new employees will be paid an average minimum
wage of at least Twelve Dollars ($12.00) per hour. The minimum
wage shall be determined by the definitions provided by the SB-1
application; and
C. All current and new employees' wages will include major medical
policy benefits.
2. To be considered for a one (1) to five (5) year abatement where no
new employees will be hired, taxpayers with a proposed project investment of
more than Five Hundred Thousand Dollars ($500,000.00) listed and certified as
the estimated value of said proposed project must submit a statement of benefits
form certifying as follows:
a. All current and new employees will be paid an average minimum
wage of at least Twelve Dollars ($12.00) per hour. The minimum
wage shall be determined by the definitions provided by the SB-1
application; and
b. All current employees' wages will include major medical policy
benefits.
3. To be considered for a five (5) to ten (10) year abatement,
taxpayers with a proposed project investment of more than Five Hundred
Thousand Dollars ($500,000.00) listed and certified as the estimated value of said
proposed project must submit a statement of benefits form certifying as follows:
a. The taxpayer's proposed project will have at least five (5) new
employees; and
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b. All current and new employees will be paid an average minimum
wage of at least Twelve Dollars ($12.00) per hour. The minimum
wage shall be determined by the definitions provided by the SB-I
application; and
C. All current and new employees' wages will include major medical
policy benefits.
This ordinance hall be in full force and take effect upon its passage. Passed and adopted
this day ok— 019, by the Common Council of .the City of Richmond,
Indiana.
C, , President
ATTEST.—e?��
(Karen Chasteen, IAMC, MMC)
PRESENTED to the Mayor of the City of Richmond, Indiana, this 21 day of
2019, at 9:00 am. _, _
Clerk
(Karen Chasteen, IAMC, MMQ
APPROVED by me, David M. Snow, Mayor of the City of Richmond, Indiana, this Z� ""day
of 1-15W!Mi4 --, 2019, at 9--05--=r -4 5x"
Mayor
'--�-id M. S TWI----"
ATTESTx
(Karen Chasteen, IAMC, MMQ
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