HomeMy Public PortalAbout036-2004 - Tax Abatement - FHS Partners - Equipment.pdf.w.exh.pORDINANCE NO.36-2004
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, Y.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:
EQUIPMENT - 10 YEARS
FHS Partners, L.L.C.
New Jobs: 18
Jobs Retained: NIA
Estimated New Value: $281,610.00
Dated: May 6, 2004
Passed and adopted this 7 day o 2004 by the Common Council of the City
of Richmond. Indiana.
ATTES City Clerk
{Karen Chasteen)
PRESENTED to the Mayor of the City of Richmond, Indiana, this 0 day of Q,
2004 at 9.00 a.m.
City Cleric
(Karen Chasteen.)
AP OVED by me, Sarah L. Hutton, Mayor of the City of Richmond, Indiana, this k day of
2004 at 9:05 a.m.
ayor
Sarah L. Hutton
ATTE City Clerk
(Karen 4�hastecn)
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 . Redevelopment or rehabilitation of real estate improvements; ❑ Yes ❑ No
2. Installation of new manufacturing equipment; ❑ Yes ❑ N o
3. Installation of new research and development equipment; ❑ Yes ❑ No
4. Residentially distressed areas ❑ Yes ❑ 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.
Approve : (signature d 8 autho member)
Telephone number
Hate signed (month, day, year)
Aps- Af:5 -
Attested
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
•- .. W -- : a : -X= r MQAn : L. 1 1 Y Ur X 14rtMUNU FINANCE
/.T;VMc . � Stsre Form 271e7 R514.00
_ J Farm 38 - 1 is prescnlI ed by the Srata Board of Tax Cam nissionam,1989
ID:1 7E5 583 7212
PACE 4/B
E-1
WSTRUCTIONS: fay
I. This starement must be submitted to the body deslgnahng the economic revigrizattan area pdor to the public hearing it the designating body requires ini'or-
maffon from the applicant in making its decision about whether to designate an Economic Revitatrzatton Area. OtherwLss this statement must be submitted
-to the designating body BEFORE a person installs the clew manufacturing equipment and/or research and development equipment, or BEFORE the
redevelopment or rehaoiliradon of real property for which the person wishes to claim a deduction. Pro/ects' planned or committed to after July 1, 198i and
ed afterJufy 1, 798Trequlre a SFATEMENrOFBENERTS.
areas designat(!C 6.1.1-12.1)
Z ApproveI of the designating body (aty Council, Town Board, County Council, eta) must be obtained prior fo initiation of the redevelopment or mhablika son,
or prior to instatlaffan of the new manufacWring equipment and /or research and development equipment, BEFORE a deduction may be approved.
Z To obWry a deduction, Form =,ERA, Real Salome Improvements and/or Fort 322 ERA /PPME and/or.322 ERA /PPR & DS. must ba !',led with the county
auditor. With respect to real property, Form $22 ERA must be filed by the later of (1) May 10, or (2) thirty (30) days after a notice of r'ncrease in real property
assessment Ls received from the township assessor. Form 322 ERA/ PPME and or 3.22 F,RA PPR & DE must be bled between It larch 1 and May 15 of the
been b=Gssmelai din which newmanulaciurfng squlpment and /•orrasearch and development equipment becomes assessable, unless a filing extensfon has
person who obtains a filing extension must ftEe the form between March 1 and June 14 of Thar year
4. Pinperty-owners whose Statement of Senefrts was approved after June so,1991 must submit Form CF-I annually to show compliance wrrh the Statement
oft3ene6ts. (IC s-1.1.121-ss)
5. The schedules established under IC 6-1.1-121.4(d) and 1C 6-1.1-72.14X (e) effocrhre July 1. 2000 apply to any statement of benehs filed on or after
July 1, 2000_
rho schedules effective prior to July 1, 2000 shaft continue to apply to those statement of hanafftc Mari hnfnrn I.,r., . nnnn
Marne of taxpayer �/
Cam- L
Address of to)payer (srresrand number, city, star& and7JP code)
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V f c C."L4, 7 7
Name of contact person p
Telephone number
N f designating body
Resolution number
Location of property County
ra P A o
T str'ict
��rr e�
De&crlption of real property improvements and 1 or new manufacturing equipment and / or
ESi"IMATED
research and dev opment egLdpment (use a, �rtional sheets ff necessary)
Completion Dale
� 0 L10a S te' K U rC-oirx c . / fibStartDate
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(- r?t -tv 1` (, 1S i 1Wlz,770. Real Esmto '
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1 S! 21 D iicrzJ C k; Tc '� o L r C! V e Now Mfg Equipment
&F9(C4R&XW &OP R & DE
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Current number
Salaries Number retained Salaries nBerwit additional !8 Salaries ;Z-9,;38Z
C" tatz , !%tC,*[Ni re A
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tl � ! tl ■ -r•• e - •
NOTE- Pursuant in IC rrt.1-12.1�5_t (d) (2) the
Real Estm Improvements Machinery
Research and Development
Equipment
COSTof.the properly is confidential.
Cost
Value
cast
Assessed Value
Cast
Assessed Value
Current values
v O
Plus estimated values of proposed project
l t o
Less values of any praperty being replaced
Net esfntated values upon oarnpletion of pWlect
S f e l u
Estimated solid vraste converter! (pounds) Estimated hazardous waste convertsd (pounds)
Other benefits:
• • , •
1 hereby certify that the representations in this statetnerd are true.
Sign of riz presentative -
Twoe ��15 7^C-�S
Date signed (month, day, year)
LC.
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tom•. �" d
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12:4e FRom;ciTy of RICHMOND FINANCEL ID: 1 76S Sea 7212 PACE 6/6
City
• Form sB-xA
of Richmond, Indiana
Taxpayer Wage & )Benefit formation
Company Name, Address & Contact Person_ V'Ks t ARX-"36,-�- 4-L-G
�(t" 4 Lannc-
1010 so„ (% A SF-
R��,►Mo„a, , ra uz37�
The information requested on this supplement to foxm SB-i must be completed and submitted
along with your SB-1 in order for your tat abatement request to be considered by Richmand
Common Council. Please retain your records and calculations used to arrive at the infoxmatzon,
requested on this form. It is subject to review as apart of our monitoring process.
1. Average hourly swage for existimg employees $
2. Average hourly wage for projeete d new positRons
... 3. Average hourly health znstlran ce benefit
L The leng1h of the abatement you are `
(.41-1 Q year aborement may be requested for real estate irnprovenienb and many factoring equrPmenc)
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 equiplmLemt
• the state(s) in which the equipmzmt is being broaa& into Tudiana. from if p_Urchasing used
equipment
the cost of enh piece of equipment
3. If znalang real estate inrprovew,euts, please provide a list that includes the fallowing:
• brief descaiption of the real estate improvement (nova construction, rehab, expansioA etc.)
+ size of the proposed zeal estate i ppibvements
• costs of the proposed real estate imlxravements
AUMMONS
L Average hourly wage for existing employees: for your most recent pay period please provide the
average base wage per haes for all Current full Lime, =U Wperv1sory employees. Do not include the
fallowing gwups:
A part time employees;
B, management =n0`ViMxs, foremen, or any od= supervisory pemouzae4
C avmers, swckhOlders, Or paters if they owns 2% or more of the busines% and their
bmily inembers.
2. Average hourly wage for projected newpositio= Use the same deftition of employees to be included
as in number one above:
3. Average broody health insurance benefit; Please provide the cLurent compatly paid healtiL insu ce
beaefxts provided to hourly employees (as defined above) and fmmly members. Please present m the
foam of am hourly rate computed using the annual cost per eligible =ployee divided by 2080 hours.
(Autiaon and Tile) (D)
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A Brief Introduction to JMC Restaurant Distribution, Inc.
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 I-70 corridor, though our
preference is to lease. (� %-
- To begin, we would be looking in the 15-20,000 square foot range. --- o e
- 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.