HomeMy Public PortalAbout045-2003-aabtement - ALL COAST LOGISTICS & WAREHOUSING - REAL EORDINANCE NO.45-2003
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 Iess 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
All Coast Logistics and Warehousing, Inc.
New Jobs: 30
Jobs Retained: 172
Estimated New Value: $350,000.00
Dated: June 13, 2003
Passed and adopted this l day o 2003 by the Common Council of the City
of Richmond, Indiana.
r
6'// President
Bing elc
A , City Clerk
4 Norm chroeder
PRESENTED to the Mayor of the City of Richmond, Indiana, this U day of ,
2003 at 9:00 a.m.
_ City Clerk
Norma Schroeder
APPROVED by me, Shelley D. Miller, Mayor of the City of Richmond, Indiana, this � ay
of , 2003 at 9:05 a.m.
Mayor
Shelly . Miller
A , City Clerk
No chroeder
0tAIM'VJMNi ur c]C1VCi"11,3
State Form 27167 (R614-00)
A ' Form 5B - 1 is prescribed by the State Board of Tax Commissioners, 1989
INSTRUCTIONS:
FORM
SB^�
1. This statement must be submitted to the body designating the economic revitiliration area prior to the public hearing ff 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 submitte.
to the designating body BEFORE a person installs the new manufacturing equipment and / or research and development equipment, or BEFORE th,
redevelopment or rehabilitation of real property for which the person wishes to claim a deduction. 'Projects' planned or committed to after July 1, 1987 an;
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 Estate Improvements and/or Form 322ERA /PPMEand/or322 ERA/PPR & DE mustbe filed with the coup-
auditor. Witt, (aspect to real property, Form 322 ERA must be filed by the later of; (1) May 10; or (2) thirty (30) days aftera notice of increase in real proper.
assessment is received from the township assessor. Form 322 ERA/PPME and /or 322 ERA PPR & DE must be filed between March i and May 15 of tr:
assessment year in which new manufacR-r Ong equipment and / or research and development equipment becomes assessable, unless a filing extension hG.
been obtained. A person who obtains a filing extension must Me the form between March i and June 14 of that year.
4. Properey owners whose Statement of Benefits was approved after June 30, 1991 must submit Form CF- 1 annually to show compliance with the Stateme:
of Benefits. (IC
5. The schedules established under IC 6-1.1-12.1-4(d) and 10 6-1.1-12.1.4.5 (a) effective July 1, 2000 apply to any statement of benefits filed on or afte.
July 1, 2000.
The schedules effective prior to July 1, 2000 shall continue to apply to those statement of benefits flied before July 1, 2000
Name of taxpayer
All Coast Logistics
Address of taxpayer (street and number, city, state and ZIP code)
1751 Sheridan Street, Richmond, IN 47374
Name of contact person
Telephone number
Debbie Glisson
( )
• . 02 r1 *:QH.'i I U 0 (OIL,a •.•• r •.
Name of designating 'body
Resolution number
Common Council of the City of Richmond, IN
10-1984 11-1991
Location of property
I
County
Tatting district
1751 Sheridan Street Richmond IN
Wa ne
Richmond Co
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 pate
Real Estate
06-16-03
09-30-03
New Mfg Equipment
R&DE
r44A. -• .
Current number salaries Number retained Salaries Number additional Salaries
172 $22-$55,000.00 172 22- 55 000. 0 30 22-
tell • r •
• • r - .
NOTE: Pursuant to IC 6 1.1 12.1 5.1 (d) (2} the
Rea' Estate Improvements
Machinery
Research gand
uipmentDevelopment
COST of the properly is confidential.
Cost
Assessed Value
Cost
Assessed Value
Cost
Assessed Value
Current values
Plus estimated values of proposed project
350 000
Less values of any property being replaced
Net estimated values upon completion of project
• . • • r
Estimated solid waste convened (pounds) 36-40 tons Ve_r Estimated hazardous waste converted (pounds) A
month
Other benefits:
Wilil"AW9E
l hereby certify that the representations in t 's tatement are true.
Signature of authorized representat
Date signed (month, day, year)
u
We have reviewed our prior actions relating to the designation of this economic revitalization area and find that the applicant meets the
general standards adapted 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 ❑ 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.
Approved: (signatur d U.Ne of author! ad mb r)
Telephone number
Date signed (month, day, year)
ested by:
Designated body
* If the designating body limits the time period during which an area is an economic revitalization area, it does not limit the length of time
a taxpayer its entitled to receive a deduction to a number of years designated under IC 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 subject to review as a part of our monitoring process.
1. Average hourly wage for existing employees
$ 10.50
2. Average hourly wage for projected new positions $ 10.50
3, Average hourly health insurance benefit
$ 3.89
1. The length of the abatement you are requesting 10
(A 1,10 year abatement may be requested for real estate improvements 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 Tndiana from if purchasing used
equipment
• the cost of each piece of equipment
3. if maidng 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
form of an hourly rate computed using the annual cost per eligible employee divided by 2080 hours.
-� -fl'5
All Coast Logistics &
Warehousing Inc.
1751 Sheridan Street Richmond, IN 47374
Phone (765) 966-6237 Fax (765) 935-1334
• Renovating and adding new dock doors, dolly pads,
aprons.
• Building warehouse office and break room in
150,000 sf warehouse being used for warehousing
and distribution operations_
• Renovate to add approx. 5,000 sf of office area
to house warehouse manager, customer service
personnel and logistics team.