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HomeMy Public PortalAbout012-2001- ABATEMENT - PURINA MILLS - NEW MANUFACTURING EQUIPMENORDINANCE NO. 12-2001 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 tiled 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 pursuant to Indiana law for either a three (3), six (6) or ten ( 10) year period from the assessed value, and WHEREAS, an owner of new manufacturing equipment is entitled to deductions pursuant to Indiana law for either a 5 year or 10 year period from the assessed value of new manufacturing equipment, 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 N ANUFACTURING EQUIPMENT - 10 YEARS Purina Mills, Inc. New Jobs: 0 .lobs Retained: 48 Estimated New Value: $850,000.00 Dated: March 9, 2001 Passed and adopted this day of 2001, by the Common Council of the City of Richmond, Indiana. Zf,�, President (Karl Sharp) City Clerk (No Schroeder) PRESENTED to the Mayor of the City of Richmond, Indiana, this day o , 2001, at 9:00 a.m. City Clerk (Norm Schroeder) QVED by mc, Shelley D. Miller, Mayor of the City of Richmond, Indiana, this day o , 2001, at 9:05 a.m. �Fk�ayor (Sh y D. Miller) 4ES ,City Clerk rma Schroeder) 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 ❑ No .2. Installation of new manufacturing equipment; © Yes ❑ No 3. Installation of new research and development equipment; © Yes 0 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: ( 'nature and title of authorized member) Telephone number Date signed (month, day, year) A ested 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 IC 6-1.1-12.1-4 or 4.5 S TIW rW OF' rEFrrs 3012010ES'1'3SaeeVIV(MI11-9,►Fam=.1ispm1h190A 1 YAe iseer" N a. emirs &V Cc"Re"' 11L wow" is lC e.1.1.3" INSMUCMAa 1. TM7 s�lRa�t'r1t� be sZbrrhtted a! fife bddy deaigltatfng the . mean film the applicant in King its decision about wnathK to at an eve IRS � Ars�he� if Me draft Way mCsiM nr . 10 to the designsifng body BEFORE a person installs tt►r now manufacture OM&r*sa this statement must be submit wttieR th! soes. � asetaiar a d9ellrCMZ A stet e*1I�1� , '��' TORE the �ap b �rgeet'.was. to by me appfttN arldapprover t/llydas nodrI� b17dJ; pnbr to that rgg�� Jury 1, 1987 and areas designated altar Jugs r- LuzMM �a:STA=T *6 B�NEFITS. (iC 6.1. t • t2. t� roleets planned or commrtted to a Approval of the designating body {City Caunpl• Town 8oarax CouI Council, etc.) must be obtained prior to initiaft" of the redevelopment or re or pno► to installatlon of the new manutactunng equipment, REPO) E a deduction maybe approved hab,rrrab 3. To obtain a deduction, Form 32 ERA, Real Estbe to improvement* and or Form 322 ERA / PR New Machinery, must be filed w,M me county auditor. ►1 gspect ro real property Form 322 ERA must be filed �y the later oh (1) May i0; or (?) thirty (30) days attar a nort'ca of rncraasa.rn real. ecaiveQ fn]as rrilt ep assosiQc Fops37tEl APP n,rtstbatitleddrltwwrlr�IdrfanFAlls�rtiaFltrl�s �, 1r,�a� �ega�pr�ltrtfs installed tIMeS t tfRi7gaxtartsicrt has been obtained. A person who obtains a !'ding extens� must file the form between W M rt June tI Of that year B (le c s t,1� 12 i-s s� j)"� ot�enellra rras �perae aher,�uy f Mgt W FOMKW- t a WRMIYtvsftw of taxpayer {street and number crry, stets and Contact person s+tleals ie � - r - -• nurnhor Current values Pius estimated Less values otof 1 ariff AN 1 a LUC:ATiON AND DESCRIPTION OF PROPO INIZIN MIAI, / e �. number nenls are / or new roanutaminng aquipmim to b! acquired (usa AGIMP01781 Estimated staturtg date V a)A oU5 goo 1 I2— retained I Saiaries I Number additional Value { Cast !s Vales Purina Mills, Inc. 506 N. 4th Street Richmond, IN Form SBA Year 2001 Estimated Total Cost and Valuation of Proposed Project Description Bulk Athlete Final Screening Blower for bulk system at extruder packer Update mixing automation Install controls in control room and put on HMI Stretch wrapper Heat exchangers for Jet Pro Exhaust Replacement of bins 101 and 102 Small pack scales Pellet fines system to bin 28 Bin 41 used as N. Pellet and meal combo Estimated Cost 40,000 35,000 60,000 50,000 75,000 100,000 250,000 45,000 175,000 20,000 850,000 �OL T— Form SB-IA City of Rkhmond, b xhwm Taxpayer Wage & Benefit Information Company Name and Address: 5 N iG%ors, N The information requested. on is supplement to form SB-1 must be completed anti submitted along with your SB-1 in order for your tax abatement zequest co be considered by Richmond Common Counc!L 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 errs loyees S f ' 2. Average hourly wabe for projected new positions $ 61 3. Average hourly health insurance benefit The length of the abatement you are requesting (A 3, 6 or 10 year abatement can be requested for real estate and a 5 or 10 year abatement can be requested for marnt&=.ing.) DERNMONS 1. Avemge.;howfy wage,: for existing employees. for you most recent M period please provide the average base wage per hour for all current Suit time, non -supervisory employees. Do not include the following groups: A. part time employees; B. rnana?ement, supervisors, foremen, or any other supervisory personnel; C. owners, stockholders, or partners if they own 2176 or more of the bumess, and Lbw 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: PIease provide the cur mt eorrtpany paid health insamnce benefits provided zo howiy employees tar defined above) and family Fe. Please present in the form of an hourly rate computed using the annual " ib employee divided by 2080 hours. ; (Authorized :Signature and Title) (fit) FEB 04 '00 14=28 17659837212 PAGE.04 DISPOSITION OF ORDINANCE NO. - 200 RESOLUTION NO. BY COMMON COUNCIL Ordinance No. 141_ - 2000 Elstro Lundv Wissel Sharp Welch I Parker Combs Dickman Hutton Resolution No. Date Suspend rules Ist Second i Moved to Second Second rossment 3rd reac Second IPassaae 1 f/ 1 —�- 1 l/ 1 --- I &--C vl' t. -- I &-ri Date Passed r COMMITTEE ASSIGNMENTS Committee Date _�