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HomeMy Public PortalAbout038-2003-abatement - GRIGG SMITH INDUSTRIES - EQUIPMENTAMENDED ORDINANCE NO.38-2003 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 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: I . 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. S. 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 Grigg Smith Industries LLC New Jobs: 0 Jobs Retained: 4 Estimated New Value: $229,000.00 Dated: April 12, 2003 tL {G Passed and adopted this � day of 2003 by the Common Council of the City of Richmond, Indiana. AZ�President ing 1 ch A EQ,`, , City Clerk No a Schroeder }} [u PRESENTED to the Mayor of the City of Richmond, Indiana, this 1z day o , 2003 at 9:00 a.m. City Clerk Norma Schroeder AP OVED by me, Shelley D. Miller, Mayor of the City of Richmond, Indiana, this � day o , 2003 at 9:05 a.m. Mayor She y D. Miller A S , City Clerk 4NoSchroeder STATEMENT OF BENEFITS ~ State Form 27167 (R614-00) Form SB - i is prescribed by the State Hoard of Tax Commissioners,1 gag i +Ol• INSTRUCTIONS, 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 / 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 duly 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 / or research and development equipment, BEFORE a deduction may be approved. 3. To obtain a deduction, Form 322 ERA, Real Este to Improvements and/or Form 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 riled by the later of., (1) May 10; or (2) thirty (30) days after a notice of increase In real properly 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 i and June 14 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 Statemen of Benefits. (IC 6-1.1-12.1-5 6) 5 The schedules established under 1C 6-1.1-12.1-4(d) and IC 6-1. f-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. Name of taxpayer 1 Address of taxpayer (street and number, JP)city, sia•7te and ZIP code) / I` V © tit h l ta$ ! f ! ✓ U !�� ' / u ~ 11 'C, r.� Y 1,,� L%J ✓ �. Name of contact person 94 I Telephone number • + • + a • • • • { a - a Name of designating body �dr/.UG6C� Resolution number Gd ey'r" Locationof rope V4il?�r• ' � � l �; �l •�'t�' County �� L7 Taxingdlsttq*ct �i/!�/ ..r C.�' � G.L"'t.5! \ / /�NJ .� (/r'• ( Description of real property i provements and I or new manufacturing quipment and I or research and development if ESTIMATED Start Date Completion Date equipment (use additional she necessary) Real Estate ) 0 New Mfg Equipment 00 A&DE • + • • + a + - + • - • - a 11. - • Current nurrSber Salaries Number retal ed Sa ries / Numberadditlonal Salaries L 1J 4,1 . NOTE: Pursuant to 1C 6-1.1-12.1-5.1 (d) (2) the Real Estate improvements Machinery Research and Development Equipment Ct]57 of the property is confidential. Cost Assessed Value Cost Assessed Value Cost Assessed Value Current values oao con �p Y1 Plus estimated values of proposed project 2 0 &Z%1,- Zu & Less values of any property being replaced Net estimated values upon completion of pro get 0 Zoe pa0 I An Estimated solid waste converted (pounds) Estimated hazardous waste converted (pounds) Other benefits: 1t° , 90 G"0— 1i51� [ hereby certify thane representations in this statement are true. Sig f authorized repre t ive Title Date signed ( nth, 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 ❑ N o 2. Installation of new manufacturing equipment; []Yes []No 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. Approved: (signature and ti of authorized m ber Telephone number bate signed (month, day, year) c� A ted 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 1C 6-1.1-12.1-4 or 4.5 Form SB-IA 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 subj ect to review as a part of our monitoring process. 1. Average hourly wage for existing employees $ 'Q 2. Average hourly wage for projected new positions $ a- G 3. Average hourly health insurance benefit $ 1. The length of the abatement you are requesting 16 Y�4"-- (,4 1-10 year abatement maybe requested for real estate improvements and manufacturing equipment.) 2. If purchasing equipment, please attaeh 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 equipment ON 1-4 • 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 real estate improvement (new construction, rehab, expansion, etc.) • size of the proposed real estate improvements • costs of the proposed real estate improvements 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 worm of an hourly ratS-�pomputed using the aTual cost per eligible employee divided by 2080 hours. /I (Authorized Si attire and Title) `(Date) T, w C ORDERLY.... nit ASSET ALUE 1 MONSANTO/PULTROESTER RUBBER EXTRUDER, 33R16UD, COLD FEED, 2741 (108"):1 RATIO, S/N 740430 F-G $ 55,000.00 2 MFG. UNKNOWN 2 ROLL LAMINATING MACHINE, 1/2" PNEUMATIC CUTTER, NSN F-G $ 40,000.00 3 MFG. UNKNOWN ROLL COIL LAMINATING MACHINE, W/ GAGES & CONTROLS, NSN F-G $ 72,000.00 4 BAKER PERKINS 1 BBL JACKETER MIXERIBLENDER, GE 50 HP MOTOR, WESTINGHOUSE DRIVE, GEAR BOX & PINION SIN 38357, CONTROLS F-G $ 42,000,00 TOTAL CALL $ 209,000.00 12 DAVID WILLIAM SMITH M.D. 1080 University Boulevard Richmond, 1N 47374 PROFESSIONAL SUMMARY Phone: (765) 939-2037 Email: Davdoc __earthl.ink.net A well established, practicing physician, highly experienced in hospital and extended care services. His medical real estate development and study of research biochemistry allows a unique perspective in medical applications of hydrocolloids. An accomplished leader with over 20 years of broad medical, business, and leadership experience. Board certified internist * Medical director of extended care facility * Cofounder of Physician/Hospital organization * Research chemist e Staff Physician Chief of Medicine Department • Involvement in medical real-estate development • Founder of Richmond Area Medical Business Office purchasing cooperative• ACLS certified PROFESSIONAL EXPERIENCE Staff Physician Reid Hospital and Health Care Services, Richmond, IN 1989-present Member in good standing with services as Chief of Medicine, Vice Chief of Medicine, Co-founded and served on the PHO board (physician hospital organization) Medical Director- Heritage Regency extended care facility Richmond, IN 1992-present • Responsible for oversight of all medical policies • Facilitator between Administration and Medical Staff • Quality Control • Wound management Medical Director- Schuller/Manville International Richmond, IN 1993-present • Management of all Workers compensation claims • Medical Policy Review • Manages preventative medicine programs Medical Director- JM Hutton Stamping Division Richmond, IN 1995-present • Management of all Workers compensation claims • Medical Policies Review • Manages preventative medicine programs Medical Facilities developer Richmond, IN 1994-present • Veterans Administration Complex Clinic • Richmond Family Care Center (and designer) • Multi -Specialty and Internal Medicine Clinic (and designer) Assisted in Design of: • Eastern Indiana Center for Ambulatory Surgery Richmond, IN 1996-present 1995-present • The Midwest Orthopedic Institute • GYN Limited David W. Smith Page Two Medical Administrator Richmond, IN 1996-present Responsible for administrative activities for busy three -physician multi -specialty practice • Coordination of schedules • Human resources • Purchasing Cooperative • Administrator of Profit Sharing Plan • Site coordinator Research Consultant Merrell Dow Pharmaceutical Cincinnati, OH 1982-1983 Drug Metabolism Department Research Assistant University of Cincinnati Cincinnati, OH 1980-1981 Worked for Dr. Edward Deutsch, Chemistry Department, developing Technetium, Cobalt, and Azo compounds in association with the University of Cincinnati Medical Center EDUCATION/ CERTIFICATION Internal Medicine Specialty Case Western Reserve University 1986-1989 Hospitals of Cleveland Doctor of Medicine University of Cincinnati (top 30% of class) 1982-1986 American Board of Internal Medicine 1990-present Bachelor of Science Chemistry, University of Cincinnati (with honors) 1978-1982 ACLS Advanced Cardiac Life Support 1989-1989 Wayne/Union County Medical Society Richmond, IN 1989-Present In good standing Indiana State Medical Society American Medical Association CERTIFICATE OF FORMATION OF GRIGGSMITH INDUSTRIES, LLC Pursuant to the provisions of the Delaware Limited Liability Company Act, Title 6 Del. C § 18-101 et seq. (the "Act"), the limited liability company named below is hereby formed by the undersigned individual, acting as the sole organizer thereof, by the adoption and filing of this Certificate of Formation providing as follows: Section 1. Name. The name of the limited liability company is GriggSmith Industries, LLC (the "Company"). Section 2. Registered Office and Agent. The street address of the Company's registered office in Delaware is Corporation Trust Center, 1209 Orange Street in the City of Wilmington, County of New Castle, and the name of the Company's registered agent at that office. is Dy. David Smith. Section 3. Duration. The duration of the Company is perpetual until dissolved in accordance with the Act. Section 4. Management. The Company shall be managed by one or more managers selected pursuant to the applicable provisions of the Company's operating agreement or, in the absence thereof, in accordance with the Act. Section 5. Purpose. The Company shall engage in such lawful and permitted business activities as may from time to time be authorized by the members of the Company in accordance with_the Company's operating agreement or, in the absence-lhexeof, in accordance with the Act. -. Executed as of the I ---day of December, 2001.. Dr. David Smith, Organizer ARTICLES OF ORGANIZATION - GRIGGSMITH INDUSTRIES, LLC 124955.2