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HomeMy Public PortalAbout013-2001- ABATEMENT - PURINA MILLS - NEW MANUFACTURING EQUIPMENORDINANCE NO. 13-2001 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 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 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 Iaw 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 MANUFACTURING EQUIPMENT - 10 YEARS Purina Mills, Inc. New .lobs: 0 .lobs Retained: 5 Estimated New Value: $135,000.00 Dated: March 9, 2001 Passed and adopted this day of 2001, by the Common Council of the City of Richmond, Indiana. President (Karl Sharp) A ES City Clerk (No Schroeder) PRESENTED to the Mayor of the City of Richmond, Indiana, this day o , 2001, at 9:00 a.m. 6��u r %2� City Clerk (Nofrna Schroeder) OVED by me, Shelley D. Miller, Mayor of the City of Richmond, Indiana, this day 2001, at 9:05 a.m. yor (Shell . Miller) Clerk 3 TOF" WITS FORS s4ta eonrr mrf (list „-8,, 59.1 � �an,r ss ., . asabw� a a,. smr Sara a ra*z eane�e.en.r� , � �•�rs�n,b.,.r+ra�.car�aoen�r.ae�o.+�ak�m � �.,.�� - INSTAUC7t;pyy�e�. f m rnrrst br stlbrrriaed tv body► 9 bti,r eaor,orrrle ►svMaatrarr ass prior to era publl0 boa" N the�;gn" may, , ,m to the d APOksnt in making its de�as/on about whefher 10 designate an Economic Revitiliratron Ares Othanv se this statement must be esgn&trng body REMRE a person installs the new manta ++midrttttparson,wasl>ris tsMrtde+q�r�iers A statarrriaet �'n�l4+r+F�ent or 9tFFORE era Submit awnwraM�,s rae►aMwilt Jam' Wasp►arrrrerJ'aby tM ayptieaM, afrd apArvved�t �s�ggm�dng _bt7df. pro► to that data. f'ry acts' Planned 4r COmm July t, 1987 and areas desigrraled aftor Jafy i,. I"raa�t ,9 TA T OF $EN % (IC 6-• r. f • f 2 t) 2. Approval of the designating body (City Council, TawmBoanx Coumrnyy Cou,tl, eta) must be obtained prior to iniji8ftn of me redevekWment Or, Or pnor to installation of the now manufaMfIng equipment, BEFOAEa deduction may be approved 3. ro obtain a deduction, Form 322 ERA, Real Estate Impravemerm and / or Form 322 ERA / PP, New Machinery, must be filed with the county auditor. A respect to real property Form 322 ERA must be filed by the later of ! t) May 10; or (2) thirty (30) days after a notice of Increasa fn real snr. is recaiva4 trpnr tlte�ttrp atSaiiO[i FOA>< i Ri�fiba111rIalrBteR�r t irMhAay~ fgd e!! N^��fs instilt#4 unless•r IAA,q'axtertsion has beer! obtained A person who obtains a filing eartens oet must file me farm between N T June t a of that year een (law�na8rs ti t' pit-5.ssl�rt)ierrrer,rd .wfaaXtevvdajW t fs�gr rrtaretst r#rFanrrcF- 1 arr,e, ►tbsfrow Name Nall at of taxpayer (street and number, city, stab and Z!P cads) 144 . �40'n ! lR& u -Yl 3 r Contact per5OR r-- nn Telephone number �4 - t -4l11 f -7/w i1 S� e c-1v�- Res°k'bOrr number =W rZI3tle)l Value Cost Assessed Vekre Less vaiuss of any props"V ' replaced Net esm,ss¢sd,ratus= Ot :a Q_ 6 D 0 O. O © el I J,, 9. /i V MAR 19 2001 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 ❑ N o 3. Installation of new research and development equipment; ❑ Yes ❑ No 4. Residentially distressed areas ❑ Yes ❑ No 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: (gnature and title of authorized member) Telephone number D/at� signed (month, day, year) O r nested by: Designated body 6Jv.1v�D� * If the desig acing 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 Purina Mills, Inc. 1050 Progress Drive Richmond, IN Form SB-1 Year 2001 Estimated Total Cost and Valuation of Proposed Project Estimated Description Cost Drum Hoist for 500# mixer 6,000 Floor scale with dump tote stainless steel 6,000 Grinding room 18,000 Walk in cooler and cooler room 33,000 Production office 18,000 Hobart mixer and accessories Replacement 15,000 Stretch wrap machine 9,000 Pelleting Conditioning system 30,000 135,000 _ y VED MAR 19 2001 Form SB-LA City of lkdt*nd, hWrzana Taxpayer Wage & Benefit Wormation fron4my Name and Address: I5() progress /)/' k i Ch rnmcL j5��l The informatiort requested on this supplement to form SB-1 rnust be completed. and submitted along with your SB-1 in arder for your tax abaatement request to be considered by Richmond Corzmyon 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 emplc yet* $ a 2. Average hourly wage for projected new positions $ 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 S or 10 year abatement can be requested for manufacturing.) DEMITIONS 1. kvera-,we,hotniy wage.%r e4sdn employe-- r foryour"Im recent Fayperiad Pi provide the ave%ne 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.rhek Amily s. 2. Average hourly wage for projected new positions: Use the same definit' ion of employees to be included as in number one above. 3. Average howdy health insurance benefit: Please provide the current company paid health insurance benefits provided to b rly emmplayees (as defined above) and family members. Please present in the form of an hourly rate computed using the annual c_ per eli 'be mployee divided by 2080 hours. , (Authorized Signature and Title) (' } FEB 04 '00 14:28 17659837212 PAGE-04 Date Passed COMMITTEE ASSIGNMENTS �- Committee Date �