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Home My Public Portal About085-2006 - Tax Abatement TBK America, Inc.pdf.w.exhORDINANCE NO.85 -2006 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 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 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, 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 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. 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: MANUFACTURING EQUIPMENT - 10 YEARS TBK America, Inc.. Jobs Retained: 7 Jobs Created: 2007 — 8-10 jobs; 2008 — 55-60 jobs; 2009 — 60-65 jobs Estimated New Value: $1,420,640.00 Dated: September 27, 2006 LOGISTIC EQUIPMENT --10 YEARS Estimated New Value: $40,870.00 Passed and adopted this 5'h day of February, 2007, by the Common Council of the City of Richmond, Indiana. President (Dia a Papf in ATTES City Clerk (Karen Chasteen) PRESENTED to the Mayor of the City of Richmond, Indiana, this 6a' day of February, 2007, at 9:00 a.m. city Clerk (Karen Chasteen) APPROVED by me, Sarah L. Hutton, Mayor of the City of Richmond, Indiana, this 6th day of February, 2007, at 9:05 a.m. Mayor (Sarah L. Hutton) ATTES i rk (Karen Chasteen) 6 STATEMENT OF BENEFITS PERSONAE PROPERTY a E, State Form 51764 (5-04) Prescribed by the Department of Local Govemment Finance FORM SB-1 /PP INSTRUCTIONS: 1. This statement must be submitted to the body designating the economic revitalization area prior to the public hearing if the designating body requires information from the applicant in making its decision about whether, to designate an Economic Revitalization Area. Otherwise this statement must be submitted to the designating body BEFORE a person installs the new manufacturing equipment and/or research and development equipment, and/or logistical distribution equipment and/or information technology equipment for which the person wishes to claim a deduction" =Pmjecfs°planned or committed to after July 1, 1987 and areas designated after July 1, 198 7 require a STATEMENT OF BENEFITS. (IC 6-1, f -12. 1) 2. Approval of the designating body (City Council, Town Soard, County Council, etc.) must be obtained prior to installation of the new manufacturing equipment and/or research and development equipment and/or logistical distribution equipment and/or information technology equipment, BEFORE a deduction may be approved 3. To obtain a deduction, Form 3221=RA/PPME and/or Form 322 ERAIPP Other, must be filed with the county auditor. Form 322 ERA/PPME and/or Form 322 ERA/PP Other must be filed between March i and May 15 of the assessment year in which new manufacturing equipment and/or research and development equipment and/or logistical distribution equipment and/or information technology equipment becomes assessable, unless a filing extension has been obtained. A person who obtains a filing extension must file the form between March i and the extended due date of that year. 4. -Property owners whose Statement of Benefits was approved after June 30, .1991 must submit Form CF-I annually to show compliance with the Statement of Benefits. (IC6-1.1-12.1-5.b) 5. The schedules estabilshed under IC 6-1.9-12.1-4(d) and 1C 6-1.1-12.145(e) effective July 1, 2000 apply to any statement of benefits filed on or after. July 1, 2000. The schedules effective prior to July 1, 2000 shall continue to apply to those. statement of benefits filed before July 1, 2000. §ECTI6 N. I TAXPAYER INFORMATION. Name of taxpayer yy�� Address of taxpayer (street and number, city, state and ZiP code) Name of contact person Telephone number • • • ■ ■ a • -•-O■ PROJECT Name of designating body Resolution. number Location of property � County � Taxing district C� � Description of manufacturing equipment andlor research and development equipment ESTIMATED and/or logistical distribution equipment and/or information technology equipment (use additional sheets if necessary) Star t t Date am Completion Date C P Manufacturing Equipment 9 / G �� r�/lL �/� �C GIG�GI� �j R & D Equipment LogistDist Equipment * /p D /j IT Equipment' 9 r1 SECTION OF • AND SALAOIES AS RESULT OF -s•• ■ PROJECT: Current number Salaries Number retained Salaries Number additional Salaries `T �_3 4,01Q1�1 d SECTION■ •TAL COST AND VALUE OF -s•• a PROJECT NOTE: Pursuant to IC 6-1.1-12.1-5.1 (d) (2) the Manufacturing Equipment R & D Equipment Logist Dist Equipment * IT Equipment COST of the property is confidential. Cost Assessed Cost Assessed Cost Assessed Cost Assessed Value Value Value Value Current values p a p p Plus estimated values of proposed project p !t7 3 Less values of any property being replaced O O O Net estimated values upon complet[on"of project SECTION 5 WASTE CONVERTED ■ OTHER BENEFITS PROMISED BY solid waste converted (pounds) Estimated hazardous waste converted (pounds) Other benefits: r s I hereby cer& that the representations in this statement are true. Signature of authorized representative Title Date ned (month, day, year) 7s[ 4 277, 2�, * See IC 6-1.1-12.1-2.3. We 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 IC 6-1.1-12.1-2.5, pro- vides 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 below). The date this designation expires is B . The type of deduction that is allowed in the designated area is limited to: 1 . Installation of new manufacturing equipment; _ ❑ Yes ❑ N o 2. Installation of new research and development equipment; ❑ Yes '� ❑ N'o 3. Installation of new logistical distribution equipment. ❑. Yes ❑ N o 4. Installation of new information technology equipment; ❑ Yes ❑ No C .The amount of deductign applicable to new manufacturing equipment -is limited to $ cost with an assessed value of $ D .The amount of deduction applicable to new research and development equipment is limited to $ cost with an assessed value of $ E:The amount of deduction applicable to new logistical distribution equipment is limited to $ cost with an assessed value of $ . F. The amount of deduction applicable to new information technology equipment is limited to $ cost with an assessed value of $ a other limitations or conditions (specify) H. The deduction for new manufacturing equipment and/or new research and development equipment andlor new logistical distribution. equipment and/or new information technology equipment installed and first claimed eligible for deduction after July 1, 2000 is allowed for: ❑ 1 year ❑ 6 years ; ` For ERA's established prior to July 1, 2000 MI a ❑ 2 years ❑ 7 years 5 or 10 year schedule may be deducted. ❑ 3 years ❑ 8 years ❑ 4 years ❑ 9 years ❑ 5 years *" ❑ 10 years "* 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 justify the deduction described above. and title of by: Telephone number Designated body Date signed (month, day, year) 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 Form SB-1A 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 subj ect to review as a part of our monitoring process. 1. Average hourly wage for existing employees $ / y 2. Average hourly wage for projected new positions 3. Average hourly health insurance benefit 1. The length of the abatement you are requestingu (A 1-10 year abatement maybe requested for real estate improvements and manufacturing equipment.) 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 - 10 s • the state(s) in which the equipment is being brought into Indiana from if purchasing used equipment — W -V,-r -- . v s-e-d • the cost of each piece of equipment - ,wee aA,'I-c-Le 3. If making real estate improvements, please provide a list that includes the following: N IA - 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 D1EFRUTIONS 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 hourly rate computed using the annual cost per eligible employee divided by 2080 hours. Signature and Title) (Date) TB K Ad"C<52 oc A— . i . Aw __i 9S< M a r- 0 r O O Ooo00 00LOLno T N N �a rorLO N Tit. 4111 O O o o O O m M U'? Y' n N V 1 au ML 4a 1L e- 5R Form Prescribed by State Board of Accounts RICHMOND CITY OF PLANNING PERMIT Wayne County, Indiana C YI MARCH 21ST, 2008 General Form No. 99P (Rev. 1995) Federal ID #16-0980985 To: Palladium -item A Division of federated Publications, Inc. 1175 North A Street Richmond, Indiana 47374 PUBLISHER'S CLAIM Total Amount of Claim: $23.80 Order/invoice #: 431489 LINE COUNT Customer #: 698373-42 Display Master (Must not exceed two actual lines, neither of which shall total more than four solid lines of the type in which the body of the advertisement is set) Number of equivalent lines Head - number of lines 7 Body -number of lines 60 V1E V E D Tail - number of lines 1 MAR 2 52_ 00$ Total number of lines in notice 68 COMPUTATION OF CHARGES HNAE 68 Lines, 1 Columns Wide Equals 68 Equivalent lines at 0.350 cents per line. $ 23.80 Additional charge for notices containing rule or tabular work - '�^ —it of above amount) NOTIce al ctra proofs of publication - PUBLIC HEADING r Q DESOLUTiON.3`-2008 $ 4.05 PDO ERIY WITHiI@ I $ 6.05 AN ECONOMIC, ` } 8.05 E3EVITALiZATION ARFA Pursuant ito in. na *Law; .i CC s 11 721 46, the:-Gom 3 $ 10.05 TOTAL AMOUNT OF CLAIM $ 23.80 Mon Gouncll of the City of w Aichmantl lndianamayadapt a„'resolution;,. to authorize a`UTING COST propertyowner to reEocate; new manufaoturing ' equip `column 8 ems Size of type 6 point mertt for which a deduction i beangg ranted „ bSize of on which YP 9 P lions 1 Sif u type is cast 'Ti3Kleryoa (TBI(egfV�Ishes ` to:r@lo to new rltam�fg�iur lrtg ulpment ap roved ,or, dedu iena ; by r�-dsi Q'Jons and penalties of Ch. 155, Act 1953, Common Council OFdinance-' 85=2006 i�forn T81CAs iacilfiy-1 at:17$1 Sheridan Street'RIoh„he foregoing account claimed is just and correct, that the amount cqTitle: s due, a inond Indiana to 3700'f d J ides Lo�ajd ,s,o ff s, and that no part of the same has been paid. ° ST, 2008 untin Clericoad ;' nm9 s he p° PUBLISHER'S AFFIDAVIT t�i76t Sheridan Street=Rich nond, Indiana: Resolution 1.2006 �s:6eh9 State of Indiana Wayne County *risidered by the .Gammon i + Personally appeared before me, a notary public and for said county and state, the undersigned Renee' A Sparks who, being duly sworn, says that (s)he is Accounting Clerk of the Palladium -Item, a daily newspaper of general circulation printed and published in the English language in the city of Richmond in state and county aforesaid, and that the printed matter attached hereto is a true copy, which was duly published in. said paper for one time(s), the dates of publication being as follows: 3/21 /20.08 )1!�Jacqueline F. Cain, NL( atary Public Subscribed and sworn to before me this 21 ST day of MARCH, 2008 My Commission expires December 1, 2011