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HomeMy Public PortalAbout081-2005 - Tax Abatement - Ahaus - equipment.pdf.w.exhORDINANCE NO. 81-2005 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. 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. 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 Ahaus Tool & Engineering, Inc. Jobs Retained: 95 Jobs Created: 1 Estimated New Value: $375,000 Dated: November 9, 2005 Passed and adopted this day of 05 by the Common Council of the City of Richmond, Indiana. President (Bruce Wissei) ATTE T11--—24�Clerk (Karen Chasteen) PRESENTED to the Mayor of the City of Richmond, Indiana, this a of 2005 at 9:00 a.m. �-J Clerk (Karen Chasteen) APPROVED by me, Sarah L. Hutton, Mayor of the City of Richmond, Indiana, this G day of 2005 at 9:05 a.m. 44 4,yor Sarah L. Hutton ATTE rk (Karen Chasteen) Nov-=07-05 02:22pm From -CITY OF RICHMOND IN STATEMENT OF RENEMS %am Form 271f67 (Fi614.00) Form So - i is presctioad pry the State Board of Tax Cornmiss*nera, 1989 +7659627024 T-871 P.04/06 F-46a ruKm SB-7 INSTRUCTIONS' MEN 7 Thas staterrtenr must Do submftwa to the body aeslgnatrng ilia econamlc revl aarion area Prior, to the public neanng ,f me esr9naring AoQy requires infer to maven from the applicant in making Its dectslon about whamer to designate an Economic RavrMlizartwl Area OrherWrse tars statement muSE D® Submrried to mo designating body BEFORE a parson installs the now rnanytociaring st(urpmeni and / or research and devetopmenr equipment or BEFORE me redevelopment or ranaalfltatfoa of real property for wn= the person wishes to claim a peducrfon. 'Protects" planned or eommlttea To after July 7, 7987 anct areas aesignateaanerJuly f. 1987regWreaSTATEM!^N7QFSEN FITS_ (10 6- 7. 7 -72. 7) 2, Approval of me ao$i9naVn9 Doily (City Council, Town soars( County Councll, etc-) must De oDtalned prior to [watfon of the retleve opment orrenatvlrtarron, or pnbr to installation of the now manaMerurfag aqufpmant and l or research and development equipment:,OEFORI= a Cleductlon may De approved. S. To omam a deduction, Form 322 ERA, Real Eswe (mprovements and / or Fwm 322 FRA/ PPME anal or 922 ERA / PPR & DjF must be Mao with rho county audrror. Win respect ro real property, Form 222 ERA must be fded Dy the later at: (7) May 70,- or (2) W117Wf 3W clays after a notice of increase fn real propeny assessment Is received tram the township assessor. Form 322 ERAI PPME4na /or 322 ERA PPR & D rr7ast be filed between MarC4 1 and May 75 of me assossmom year in wnicn new manrrfacfunng equipment and l or research and development equipment bacomes assessable, untass a filing amens an Aas Deen obtained. A p0reon wAo obtains a filing extsnslon rmsr file the form between March 7 and June 74 of that year. 4. Pr eny owners whose statement of Sanefirs was approved after June �0, ig97 Must suDmlr Form CF - t annuauy to show compliance wim the Siarement oleonehts. (IC647-72-1-5.6j 5. Tne SCnedulos establrsned under tC 6-7.7-72.7-4(d) and fC C-7.7-12.1-4.5 (a) effective .July 7, 2000 apply to any statement of DBnefns filed on orafter July 1, 2000. Tne schedules affecrlv9 prior to July 7, 2000 shall Continue to apply to those statement of Denoting fried before July 7. 2000. INFORMAT ION Name of Taxpayer Ahaus Tool & Engineering, Inc. Atiq ress of taxpayer (street and number, city, state ana 21P sacra) 200 Industrial Parkwa , PO Box 280, Richmond IN 47375 Name of contact person Tetepnona number Kevin Ahaus President or Donna Utz Controller (765 )962-3571 s . Name of designating Doily Resolution nunlher Common CoUjacil of the —11-1991 t.00au0n of property I County Taxing oisirict 200 Industrial Parkway Richmond IN Wa ne Richmond Corp. Description of real property Improvements ana 1 or new manutaciurirlg equipment and ] or resaarcf ana aavelopment equipment (use addfllon4l sneers it necessary) ESTIMATED Start Crate Compietton pate Real Estate ADDITION OF: Overhead Crane Est. $ 75,000 500mm Horizontal Machining Center Est. $300,000 NewWaEquipment 12/6/05 12/12/05 Rapt= SECTION CnpNumber reTMOG Salaries urrent nurer Number aaddlonal salanes �5alarles 9 5 095 9 00 SECTION 4 ESTjfAATEDYOT4 COST Afib VAi.k.)E OF PROPOSED PROJECT NOTt" Pursuant m IC 6-1.11-12.7-5.1 (d) (2) me Reg! Estate Improvements macrrinery iiesearclt ors Povel0prnent E i meet COST of fie property Is eonAlarilfal. Cos[ Assessea Value Cost Assesseo Value Cost Assessed Value Current values $3,629,861 Plus e5timatea values of pro osea protect 375 Less values of any property Tieing repiaceq Nor eS{Imatect values upon complelron of project .. isTirnated 60110 waste C0nVGn81j (pounds) ^ NONE — _ Esilniatea nazanious waste converted (pounds) t]tner penal s: •TAXPAYEN CERTIFICATION 1 hereby ceffify mat the E6 resenlatlon.5 in Mis stalernent are true. signature of autftonzed re tesentatrve 7140 pate signea (mortrh, day, year) &1tw'0" CONTROLLER 11/9/05 Ndv"07-05 02:22pm From -CITY OF RICHMOND IN +76596270024 T-871 P.05/06 F-462 FOR USE OF TH6 ■ BODY We have reviewea our prior actions relating to the designation of this economic revitalization area and find ttiai The applicant meets the general standards adopted in the resolution previously approved Dy Inis 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 pee n limited to a period of time not to exceed calendar years ' (see De1ow). The date This designation expires is S . The type of deduction that is allowed in the designated area is limited to: 1, Fiec7evelopment or rehabilitation of real estate improvements; © Yes ❑ N o 2, installation of new manufacturing equipment; 0 Yes O N o 3. installation of new research and development equipment; Q Yes CQ N o 4. Residentially distressed areas 0 Yes Q No C .The amount of deduction applicable for redevelopment or rehabilitation is limited to $ cost with an assessed value of $ D.The amount of deduction applicable to new manufacturing equipment is limited to $ value of $ _ F.The amount of deduction applicaple to now research and development equipment is limiteal to $ an assessed value of $ cost with an assessed cost with F. Other limitations or conditions (specify) Also we Have reviewed Trie intormation contalnea In the statemerit of benef'4s and fina trial the est,maies ana expagtauons aro roawon- anle and have determined trial Tha Totality oT benefits is sufficient to justify The deduction clescribed abova- and ptte oiiwtzl rrjamner) 615) numper pate signed (moat/+. clay. yoar) 1owy * if the designating Doty limits the time period during which an area is an economic revitdizavon area, it doss not limit Ina length of time a taxpayer is enfagety to receive a deduction to a number of years designated under IC 6-1.1-12.1-4 or 4.5 Nov--07-05 02:22pm From -CITY OF RICHMOND IN +7659627024 T-871 P-06/06 F-462 Form SB-3A City of Richmond, Indiana Taorpayer Wage & Benefit Information Company Name, Address & ContaCt Person: The information requested on this supplement to force SB-1 must be completed and submitted along with your S13-1 in order for your tax abatement request -co 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 rnc`nitoriag process. 1. Average hourly wage for existing employees $ 17.71 2. Average hourly wage for projected new positions $ 16.50 3. Av,2 am&e hourly lieakh insurance benefit S 4.57 1. The length of the abatement you are requesting (A 1-10 year abatement may be requested for real estate improvements and manufacturing equipment.) 2. if purcha=g equipment, please attach a list that includes the following: • brief description of each piece of equipment being purchased • the projected usefttl life of each piece of equipment • the states) in which the equipment is being brought into Indiana from if purchasing used equipment • the cost of each piece of equipment 3. If making real estate improvements, please provide a list that includes the following: • brief description of the rrul estate improvement (new construction, rehab, expansion, e') size of the proposed real estate improvements costs of the proposed real estate improvements DEFEWIONS 1. Average hourly vvages for existing employees: for your most recent pay period please provide the av=ge b= wage per hour for all cent full time, non -supervisory employee$. f)o aot include the following groups: A. part tune employees; B. m=agement, supervisors, foremen, or any ether supervisory Personnel; C. owners, stockholders, or partners if they awn 2°/a or more of the business, and their fxusily members. 2. Avcruge hourly wage for projected new positions: Use the same definition of employees to be included as in number one above. 3. Avenge hourly health iflS lM= btmfti: Please provides the current company paid health insurance benefits provided to haurly employees (as defined above) and family members_ Please present in the form of an kouriy tate computed using the aatraai cost per eligible employee divided by 2080 hours. Controller 11/9/05 (Authorized Si a and tie) {Date)