Loading...
HomeMy Public PortalAbout105-2002-Abatement - BEACH AUTOMOTIVE SERVICE - REAL ESTATE (2)AMENDED ORDINANCE NO.105-2002 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 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 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 performed; 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 - 5 YEARS Beach Automotive Service, Inc. New Jobs: 1 Jobs Retained: 2 Estimated New Value: $58,000.00 Dated: November 27, 2002 Passed and adopted this 1 1� "- day of 2003 b the Common Council of the City of Y tY Richmond, Indiana. President inV416 h ATT City Clerk Norma chroeder PRESENTED to the Mayor of the City of Richmond, Indiana, this A --day o 2003 at 9:00 a.m. "-ity Clerk Norma Schroeder ROVED by me, Shelley D. Miller, Mayor of the City of Richmond, Indiana, this day of 2003 at 9:05 a.m. l She D. Miller ATTE T: City Clerk e} Norma chroeder STATEMENT OF BENEFITS State Form 27167 (R614.00) Form SB -1 is presciibad by the State Board of Tax Commissioners,1989 eau RECEIVED NOY 2 7 INSTRUCTIONS: I. This statement must be submitted to the body designating the economic revitifizatlon area prior to the public hearing If the designating body requires infor- matlon 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, 1987require 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 322 ERA /PPMEand/or322 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 ERR/PPMEand /or 322 ERA PPR & DE must be flied between March i 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 f 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 Statement ofBeneNts. (IC6-1.1-12.1.56) . 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 tiled on or after July 1, 2000. The schedules effective prior to July 1, 2000 shall continue to apply • to those statement of benefits filed bafnra mtv i onnn Name of taxpayer rJ 16;� � � G�/ e- .� "P, Address of taxpayer (street and number, city, state and ZIP code) 74 Name of con ct person Telephone number MUM Name of des! acing body P Resolution number d e Location of property Coun . Taxingf istrict Li IE MA r di fiWt We* l?/ L��G�f r. escripi[on of real grope improvements and l or ew manufacturing equipment and l or ESTIMATED research and development equipment (use additional sheets if necessary) StartDate Completion Date f�iI BC D + (i�'V f "t1 o/t1 C:�,Jr\ .� Real Estate j CSc� �r C� I�t X l7 New Mfg Equipment R & DE r_ • • , ,. , Current number j Salarles %�rj IV-7 Number retained Salades � Number additional Salaries g �� Z a;//- f/� �+. C� C f / p �. D K rJ�ON7� • a a • , • ■ • -s-• s •n NOTE: Pursuant to IC 6-1.1-12.1-5.1 (d) (2) the Real Estate Improvements Machinery Research and Development E ui meat COST of the _e ro is confidential. property Cost Assessed Value Cost Assessed Value Cost Assessed Value Currentvalues Plus estimated values of proposed project Dp Less values of any property being replaced --- Net estimated values upon completion of project oeo Estimated solid waste converted (pounds) Estimated hazardous waste converted'(pounds) Other benefits: a • - "Mlm• I hardbygertify tKat the representations in this statement are true. Signature of autrepresentative title Date signed (month, day, year) .... - za�It .. v1- / Z J 'Pe 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 5-1.1-12.1-2.5, 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 ❑ No 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 $ B. 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; (slg t and title of autho zed er) Telephone number Date signed (month, day, year) O�3 A ested by: Designated body (al LA * if t e designating body Ilmits 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-IB - 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 . 10 (A 1-10 year abatement may be requested - Up to 5 years for 1"floor renovations and up to 10 years for upper floor renovation and/or exterior improvements). 2. Are the real estate improvements _ new construction rehabilitation Yexpansion — other (if other, please describe) 3. Will the improvements involve a first floor A yes _ no 4. Will the improvements involve upper floors or basements _ __. yes x no 5. Will the improvements involve the exterior of the structure � yes T no 6. Attach a brief description of the type of teal 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 1', Vd, Yd, etc. floor renovations,. ,pxterior improvements and any other applicable information. 7. Average hourly wage for existing employees $ 8. 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 trot 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 position§: Use the same definition of employees to be included as in number one above. 3. Average hourly health insurance beneft 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 annual co per Vble yee divided by 2080 hours. and Title Date Ordinance No. — Resolution No. . - . - . - - -. Engrossment Rejection ��rsr■■�■■��i�� Date Passed a /,p COMMITTEE ASSIGNMENTS Committee Date