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HomeMy Public PortalAbout072-2006 - Tax Abatement - Ahous - Equipment.pdf.w.exhAMENDED ORDINANCE NO.72 -2006 A SPECIAL ORDINANCE AUTHORIZING THE APPROVAL OF A STATEMENT OF BENEFITS FOR A PROPERTY OWNER APPLYING FOR DEDUCTIONS UNDER LC. 6-1.1-12.1 WHEREAS, Common Council 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 filed 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 Common Council to approve a Statement of Benefits to allow a deduction, it must male 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, 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, the Common Council of the City of Richmond, Indiana, now mares 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-l. THEREFORE, be it ordained by the Common Council of the City of Richmond, that the following property owner meets the requirements for property tax assessed valuation deductions, as follows: EQUIPMENT - 5 YEARS National City Bank Jobs Retained: 95 Jobs Created: 1 Estimated New Value: $270,000 Dated: March 29, 2006 Passed and adopted this g!it day of Council of the City of Richmond, Indiana. ATTEST: (Karen Chasteen) 2006, by the Common President (Karl Sharp) P ENTED to the Mayor of the City of Richmond, Indiana, this � " day of 2006, at 9:00 a.m. r cJ �-�lerk (Karen Chasteen) APPROVED by pie, Sarah L. Hutton, Mayor of the City of Richmond, Indiana, this day of , 2006, at 9:05 a.m. ayor (Sarah L. utton) ATTES lerk (Karen Chasteen) Nov-I17-05 02:22pm From -CITY OF RICHMOND IN +7659627924 T-871 P.05/06 F-462 FOR USE OF BODY. We have reviewed our prior actions relating to the designation of this econorpic revitalization area and find That the applicant meets the general standards adopted in The resolution previously Approved oy this body- Said resolution, passed under IC 5-1.1-12-1-2.5, pro- vides for the following limitations as authonzed under IC 6-1-1-12.1-2. A. The designated area llas peen limited to a period of time not to exceed . calendar years ' (see Mow). Tne date this clesignat}on expires is S . Tne type of deduction that is alloweA in the cgesignaTed area is limited To; t . Redevelopment or rennoiliTatlon of real estate improvernenms; ©Yes Q N ❑ 2. Installation of new manutacturnng equipment; Q Yes [] N o 3 - installation of new research and development equipment; M Yes Q N o 4. }residentially oistrassed areas p Yes M No C -'The amount of deduction applicable for regeveloprnent or rehabilitation is limited to $ value of $ _- Q .The amount of deduction applicable to new manufacturing equipment Is limited to !� value of $ E. The amount of deduction applicaple to new research and development equipment is limiters to $ an assessed value of $ - cost with an assessod cost with an assessed cost with F. Other limitations or conditions (,speclfyj Also we have reviewed The information conTaineo In isle statemrrnt of PenefiCs arto fIna that. the eshrri=5 anct expecumons aro reason- able and have aetermined that tyre totality of benefits is sufflcient to justify The deduction clescribed above- Rpprovea. sigrtarur arts at�a of aufnorix 0 WeMber) Telephone n,.ariper pate signed (month, day. year) (9tP5) 993-7'!�t 3 ;�, /° ;2o G Attested by' Posignatea bMy if the cieslgnaTirlgg oody limits the Tithe perlott cluring wnictt an area is an aconormic revitilizaTion area, it noes not limit the length of time a taxpayer Is enfitlea to receive a deduction to a number of years designated under IC 5-1.1-12.1-4 or 4.5 08/29/2006 13:49 FAX 7659623426 AHAUS TOOL & ENG. ING 1a002/002 Foram MIA City of Richmond, Indiana Taxpayer Wage & Benefit Information Company Name, Address & Contact Person: The information requested on this supplement to form SB-1 must be completed and submitted along with your SB-1 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 $ 18.16 2. Average hourly wage for projected new positions $ 16.50 3. Average hourly health insurance benefit 3.70 1. The length of the abatement you are requesting 5 (A 1-10 year abatemeni r4ay be requested for real estate improvements and manufacruring eq uipm em) 2. if purchasing equipment, please attach a list that includes the following: 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 3. 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 cows 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 rime, non -supervisory employees. Do not include the following groups: A. part time employees; H. 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 nierinbers. Please present in the form of an hourly rate computed using the annual cost per eligible employee divided by 2080 hours. (Authorized Signature acid Title) (Dare) OS/14/2006 13:16 FAX 7659623428 AHAUS TOOL & ENG. JNC IM002/002 STATEMENT OF PiNiFFITTS SZa= RprM 277 G7 {Rs 14.00) Form 93 - i r prtscppad 4y the %%8 �1oar6 ct -rax Cary;mwrprlAr5, i 989 INSTF' UCi1U�,�• 7 T($S lip SubmlRact ire Ma 00ay rra-Wgriareng Oa ecagorrrlc raVlf(jrz$rrtln oral prior 74 rhs frrlplrc nadrrrrg rt the desrgnaring D00y requrros rnfor- rnsTjr7fr from ifra applicant in making Im aeccrstorr aAout rrnat1791 m QastMR-T@ an FcRnamreRevtt_rraafrnn Area r7trnsrwrse tnhq:7Mremervt MUSfba BgDrrirrreCj to vie ABsfgn trn� aaQy l3F Dfi e porsorr rrisrSllS rrre tt9}v mf craf(n4 equrpment aria I yr rasaamP Ono devetoPr Bnr 69ur'pmaf7rr or SEFaRE� Me ro0eveloprnr3nr or mlzaDlArdflon of raar praporty for Whicn rt:e parsan wtspas to clatm.1 uerrucTlarr. 'ProlBcts`ptBnnsQ or commuted ro BtTer Ju(y t, i rJS7 and areas daslgaarea att�rJwy i. 19BYregrrlre 3 S7ft71=&lInN7 D�BFN6Fl7S {!C H 7.T-r2• r) 2. AppravarofThe dosrgt 0n'g pAay {Grtk Councrt Town Eoard capory corm, stc,� mustza oaradnsgprlarto Inrozzrron of ma raaev�lopmanrorrc�l7dGrt,taUorr, orprtprzo,nsaria rn taltarloji of new egu(pmanf 4nd/array ks= and devarapMe(jreaurprrtsnr DEFPRE a Qecrucuon m$y ae 4ppravaQ. s, 7'0PWRIn4Oadcth0u.POM7-228ty,Raat,svara1mprovemonwar4/arj=ormsZEFRAYPP14 anal or=ePIAJ PPP &D,=.musrDefr�s�wr7+�xtfacounTy �Pdoor. Wtz r6wp©cr rp r¢gi proparar, r-atM 2-22 ERA musrDe Roo Gy MQ Fifer or, (T) May 7 tJ, ar (�)1ttl�r r dp days afters s haute Gt lncra�as [n roe! property �ssessrrrerrtl� ra awed frorTr Trta to nshiPp �ss�ssar Form �22 I:RA / PRm�$rialvrsz� R•4 PPi� &FEE mzisf De fried batwaen March 7 ,�tkd May 15 of me �ccESSlrr r7ry9arm Kt1l n newmanrlfacivrrrlg aqulpn7en{arrd /4rrese��r}, nQ CayarpprriPU a ufn fpenr bdCam6� apses pip, onlaTs a fling axtensron nL75 #eon opr�rnaa. A persati kvAo oDf�rns s �rkrt9 mxtensron must frjd Me farirt batviaen 14��n r and 4una to of Ttrat year. 4, Pr any owrtelig Wnase statement at RerjefTs was approyea a.W-11rne 3n, Z997 must EUDMII fihrm CF - 7 4nnuafty to vhaw cornpfranCa Wiim rna Szordmant at Benefits, (IC Cr. r-7Z J1 ff q 5. 7i7e scuarxures agraptrsned uwar !C 6-7. 142.7 4(0and 1c 5-7.7-ya.7-4.s (81 offecrrvm JL4Y 7, -Wc apWy to any stafsmAnt or Aarr9f(fs y1jad an or Mier Jnary 1, 2000- T179 salrerlufes alloctrve prior to jWly 7, 2Qpp 5e911 dDntnwo to apply ro rtrasa s;srement of Ganpfrrp ryjad before Jujy 7, 2000. aroma attaxpayar National City Bank lgag1vmg tgtipment to Ahaus Took. & En12�in.eerins, Inc. - AMV&Ss of taxpayer (srrQBrananttmner, crry, staw naZPcodeff 200 Industrial Parktray, p0-Box 280, Richmond, IN' 47374 iVama at—oL-4cl person nonna J. Utz, Controller Mama at aeslgnaVna dray Cbmman Council, of the CitY of Richmond Indiana [-=Von Rf property County 200 Induatrzal Parkway: Richmond IN Wa Description at rs41 Properly rtnpravamenm ana / or naw manutaouirrng a Hipmani and 1 or research and devaopmanT equiprneriT (use addttlonat sneaw if naaass ry) Addition of: Mazak Variaxis 630 5X Axis Vertical Machining Center r1q=Ar NE;TF rnr&uagt to �c s-1.7-121-s,7 ia1 7 the COST of firs property is aonirdenval. i;u[ren[ v21 u0S Plus fssyrrrame vatuea nT pmp0$$a prrslec Less values of any Rruparry tieing repi9Cl Nit 090matatf v%1w&2 QPrl romplekOn of taudned Heal Pswct I'mprav=aftts FOSL IASSMSed V91 Real ;`strata Now Mt9 Equipment R a DE, �CaantrietY ierepnona rrumDar (765 1 962-3571 resolution riumbar 10-1984 11-1991 Taxsrr9 grstrjct Richmond Gor prat IEsTIMAT�Q Stan ❑ar9 C4mpia9 12 0605 12 12 aoa�aanal setar[es $45.000 Estim&W terra waste corivanaa (pounrr3t. None .,,.. _ f'�Arneted nazsrQow wastecorivar= (pawnas)., ,., . None . Outer Danelas: - -- _ • , o ��� vr ra III ri ire a aG �rn�r3G Fzre Stye_ sranalure At ar iilorrzeq raprs1Antatr r$ � t-d . jibe Pate sI (r(rmam, 55-Y. ya" Fil Date t