HomeMy Public PortalAbout019-2003-abatement - VANDOR CORP - NEW MANUFACTURING EQUIPMENT.ORDINANCE NO. 19-2003
A SPECIAL ORDINANCE AUTHORIZING THE APPROVAL OF A STATEMENT OF
BENEFITS FOR A PROPERTY OWNER APPLYING FOR DEDUCTIONS UNDER I.C.
6-1.1-121
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 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:
NEW MANUFACTURING
EQUIPMENT - 10 YEARS
Vandor Corporation
New Jobs: 9 Jobs Retained: 71
Estimated New Value: $1,201,000.00
Dated: March 11, 2003
40 Passed and adopted thi `day of 2003 by the Common Council of the City
of Richmond, Indiana.
4
a�4
(Bi WePresident
lch)
AL City Clerk
(No a Schroeder)
PRESENTED to the Mayor of the City of Richmond, Indiana, this_ day of ,
2003 at 9.00 a.m.
i
5
City Clerk
(Norma Schroeder)
OVE,] by me, Shelley D. Miller, Mayor of the City of Richmond, Indiana, this "day
t
, 2003 at 9:05 a.m.
Mayor
(Shell D. Miller)
TT - City Clerk
(N rma Schroeder)
STATEMENT OF BENEFITS
_r State Form 27167 (R7112-01)
wf Prescribed by the Department of Local Government Finance
INSTRUCTIONS:
F- t
RECENCO MAR 4 ej
FORM
SB-1
1. This statement must be submitted to the body designating the economic revitilization area prior to the public hearing If the designating body requires infor-
mation 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 1 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,
or prior to installation of the new manufacturing equipment and I or research and development equipment, BEFORE a deduction may be approved.
3. To obtain a deduction, Form 322 ERA, Real Estate Improvements and 1 or Form 322 ERA I PPME and I or 322 .ERA i PPR & DE, must be filed with the
county auditor fMth 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 I PPME and 1 or 322 ERA PPR & DE must be filed between March 1 and May
15 of the assessment year in which new manufacturing equipment and i 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 the extended due date of that year.
4. Property owners whose Statement of Benefits was approved after June 30, 1991 must submit Form CF - 1 annually to show compliance with the Statement
of Benefits. (IC 6-1.1-12.1-5.6)
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.
•N11" TAXPAYER INFORMATION
Name of taxpayer
VANDOR CORPORATION
Address of taxpayer (street and number, city, state and 27P code)
4251 W INDUSTRIES RD RICHMOND, IN 47374
Namc of contact person
Telephone number
CINDY STAMPER, CONTROLLER
(765 )966-7676
SECTIION.2i LOCATION AND DESCRIPTION OF PROPOSED PROJECT
Name of designating body
Resolution number
COMMON COUNCIL OF THE CITY OF RICHMOND INDIANA
10-1984 11-1991
Locat: -) of property
County
Taxing district
4251 W INDUSTRIES ROAD
WAYNE
RICHMOND CORPORATION
Description of real property improvements and I or new manufacturing equipment and 1 or
ESTIMATED
research and development equipment (use additional sheets if necessary)
Start Date
Completion Date
Real Estate
SEE ATTACHED
New Mfg Equipment
4 15 03
4 / 1 4
R&DE
ESTIMATE OF EMPLOYEES AND SALARIES AS RESULT OF PROPOSED PROJECT
dditi Salaries Number retained Salaries Number aonal Salaries
tFn�tFmber_
71 1,849,781. 71 1,849,781 1 9 183,830
S iNrid ESTIMATED TOTAL COST AND VALUE OF PROPOSED PROJECT
NOTE: Pursuant to IC 6-1.1-12.1-5.1 (d) (2) the Real Estate Improvements Machinery Research and Deveiopment
Equipment
COST of the property is confidential. Cost Assessed Value Cost Assessed Value Cost Assessed Value
Current values
Plus rstimated values of proposed project
1,201,001.
Less values of any property being replaced
Net eG!imated values upon completion of project
MY • . . •FITS PROMISED
Esti;i,ated solid waste converted (pounds) Estimated hazardous waste converted (pounds)
Other ')enefils:
CERTIFICATIONSECTiO44% TAXPAYER
I hereby cerfifi the representations in this statement are true.
Signature of authorized representative
Title
Date signed (month, 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 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 ❑ IN o
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 $-----------___ Y_•
C .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.
Approved: (signature an fi of"guthorized me er)
Telephone number
Date 'gned (month, day, year)
n
Z-1 — 6_�3
A ed by:
Des' ated body n
6XC\ eL
_
* 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 ;>ixpayer is entitled to receive a deduction to a number of years designated under IC 6-1.1-12.1-4 or 4.5
March 11, 2003
Following is a listing of equipment that is planned for purchase to enhance our capabilities to generate
additional sales. This increased capacity is the basis for requesting abatement. Below are estimated
values for new equipment purchases.
Description of Equipment Cost of Equipment Vendor to Purchase from
Injection Molding Machine
$100,000.00
Vandorn
Shuttle Vacformer
$60,000.00
Zed Industries
Cooling System
$35,000.00
Advantage
Pioneer Press
$40,000.00
Pioneer Container
Shirring Machine
$12,000.00
Georgia Attachment
Fabric Roll Slitter
$17,000.00
Georgia Attachment
Towmotor
$14,000.00
Miami Industrial Truck
CNC Router
$180,000.00
Mueller Co. Inc.
Scrap Baler
$18,000.00
Bale Master
Plastic Grinder
$20,000.00
Plastic Processing Equip
Assembly Line System
$35,000.00
Motion Industries
Lot Racking
$16,000.00
Miami Industrial Truck
Stretch Wrapper
$12,000.00
BGR Corporation
Vacuumforming Tools
$30,000.00
Tooling Technology
T-Nut Inserter
$7,000.00
Stafast Inc.
Thermoformer Machine
$200,000.00
Zed Industries
Injection Molding Machines and Tools
$165,000.00
Nationwide Machinery Sale.
Injection Molding Tools
$100,000.00
Custom Molding
Dust Collection System
$60,000.00
Aget Company
Ancillary Equipment
$80,000.00
Garber Electrical
MAR-13-03 09:32 FROM=CITY OF RICHMOND FINANCE IA:1 795 993 7212 PACE
Form S&-1 A
City of Richmond, Indiana
Taxpayer- Wage & Benefit Information
Company Name, AAdaress & Contact Person:
The mforation requested- on dw supplement to form SB-1 must be completed and submitted
alwS with your SB-1 in order for your tax abatement request to be considered by Richmond
Cortmo + Council. Please retain your records and calculations used to arrive at the information
mquosted on this form. It is subject to review as a part of our mouitoring process. / o
1. Average Dourly wage for existing employees
2. Average hourly wage for projected new positions $ f 00
3. Average hourly health Wst mce bme$.t $ F
1. The length of the abatem wt you are requesft
(A 1-10 year abatement maybe requested for real estae improvements and manufacturbsg eqw0me7d)
2. If purcha ft egtipme t, please attach a list that includes the following:
• brief description of each piece of egmpxaelat being purchased
0 the projected useful hfe of ewh piece of eq umi=t
• the state(s) in which the egdpment is berg brought U to Indiana from if purchasing used
equipment
• the cost of each piece of egaipmmllt
3. if wal�ng real estate ianpmvements, please provide a list that includes the following:
• brief description Of the real estate improvement (new construction, rehab, e3g ansion, etc.)
size of the proposed rest estate improvements
• costs of the proposed real estate improvements
UUMM4biS
l _ Average'homly Wne for existffig ezzxpioyees: for your most recent pay pmod please provide the
average rase wage per horn- for ail a went M time, non -supervisory en*oyees. Do not include the
following groups:
A_ part time employees;
B. management, mwerrh s, foremen, or any other' supervisory perso el;
C. owners, nocltholders, or partners if 111ey own 2% or more of the business, and tt'ieir
family membem
2. Average hourly wage for projected new positions: Use the same definition of employees to be inchlded
as in w ber one above_
3. Amage hourly health mmrm ce befit: please provide the m=ent company paid. he lih iaa=ance
benefits provided to hourly employees (as defined above) and. hm4y members. please presezat in the
form of an hourly'rate computed using the annual cc$t per eiigibie employee divided by 2090 hours.
Sipattxre afid Tittle) Gee)
2J2
ORDINANCE NO. 20-2003
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 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:
NEW MANUFACTURING
EQUIPMENT - 10 YEARS
Richmond Baking Company
New Jobs: 3 Jobs Retained: 120
Estimated New Value: $450,000.00
Dated: March 21, 2003
<r
Passed and adopted this I day of L'A 2003 by the Common Council of the City
of Richmond, Indiana.
t
{Bi Welch)
A ES , City Clerk
President
(Nor Schroeder)
PRESENTED to the Mayor of the City of Richmond, Indiana, this day of JL ,
2003 at 9:00 a.m.
City Clerk
(No a Schroeder)
me, Shelley D. Miller, Mayor of the City of Richmond, Indiana, this o day
'*POVED
, 2003 at 9:05 a.m.
Mayor
(She D. Miller)
A
�ity Clerk
STATEMENT OF BENEFITS S FORM
State. Form 27167 (R7112-01) RECEIVED
Prescribed by the Department of Local Government Finance
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 infor-
mation 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 I 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_1,1MLfequire a STATEMENT OF BENEFITS. (IC 6-1.1-12.1)
Z Approval of the designating body (City Council, Town Board, County Council, efc.)must tie obtained prior-tc initlaVon-of the redevelopment or rehabilitation;
or prior to installation of the new manufacturing equipment and I or research and development equipment, BEFOREa deduction may be approved-
3. To obtain a deduction, Form 322 ERA, Real Estate improvements and 1 or Form 322 ERA I PPME and! or 322 ERA I 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 1 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 I 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 the extended due date of that year.
4. Property owners whose Statement of Ben efts was approved after June 3o, 1991 must submit Form CF - i annually to show compliance with the Statement
ofBenefrts. (IC 6-1.1-12.1-56)
5. The schedules established under 1C 6-1.1-12.1-4(d) and IC 6-1.1-12.1-4.5 (a) 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,
m
Name of taxpayer
Richmond Bakin Corn an
Address of taxpayer (street and number, city, state and ZIP code)
P. 0. Box 698, 520 North 6th Street, Richmond, IN 47375
Name of contact person Telephone number
( 765) 962-8535
• • r "Mill r • '-•'r r "•
Name of designating body Resolution number
_ Comm -on Council City o f Richmond - _--_--_ --�--�
Location of property County Taxing district
Same WaY11e Richmond
Description of real property improvements and I or new manufacturing equipment and I or ESTIMATED
research and development equipment (use additional sheets if necessary) Start Date j Completion Date
Cost and installation of bulk storage Real Estate
system for corn sugar and liquid short- New Mfg Equipment 12 03
ening and related.baking and production340.3
.equipment.-- R&DE
Current number Salaries Number retained Salaries 'Number additional Salaries
120 4,787,718 120 4,787,718 E 3 90,000
Ree a,C" Orr' Ow.c.opmr-0 ,
MOTE: Pursuant to IC 6-1.1-12.1-5.1 (d) .(2) tha Deal Estate ir>;rprovemants Machinery Equipment
COST of the property is confidential. Cost Assessed Value Cost ;Assessed Value Cost Assessed Val;
Current values - kT01 ) i '0
Pitts_ estimated values of proposed project �_
Less values of any property being replaced �
Net estimated values upon completion of projectf
Estimated solid waste converted (pounds) Estimated hazardous waste converted (pounds) --
Other benefits:
Equipment will enable us to remain competitve within the industry
and attract new b.usinessTWhale er ainn"-eisCrg businessf-or--C)-u----
current workforce.
•
a
1 hereby certify that the representations in this statement are true.
Signature of authorized representative Title Date signed (month, day, year)
UCo_�, Pt0_4-----
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
-g--Th--ty ofdeductionthatis allowed in tine designated
I. Redevelopment or rehabilitation of real estate improvements; ❑ Yes ❑ No
2. Installation of new manufacturing equipment; ❑ Yes ❑ No
3. Installation of new research and development equipment; ❑ Yes ❑ No
4. Residentially distressed areas ❑ Yes ❑ 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 $ _ _— —_ 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)— -- --- - - —
hat
aAlso we ble have
reviewed
deteinformation contained in the statement of benefits and find rmined the totality of benefits is sufficient to justify the deduction described above
and expectations are reason-
1 ((signature Atitleauthadzed membe ;Telephone number late 9ned (month, day, year)
_1y. - �—�_ De ated body —
signating body limits the time period during which an area is an economic revitilization area, it does not limit the length of time
If t e de
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
MAR--21 -03 14 = 51 FROM:CITY OF R I CHMONID FINANCE I D = 1 765 993 7212 PAGE
Form. SB-1A
City of Richmond, Indiana
Taxpayer Wage & Benefit Information
Company Name, Address & Contact Person:
Tile infOM&O11 requested on this supplement to form SB-1 must be completed and submitted
along withyour SB-1 in order foryour tax abatement request to be. considered by Richmond
Comm= Councfl_ please retain yotw records and oalcltlatitms used to arrive at the information
requested on #his form, it -is suit jest to review w as a part of otar monitoring prmess.
1. ,Average hourly wage for existing employees $ lY
2. Average hourly wage far projected spew positions 4
3. La vemge i10ur1y health inset -duce benefit $ 3; 1
1. The lengh of the abatement you are requestiotg
(A 1-1 U year abatement may be requested far real estae MW wemerds and maracfacrurrttg equipment)
2. ifp=hasmg equipment, please attach a list that includes the fallowing:
• . brief description of each piece of erltnpru eut being purchased
• the projected useful life of each piece Of cqv�pmemt ,
the states) is which ihee#pment is being bxaught into Indiana. from If purchasing used
equipment
• tb.e cost of each piece of equipment
3. If madng real estate improvements, please provide a list that includes the following:
brief won of the real estate improvement (=w rons=ctiols, rehab, expansion, ft.)
a stw of the proposed real estate finPmv=ezU
W costs of the proposed seal estate hgpi*oviN=ts .
DONS
1. ' Average hourly wage for =istiag etBpY¢yees: for yam most rec= pay period please pxovzde tb e
average base wage per boar for all cur= W time, nom._tprrvisory employees. Do not iudude 't7ie
following Voups:
t.. part a= a riw,ees;
B. M=* eat, supesVisai% fi =ea, or any ether supe dS=y Persaanei;
C. owners, stockhol,dem or partners if they own 2% or more of the business, and their
h=ly metrib`wz
Z Average hourly v W for projected new positions: Use the same definition of employees to be included
as in number one above. health imsurailce
3. Avemp hourly health h=ance beaten: Please provide the ctn = eamPany P
bmeft provided to houly employees (as defined above) and fly members. Please present in the
� ..._ ms ¢f as iy rate csmPutc� using the m mnal coster e1ig'
pble employee &vided by 2030 b�oum .
(Aix hmized Si aatwe and'Iitle) P)
6/6