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HomeMy Public PortalAbout035-2004 - Tax Abatement - FHS Partners - Real Estate.pdf.wORDINANCE NO.35-2004 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, be it ordained by the Common Council of the City of Richmond, Indiana, that the following property owner meets the requirements for property tax assessed valuation deductions, including the above findings, as follows: REAL ESTATE - 10 YEARS FHS Partners, L.L.C. New Jobs: 18 Jobs Retained: NIA Estimated New Value: $825,000.00 Dated: April 28, 2004 Passed and adopted this of Richmond, Indiana. day o 2004 by the Common Council of the City ATTES ity Clerk (Karen Chasteen) PRESENTED to the Mayor of the City of Richmond„ Indiana, this L— day of Q, 2004 at 9:00 a.m. C�C.L,s Oty Clerk (Karen Chasteen) OVED by me, Sarah L. Hutton, Mayor of the City of Richmond, Indiana, this —L day of 2004 at 9:05 a.m. r�� // Mayor arah L. t1&ton A OCity Clerk (Karen Chasteen) 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 1C 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 . Redevelopment or rehabilitation of real estate improvements; ❑ Yes ❑ N o .S 2. Installation of new manufacturing equipment; ❑ Yes © N o- 3. Installation of new research and development equipment; ❑ Yes © N o 4. Residentially distressed areas ❑ Yes p N o 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 $ cost with an assessed value of $ E.The amount of deduction applicable to new research and development equipment is limited to $ cost with an assessed value of $ F. Other limitations or conditions (specify) 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. Ap roved: (signafu and of authorize member) Telephone number Date signed (month, day, year) (�t6) 993- M 3 2 /- 7-a Att s by: Designated body If the designating body limits the time period during which an area is an economic revitilization 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 or 4.5 APR-06-04 12:48 FROM:CITY OF RICHMOND FINANCA ID:1 765 set 7212 PAGE 6/6 Form SB-xA MY 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 Ricbmond. Common Council. please retain your records axed calculafions used to am ve at the informatiolx requested on this form. It is subject to review as a part of our monitoring process. 1. Average hourly wage for existing employees Sf/1T� ' 2. Average b:ourly wage for projected cted new positions 3. Average hourly health insm- mce benefit 1. The length of the abatement you are requesting J Vk-S (,4 1-10 year ubaremew maybe requested for real estate bnpravements 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 • the state(s) in which the equipment is being brought into Indiana from if purchasing used. equil?meaif • the cost of each piece of equipxuent 3- If maidng real estate improvements, please provide a list that includes the following: brief description of the real estate improvement (new consvuction, rehab, expansion, etc.) • size of the proposed real estate improvements • costs of the proposed real estate improvements DEFINPTIONS 1. Average hourly wage for existing employees: for your most recent pay period please provide the average base wage per hour for all cmTe= frill tom, non supervisory employees. Do not include the following groups: A. part time employees; B. management, supervisory, foremen, or my other supervisory peer =el; C: owners, stockholders, or partners if they own 2% or more ofthe business, and their &mily members. 2. Average hourly wage for projected new positions: Use the same. defiaition of employees to be iucluded as in number one above. 3. Average hourly bealth insnranco benefit: Please provide the cusr.�eat company paid health mstvauce bemehts provided to hourly employees (as defined above) and family members. Please pre sent m the form of as hourly rate computed using tht annua1 cost per eligible employee divided by 2090 boors. ID:1 765 963 7212 PAGE 4/6 rSB-1 AFR-06-04 12:48 FROM:CITY OF RICHMOND FINANCE State Form 27157 (Re 14-00) Ww" Farm SS - t is prescn'bed by the State Board o! Tax Commissioners,1889 iNSTRUC71ONS: �Ec�'VED APR 2 9 20U4 T. This smiemenr must be submitted to the body designating the economic rev d ization area prior to the public hearing if tine designating body requires infor- mafion from the applicant In making its decision about whether to designate an Economic Revltalrxat rr Area. Otherwise this statement must be submitted -to the designating body BEFORE a person installs the pew manufacturing equipment and / or research and development equipment or BEFORE the redevelopment or rehabithaffon of real property for which the person wishes to claim a deduction, Pr4ects' planned or committed to after July 1, 1987 and areas designated after July 1, 1987require a STATEMEM"OPBENEFITS (IC 6-1.1-127) 2. Approval of the designating body (City Councif, Town Board, County Countyt. eta) must be obtained prior to inifration of tine redevelopment orrehabltitatfon, or prior to inswIlation of the new manufacturing equipment and l or research and development equipment BEFORE a deduction may be approved 3. To obtain a deduction, Fora S22 ERA, Real Estara Improvements end l or Form M ERAI PPME and l or S22 ERA / PPR & DE. must be hied Wn the county auditor_ 1Nith mspectib real property, Form $22 ERA must be filed by she later of- [t) May 10; or (2) thirty (30) days after a notfee of increase In real property assessment is received from the township assessor. Form 322 ERAI PPME and or 322 ERA PPR & DE must be tried between March 1 and May 15 of the assessment yearin which new manut$rtrrrfng equipment and /or research and development equipment becomes assessable, unless a filing extenskn has been obtained. A person who obadns a Illing extension must NO the form between March 1 andJurta 14 of that year. 4. Property.owners whose Statement of Benefits was approved after June 30, 1991 must submit Form CF-I annualy to show compliance vAm the Swtemant of Benefits. (IC 64.1-12.1 5.B) S. The schedules established under IC 6-1.1-72.1-4(d) and 1C 6-1.1-12.1-4.5 (e) effective duly 1, 2000 apply to any statement of benefits filed on or after July 1, 2000. The schedules effective prior to July 1, 2000 shalt continue to apply to those statement of benoflts flied before July 1, 2000, Name of taxpayer LogP L - Address of taipayor (street and number, city, state and 7JP axle) e cz, dame of contact person � 4AJA. Telephone number C$c ( ) Narp t designating body Resolution number olGc,.. e.( L t Location of property County /Q PA o GfAzr ' `% IN U, Taxyjcf, i ( ti� Description of real property improvements and i or new manufacturing equipment and I or ESTIMATED Start D� Completion Date res arch and dev opment equipment (use a bona! sheets !f nec�sry) It1� 10 n oa S. I` i U �`0/ajG- at y Real its /1 L_-L,--r acn -A M t= 4ZC,-S URf4- ,-r {a 1S 2r) 54?7J 41jA AS A M t 0 LuC*S.i P cis 91-2=YF u S . New Mfg Equipment 1S ! GZ i t5u /lmJ C-ce)o7'Gi2 P—ct2 C_tC-i r�iL2,4 i" R & DE 1„ a • s M - • -�-■ n • Current number Salaries Number retained Salaries Number additional !$ Salaries 07-9, 38Z Cl$ © a ` Ve at 54f Lj4�-.GEM1 -e A NOTE: Pursuant to IC 6-'1.1-12.1-6-1 (d) (2) the Real Improvements Machinery ResearcEqui �e� opment � COST" of.the property is confidential. Cost Assessed Value Cost A.s9essed Value Cost Assessed value Current values 6 — Plus a stimetted values of proposed project Less values of any property being replaced Net estimated values upon completion of project ZSd� W-1*011[iKima s s • -• ■ Estimated solid waste converted (pounds) Estimated hazardous waste converted (pounds) Other benefits: i hereby 22!tiy that the representations in This statertt 1 are true. S[gna of aut riz presenmfive Title -r7.5 n 25 Date signed (monis), day, year) (< a N '^ �mn :mcC>mcC =nccm m 4 � a m of -C� x °—' c c C ro cc 'C 'c a C c C a 3 a m .. �j• M N = � d m m Z� d En ro N w w OR ro u m O f6 _ v ro m m a b. a p O W CDm�� � COro�� m m p a c n Q m W C1 tTj N j to N Y1 tG (D •1l 10 fJ m A d m f e m @ @ m c m a m K c Z7 ': ELN fq m X= N n EO SC = N 1p m F= Cn \ J m m ro m K mm O g ` co c m chci� o w m a * � Ol co C'Om m C41 0 9 C� tl zt� o r m = pn @ m Y7 -br y YD m v A N A O eao F,? 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And Initial requirements for a Midwestern Distribution Center JMC Restaurant Distribution, LP. is an affiliated company to CiCi Enterprises, LP the operator and franchisor of CiCi's Pizza Restaurants. CiCi's currently owns or franchises over 460 restaurants in 22 states throughout the south central and southeastern United States. CiCi's is on a strong growth course fueled by its' successful formula of high quality product and low prices served in a family friendly buffet format. The success of CiCi's has been underscored by being named "Pizza Chain of the Year" two years in a row by Pizza Today magazine, among other awards and honors. For more about CiCi's Pizza, see www.cicispizza.com As CiCi's turns its' attention toward further expansion in the Midwest, their exclusive distributor of food, equipment and supplies is beginning to look for a distribution facility to add to the two currently maintained in Coppell (Dallas), Texas and Kennesaw (Atlanta), Georgia. JMC is a unique foodservice distributor that focuses its' attention only on the CiCi's system. This allows for controlled growth., exceptionally high inventory turns and relatively few sku's. For more about JMC, see www.cicistrucking_com Below you will find some preliminary requirements we have identified as we begin the process of finding a midwestern distribution center. Most of these criteria are flexible within limits, so please view this as a starting point for dialogue toward the goal of opening a distribution center in early to mid 2004. - We are open to looking at the economics of either leasing a facility or purchasing one if there is room to grow in an area roughly bordered by Dayton and Eastern Indianapolis along the 1-70 corridor, though our preference is to lease. — a7 6 �Z_ - To begin, we would be looking in the 15-20,000 square foot range. \J o - 24 ft clear height in the warehouse - 5 dock high doors, 4 with load levelers - We would need approximately 20 auto parking spaces, the majority for overnight parking for drivers. - Safety and security is important. The office/warehouse operates during normal business hours, however there may be vehicles parked and driver activity 24/7 - Availability to park up to 15 trucks - Approximately 1300 square feet of office space - 1500-2000 square feet of cooler/freezer (we will provide) - Easy accessibility to highways (our expected service area from this distribution center will be Minnesota, Iowa, Missouri, Wisconsin, Illinois, Michigan, Indiana, Kentucky, Ohio, Pennsylvania and West Virginia) - Accessibility to truck leasing facilities (our current leasing company is Penske) - 400 AMP electrical service, minimum. Please feel free to call Bob Kulick at 972-745-4205, ext. 5127 if you have questions or need further information.