HomeMy Public PortalAbout051 & 052-2023 - MEMO (2) MEMO
CITY OF RICHMOND
50 NORTH 5TH STREET
RICHMOND, INDIANA 47374
o Rtc David M. Snow, Mayor
t U:` d, Department of Strategic Initiatives
'� 'Q�pOq Beth Fields,Director
,.., -.A.A.0_,' i
Date: December 21, 2023
To: Richmond Common Council
CC: David M. Snow, Mayor
Ron Oler,PhD, Mayor Elect
Andrew S Sickmann, Corporate Counsel
Doug Goss, Chair, Tax Abatement Committee
Karen Chasteen, Clerk
From: Beth Fields, Director
Re: Ordinance 51-2033 and Ordinance 52-2023
Attached please find Ordinance 51-2023 and 52-202, each"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"for Menasha Packaging Company, LLC. The request is as follows:
Ordinance 51 -2023 Ordinance 52-2023
Personal Property Real Property
Current Jobs: 271 Current Jobs: 271
Jobs Retained: 271 Current Jobs: 271
Jobs Created: 75 Jobs Created: 75
Estimated New Value: $60,000 Estimated New Value: $6M
Min.Hourly Wage Existing: $18.65 Min.Hourly Wage Existing: $18.65
Min.Hourly Wage New: $25.97 Min.Hourly Wage New: $25.97
Avg.Hourly Health Ins.Benefit: $3.85 Avg.Hourly Health Ins.Benefit: $3.85
The length and amount of the tax abatement will be deteiiuined by the score sheet completed during
the Tax Abatement Committee's due diligence and recommended to Common Council at second
reading. The maximum length of time for a personal property tax abatement is 8 years and the
maximum abatement for a real property abatement is 10 years.
If you have questions or need any additional infoiivation,please let me know. I can be reached via
email bfields(a),richmondindiana.gov or phone 765.983.7211(office) or 765.580.8050 (mobile).
Respectfully Submitted,
1
Beth Fields, Director
CC: File
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