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HomeMy Public PortalAbout071-2004 - Tax Abatement - Country Kitchen - Real Esta.pdf.w.exORDINANCE NO.71-2004 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 AND SPECIFICALLY 6-1.1-12.1-7 (UPTOWN AREA) WHEREAS, Common Council has previously designated an Economic Development Target Area for Uptown Richmond pursuant to Ordinance No. 7-2002; and WHEREAS, I.C. 6-1.1-12.1 requires the Cornmon 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 redevelopment or rehabilitation of real property in the Economic Development Target Area; and WHEREAS, an owner of real property located in an Economic Development Target 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), which time period has been more further redefined by the provisions of the above Ordinance depending upon the work to be perfonned; 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, is reasonable for projects of that nature. 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. 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. 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. 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 Daniel F, and Brenda K. Cummings New Jobs: 3 Jobs Retained: 9 Estimated New Value: $200,000.00 Dated: September 7, 2004 Passed and adopted this 4 day of 2004 by the Common Council of the City of Richmond, Indiana. �z President (La Pa ATTESIL ity Clerk (Karen Chasteen) PRESENTED to the Mayor of the City of Richmond, Indiana, this day of , 2004 at 9:00 a.m. City Clerk (Karen Chasteen) AP ROVED by me, Sarah L. Hutton, Mayor of the City of Richmond, Indiana, this _j,4Eday of 2004 at 9:05 a.m. 4 yor (Sarah L. Hutton) ATTEST: - rk ( ,.aren Chasteen) e SIA STATEMENT OF BENEFITS 5; State Form 27167 (R6 / 4-00) Form SB - 1 is prescribed by the State Board of Tax Commissioners, 1989 reps FORM INSTRUCTIONS: 1. This statement must be submitted to the body designating the economic revililfzation area prior to the public hearing if the designating body requires Infor- malfon 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, or BEFORE the redevelopment or rehabilitation of real property for which the person wishes to claim a deduction. 'Projects' planned or committed to after July 1, 1987 and areas designated after July 1, 1987 require a STATEMENT OF BENEFITS. (IC 6-1.1-12.1) 2. Approval of the designating body (City Council, Town Board, County Council, etc.) must be obtained prior to Initiation of the redevelopment or rehabilitation, orprior to installaflon of the new manufacturing equipment and /orresearch and development equipment BEFORE a deduction may be approved. 3. To obtain a deduction, Form 322 ERA, Real Estate Improvements and/or Fort 322 ERA /PPME and/ or 322 ERA /PPR & DE, must be filed with the county auditor. With respect to real property, Form 322 ERA must be filed by the later of: (1) May 10; or (2) thirty (30) days after a notice of increase in real property assessment is received from the township assessor. Form 322 ERA / PPME and / or 322 ERA PPR & DE must be filed between March 1 and May 15 of the assessment year in which new manufacturing equipment and/ or research and development equipment becomes assessable,unless a filing extension has been obtained. A person who obtains a filing extension must file the form between March 1 and June 14 of that year. 4. Property owners whose Statement of Benefits was approved after June 30, 1991 must submit Fort CF - 1 annually to show compliance with the Statement of Benefits. (IC6-1.1-12.1-5.6) 5. The schedules established under IC 6-1.1-12.1-4(d) and IC 6-1.1-12,1-4.5 (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. Narne_ai t�lti - � 6- ,V�llr 6��4 1- YYi4`�nl Address of taxpayer (street and number, city, state and ZIP code) Name of ontact perso . CA�M 5 Telephone number ) Q�� • • • i i • • • • • . • - • Name a eslgnating body Resolution number Location of propeoy Cou Taxing district Description of real property improvements and I or new manufacturing equipment and I or research land development equipment ( se additional shoots dditionallshoots if necessary) � �� - ESTIMATED Start Date Completion Data06 Real Estate i� A New Mfg Equipment rR & DE r Current number S�aiaries !^ Number rota€ned S�allaries� ��� Number additional Varies& 7 {�ha • . NOTE: Pursuant to IC 6-1.1-12.1-5.1 (d) (2) the COST of the roe is confidential. p p . • i • Heal Estate Improvements -s•• .••. Machinery Research and Development Equipment Cost Assessed Value Cost Assessed Value Cost Assessed Value Current values I ( OD Plus estimated values of proposed project Iwo, Less values of any property being replaced (K7, Q Net estimated values upon completion of project , Estimated solid waste converted (pounds) Estimated hazardous waste converted (pounds) Other benefits: a e I hereby certify that the representations in this statement are true. Signature of authorized representative Title Date signed (p3onthl day, year) 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 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 ❑ 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. A proved: (si at d title of authorize ember) Telephone number pate signed (month, year) �j �7,� tday, /0AZO I Aft sted b besignated b r * 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 Form SB-1B - Uptown Target Area 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. The length of the abatement you are requesting (A 1-10 year abatement maybe requested - Up to 5 years for 1'`floor renovations and up to 10 years for upperfloor renovation and/or exterior improvements). 2. Are the real estate improvements new construction rehabilitation _ expansion other (if other, please describe) 3. Will the improvements involve a first floor yes no 4. Will the improvements involve upper floors or basements — yes no 5. Will the improvements involve the exterior of the structure �K yes _ no 5. Attach a brief description of the type of real estate improvements including, but not limited to, location, size (if expanding), cost estimates, drawings (if available) and scope of improvements. The scope of improvements should include descriptions of the I", 2"d, 3rd, etc. floor renovations, exterior improvements and any other applicable information. 7. Average hourly wage for existing employees $ S. Average hourly wage for projected new positions $ 9. Average hourly.health insurance benefit $ 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 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, Authorized Signature and tle Date Kount[y Kitchen Staff Full -Time Employee #1 $ 8.50 Employee #2 $ 9.25 Employee #3 $ 6.50 Employee #4 $ 2.25 plus tips Employee #5 $ 2.25 plus tips Position #1 $ 7.00 Position #2 $ 7.00 Position #3 $ 2.25 plus tips Part -Time Employee #1 $ 6.35 Employee #2 $ 2.25 plus tips Employee #3 $ 8.50 Y iNK7 %_Y � GEIER CONTRACTING, INC. 2484 RICH RD. RICHMOND, IN 47374 (765) 965-0770 Fax (765) 965-2988 TO: Dan & Brenda Cummings D.B.A. Kountry Kitchen 1015 East Main Street Richmon IN 47374 We hereby submit specifications and estimates for: EXHIBIT "pin NUMBER: JOB NAME ! LOCATION Restaurant 28 DATE PHONE Tear down and replace existing restaurant building located at 1015 East Main street in Richmond IN and erect a new 4200 s.f. I -story restaurant building. Work to include: DEMOLITION -Tear down existing brick and frame structure complete. Haul and dispose of all debris. -Fill in existing basement areas with compacted .fill materials. FOUNDATION -Excavate for new 42' x 100' concrete building foundation and floor slab. -Pour steel reinforced building footers and lay concrete block foundation walls. -Install under slab rigid foam insulation. -Pour a 4" concrete floor, smooth trowel finish, cut control joints and seal. floor. LOUGH FRAMING -Frame 2x4xl0' tall exterior and interior walls per Contractor Plan Drawings, based on floor .ay out by owner. -Install engineered hip wood roof trusses with a 4/12 pitch and 18" overhangs. •Install o.s.b. roof and wall sheathing. -Install fire rated plywood _at roof perimeter to meet State Fire Code. -Install fire rated gypsum sheathing under subsiding on sidewalls to provide fire rated wall :ssemblies. Install (1) pair of full -glass aluminum entry doors. Install (2) steel clad exit doors and concrete stoops. Install (2) 6'x3' fixed glass vinyl window units in entry wall. We Propose hereby to furnish material and labor complete in accordance with the above specifications, for the sum of: dollars ($ }. Payment to be made as follows: All material is guaranteed to be as specified. All work to be completed in a professional manner according to standard practices. Any alteration or deviation from above speafica- Authorized lions involving extra cosiswill be executed only upon written orders, and wit[ become an extra Signature charge over and above the estimale- All agreements contingent upon strikes. accidents or Cont' d delays beyond our control. Owner to carry fire. tornado, and other necessary insurance. Our Note: This proposal may be workers are fully covered by Workers Compensation insurance. withdrawn by us if not accepted within days. Acceptance of Proposal— The above prices, specifications and conditions are satisfactory and are hereby accepted- You are authorized to do the work Signature as specified. Payment will be made as outlined above. Signature Date of Acceptance: GEIER CONTRACTING, INC. 2484 RICH RD. RICHMOND, IN 47374 (765) 965-077€1 Fax (765) 965-2988 To. Dan & Brenda Crimmi ngs D.B.A. Kountry ntchen 1015 East Main Street Richmon IN 47374 164.E I V o MJ 3A L NUMBER. 26 PHONE �==IDIATE66--6332 2 JOB NAME I LWAnON New Restaurant JOB NUMBER ,Jog PHONE We hereby submit specifications and estimates for: - EXTERIOR FINISHES -Install 25 year fiberglass roofing shingles over 15# felt. -Install aluminum metal.fascia trims. -Install 29 ga. vertical metal siding to (3) sides of building. -Install brick veneer on front entry wall. -Install continuous aluminum gutters. INTERIOR FINISH -Insulate walls to R-13. -Insulate attic to R-30. -Install 5/8" firecode drywall to all walls and ceiling areas. Smooth finish, ready for paint. -Install solid core primed interior doors. -Install glue down carpeting in dining areas, non -slip quarry the in kitchen and entry area and vinyl composite tile on balance of floors for an installed allowance of $13,300.00 -Install 4" vinyl cove base on all walls. -Prime and paint all drywall walls and ceilings, one color throughout. -Install A.D.A. grab bars in womenn's and men's restrooms. -Install one wall mirror in each restroom. ELECTRICAL -Install a new electric service panel to building. -Install surface mount fluorescent light fixtures. -Install 110v wall outlets -Install emergency exit lighting to code. -Wire service to new H.V.A.0 equipment and relocated kitchen equipment. We Propose hereby to furnish material and labor —complete in accordance with the above specifications, for the sum of: - dollars ($ ) Payment to be made as follows: All material is guaranteed to be as specified. All work to be completed in a professional manner according to standard practices. Any alteration or deviation from above speciffca- Authorized tions involving extra costs will be executed onty upon written orders, and will become an extra Signature charge over and above the estimate. All agreements contingent upon strikes, accidents or Cont delays beyond our control. Owner to carry fire, tornado. and other necessary insurance. Our Note: This proposal may be workers are fully covered by workers Compensation insurance_ withdrawn by us if not accepted within days. Acceptance of Proposal— The above prices, specifications and conditions are satisfactory and are hereby accepted. You are authorized to do the work Signature as specified. Payment will be made as outlined above. Signature Date of Acceptance: 177 GEIER CONTRACTING, INC. 2484 RICH RD. RICHMOND, 1N 47374 (765) 965-0770 Fax (765) 965-2988 NUMBER: UACE TO: Dan & Brenda Cummings D_B-A. Kountry Kitchen 1015 East Main Street Richmon IN 47374 We hereby submit specifications and estimates for: r JNew Restaurant PLUMBING -Rough in plumbing for (2) restrooms and new kitchen area. -Provide and install the following fixtures: (1) women' s toilet. (1) men's toilet- (2) wall hung lavatories. (1) gas or electric water heater. (1) floor mounted grease trap. -Hook up owner supplied kitchen sinks. H.V.A.C. -Install a complete gas heating and cooling system for restaurant. -All related ducting, venting and controls. misc. -Provide Architectural drawings and IN State Design Release. -Provide State and local Permit fees. -Remove and dispose of all Contractor generated debris. -The Following Are not included In This Proposal; Kitchen hood system installation or fire suppression system. Any kitchen equipment. 26 NOTE: This proposal inbludes new H.V.A.C. equipment installed. If the existing units are use then a Contract Change Order will be issued to reflect cost savings. Make-up air requirements for the new hood system that effect the H_V_A_C. equipment will be cause to adjust final cost of H.V.A.C. equipment. We Propose hereby to furnish material and labor— complete in accordance with 11le above specifications, for the sum of: Two Hundred Thirty Two Thousand Seven Hundred and 00/100 Dollars 232,700.00 daitars (S ) Payment to be made as foflmys: 30 day invoicing based on % of job completion All material is guaranteed to be as specified. All work to be completed in a professional manner according to standard practices Any alteration or deviation from above specifrm- Authorized lions involving extra costs will be executed only upon written orders. and will become an extra Signature charge over and above the estimate Att agreements contingent upon strikes accidents or delays beyond our amtrol. Owner io carry fire, tornado, and other necessary insurance. Our Note: This Xoposal may e workers are fully covered by WodWs Compensation insurance withdrawn by us if not accepted vftin Acceptance of Proposal— The above prices, specifications and conditions are satisfactory and are hereby accepted- You are authorized to do the work Signature as specified. Payment will be made as outlined above. Signature Date of Acceptance: days. > Partly cloudy. High 79. Low 59. PageA4 Tuesday, July 27, 2004 IIJ C i to eari-Al leaAd., �Sor 11 www.pal-item.com $325,000 in damages