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Home My Public Portal About2008-9RESOLUTION NO. 2008 - 9 A RESOLUTION AFFIRMING CHIYODA USA CORPORATION (2007 Expansion) OF COMPLIANCE WITH STATEMENTS OF BENEFITS WHEREAS, Chiyoda USA Corporation has heretofore been granted certain tax abatements in consideration of certain benefits for the City of Greencastle; and, WHEREAS, said company has submitted form CF -IIPP as of May 29, 2008 for tax abatement granted in 2007; and WHEREAS, the Greencastle Common Council has reviewed the CF -l/PP form, a copy of which is attached hereto, and has found compliance with the Statements of Benefits as approved by the Greencastle Common Council; NOW THEREFORE BE IT RESOLVED that the Common Council of the City of Greencastle, Putnam County, Indiana, approves the CF -1/PP form as submitted as being in compliance with the Statements of Benefits previously filed by Chiyoda USA Corporation. BE IT FURTHER RESOLVED that this Resolution of the Greencastle Common Council be made a record and filed along with the CF -1/PP form with the Putnam County Auditor. 0 PASSED by the Common Council of the City of Greencastle at its regular meeting this 8th day of July, 2008. COMMON COUNCIL OF THE CITY OF GREENCA Jinslie S. Bingham Adam ohen /V,z /Z A4,, - Marc N. Ha/� ohn A. Lanie Terry J. L" Approved and signed by me this 8th day of July, 2008 at , lam p.m. o'clock. ATTEST: � // T Teresa Glenn, Clerk- Treasurer FN Susan V. Murray, Mayor, COMPLIANCE WITH STATEMENT OF BENEFITS FORM CF -1 ! PP PERSONAL PROPERTY State Form 51765 (R 1 1 -06) • Prescribed by the Department of Loral Government Finance INSTRUCTIONS. 1. Properly owners whose Statement or Benefits was approved must file this form with the local Designating Body to show the extent to which there has been compliance with the Statement of Benefits. (IC 2. This form must be filed with the Form 103 -ERA Schedule of Deduction from Assessed Value between March 1, and May 15, of each year, unless a filing extension under IC 6- 1.1-3.7 has been granted. A person who obtains a filing extension must file between March 1, and the extended due date of each year. 3. With the approval of the designating body, compliance information for multiple projects may be consolidated on one (1) compliance (CF -1). F — L so SECTION 1 TAXPAYER INFORMATION Name of laepays CHIYODA USA CORPORATION Address of to payer (number and sheet, city, state, antl LP coda) 2200 SR 240 EAST, P.O. BOX 494, GREENCASTLE, IN 46135 Name at comae persca PAM DEAN Telephone number 765 653 -9098 SECTION 2 LOCATION AND DESCRIPTION OF PROPERTY Name of designetmg body GREENCASTLE COMMON COUNCIL Resolution number 2006 -30 AND 2007 -1 Location of Property 2200 SR 240 EAST, P.O. BOX 494, GREENCASTLE Cwnty PUTNAM DLGF taxing dialect number 67008 Description at new manufacturing equipment, or new Meeamd and deeelopment equipment, or new Information tecnndogy equipment, or new egistiol diShbobW equipment to be acquired. 1800 TON INJECTION MOLDING MACHINE Estimated stanng date (month, day, year) 12/15/06 Estimated completion date(ai day, yea) 4/30/07 SECTION 3 EMPLOYEES AND SALARIES EMPLOYEES AND SALARIES AS ESTIMATED ON SB-1 ACTUAL Current number of employees 150 alaries 4 Number of employees retained 129 Salaries 4, 087, 425 Number of additional employees - 21 Salaries 665 , 395 SECTION 4 COST AND VALUES MAEQUIPMENTINO R & D EQUIPMENT EQUIPMENT IT EQUIPMENT AS ESTIMATED ON SB-1 COST ASSESSED VALUE COST ASSESSED VALUE COST ASSESSED VALUE COST ASSESSED VALUE Values before project Plus: Values of proposed project 1 1 , Soo, 000 Less: Values of any property being replaced Net values upon completion of project L, 500, Oo0 ACTUAL COST ASSESSED VALUE COST ASSESSED VALUE COST ASSESSED VALUE C COST ASSESSED VALUE Values before project Plus: Values of proposed project 960, 089 548, 850 Less: Values of any property being replaced Net values upon completion of project 980,0891 548,850 NOTE: The COST of the property is confidential pursuant to IC 6 -1.1- 12.1 -5.6 (d). SECTION 5 WASTE CONVERTED AND OTHER BENEFITS PROMISED BY THE TAXPAYER WASTE CONVERTED AND OTHER BENEFITS AS ESTIMATED ON SB -1 ACTUAL Amount of solid waste converted Amount of hazardous waste converted Other benefits: SECTION 6 TAXPAYER CERTIFICATION I hereby certify that the representations in this statement are true. Signature at aulhorized representative J / � Title I�j�rtie VtCe �resic�e T Date signed (month, day, yea) ' ' 27 200- W1741 1.000 G TRUCT IONS: (IC6- 1.1.125.9) 1. This page does not apply to a Statement of Benefits filed before July 1, 1991; that deduction may not be terminated for a failure to comply with the Statement of Benefits. 2. Within forty -five (45) days after receipt of this form, the designating body may determine whether or not the property owner has substantially complied with the Statement of Benefits. 3. if the property owneris found NOT to be in substantial compliance, the designating body shall send the property owner written notice. The notice must include the reasons for the determination and the date, time and place of a heating to be conducted by the designating body. If a notice is mailed to a property owner, a copy of the written notice will be sent to the Township Assessor and the County Auditor. 4. Based on the information presented at the hearing, the designating body shalt determine whether or not the property owner has made reasonable effort to substantially comply with the Statement of Benefits. 5. ff the designating body determines that the property owner has NOT made reasonable effort to comply, then the designating body shall adopt a resolution terminating the deduction. The designating body shall immediately mail a certified copy of the resolution to: (1) the pmpery owner, (2) the County Auditor; and (3) the Township Assessor. L L ✓ We have reviewed the CF -1 and find that: ❑✓ the property owner IS in substantial compliance ❑ the property owner IS NOT in substantial compliance ❑ other (specify) Reasons for the determination (attach additional sheets if necessary) Signature of authorized member Dale signed (month, day, yea, Susan V. Murray, Mayor �� , 07/08/2008 Attested by / Designating body Teresa P. Glenn, Clerk -Treas ( L� Greencas Comm Council CF -1 /PP If the property owner is found not to be in substantial compliance, the property owner shaAeceive the op nudity for a hearing. The following date and time has been set aside for the purpose of considering compliance. - Time of hearing ❑ AM Date of heating (month, day, year) Location of hearing ❑ PM HEARING RESULTS (to be completed after fire hearing) ❑ Approved ❑ Denied (see instruction 5 above) Reasons for the determination (attach additional sheets if necessary) Signature of authorized member Date signed (month, day, year) Attested by: Designating body APPEAL RIGHTS [IC 6- 1.1- 12.15.9(e)] property owner whose deduction is denied by the designating body may appeal the designating body's decision by filing a complaint in the office of the ' A Circuit or Superior Court together with a bond conditioned to pay the costs of the appeal if the appeal is determined against the property owner. Chiyoda USA Corp oration I - Form 103 -EL and F orm CF4 / PP Attachment EIN: 2 0- 2873811 3/1/2008 Abated Equipment List 3/112005 - 3/1/2006 Asset number Installation date Description Cost Pool line number Equipment - Ha ppico Ca rryover 3 8/22/2005 501 1300 ton Injection Mold Machine $ 1,803 2 Resolution Number 2001 -5 30 8/22/2005 503 550 ton Inection Mold Machine $ 7,205 2 and 2001.8 31 8/22/2005 504 500 ton Injection Mold Machine $ 22,365 2 Length of Abatement: 10 Years 32 8/22/2005 505 150 ton Injection Mold Machine $ 548 2 33 8/22/2005 506a 220 ton Injection Mold Machine $ 18,372 2 34 8/22/2005 506b 220 ton Injection Mold Machine $ 18,372 2 35 8/22/2005 507a 220 ton Injection Mold Machine $ 18,797 2 36 8/22/2005 507b 220 ton Injection Mold Machine $ 18,372 2 37 8/22/2005 508a 250 ton Injection Mold Machine $ 7,151. 2 _ 38 8/22/2005 508b 250 ton Mold Machine $ 5,538 2 39 8/22/2005 509 1000 ton _Injection Injection Mold Machine $ 61,771 2 40 8/22/2005 Osam 531 Paint Booth -Robot $ 258,304 2 41 8/22/2005 Osame 532 Paint Booth -Robot $ 23,230 2 42 8/22/2005 Hi -Tech 536 Paint Line -Hand Spray $ 247,636 2 43 8/22/2005 Hi -Tech 537 Paint Line -Hand Spray $ 101,609 2 44 8/22/2005 Hi -Tech 538 Paint Line -Hand Spray $ 13,845 2 45 8/22/2005 Hi -Tech 539 Paint Line -Hand S ra $ 5,361 2 46 8/22/2005 Asahi 540 Paint Booth -Robot $ 169,721 2 62 8/2212005 CAT EP20KT forklift w/ battery Forktruck $ 29,600 2 63J 8/22/2005 CAT EP20KT forklift battery Forktruck $ 29,600 2 641 8122/2005 CAT EP20KT forklift w/ battery Forktruck $ 29,600 2 65 8/22/2005 CAT NPP40 forklih w/ battery Forktruck $ 4,800 2 66 _ 8/22/2005 CAT NPP40 forklift w/ battery _ Forktruck $ 4,800 2 67 8/22/2005 CAT NPP45 forklift w/ battery Forktru $ 36,600 2 68 8/22/2005 CAT P5000 -LP forklift _ Fork $ 25 2 _ _ Total _ _ $ 1,160,100 _ Note: All assets LISTED ABOVE relate to C_h_iyoda's purchase of Happico's assets transferred to Chiyoda on 8_/2 Asset number _ 107 _ Description . _ 3/112006 - 3/1/2007 Equi Installation date _ Cost $ 874,179 Pool line number 2 2/112007 1800 Ton Injectio Mold Ma Resolution Number 2006 -30 108 2 /1/2007 Robot for 1800 Ton Injection Mold Machine Total 2007 Abated Equipment T $ 105,910 2 and 2007 -1 $ 980,089 Len gth of Abatement: 10 Years V l 0 Corbett, Duncan & Hubly Pc April 22, 2008 Ms. Wanda O'Neal Greencastle Township Assessor 1 W. Washington St., Room 11 Greencastle, IN 46135 RE: Chiyoda USA Corporation FEIN: 20- 28738 Form: Indiana Personal Property Tax Return Report;, ooriod: t,A ar,h t onnR Dear Ms. O'Neal: Chiyoda USA Corporation requests an extension of time to file the Indiana Business Tangible Personal Property tax return for the reporting period March 1,2008, as all of the information to complete the necessary forms is not yet available. The forms requested for extension include, but are not limited to: • • Form 104 • Form 103 and related forms, if applicable • Form 103 -ERA, 103 -EL, CF -1 /PP and SB1 for abatement related filings We thank you for your prompt attention to this matter. If you have any questions, please contact me at (630)285 -0215. Sincerely, CORBETT, DUNCAN & HUBLY, P.C. RECEIVED �(,�✓�,� J �C.'Lt,vtt� Laura Norlin. CPA APR 2 9 2008 Greencastle Twp Assessor LN:ln c: Pam Dean lur-Ai r CPAs & Consultants 100 P,e-cc Road 6 235 -0215 �N tdsca,!LU014: vP.v'.¢CGhGna.lC!➢