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Home My Public Portal About032-2001- ABATEMENT - FLEET TRAILER SERVICE. FRITZ SHOEMAKER -ORDINANCE NO.32-2001 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 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: REAL ESTATE - 10 YEARS Fleet Trailer Service/ Fritz Shoemaker New Jobs: 6 Jobs Retained: 12 Estimated New Value: $250,000.00 Dated: May 16, 2001 Passed and adopted this A day o 2001, by the Common Council of the City of Richmond, Indiana. President (Karl Sharp) A City Clerk (Norm Schroeder) PRESENTED to the Mayor of the City of Richmond, Indiana, this 5 4 day o , 2001, at 9:00 a.m. p��,p City Clerk (No Schroeder) 4PR VED by me, Shelley D. Miller, Mayor of the City of Richmond, Indiana, this day o , 2001, at 9:05 a.m. Mayor (S e ey D. Miller) A City Clerk RECEIVED FOAM n STATEMENT OF BENEFITS State Form 27167 (R6 / 4-00)Form SB - 1 is prescribed by the State Board of Tax Commissioners, 1989 INSTRUCTIONS: MAY 17 mi 1. This statement must be submitted to the body designating the economic revitifization area prior to the public hearing if 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 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, 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 322 ERA / PPME and/ or 322 ERA / PPR & DE, must be filed with the county auditor. With respect to real property, Fort 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 ERA /PPME'and /or 322 ERA PPR & DE must be filed between March 1 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 fort between March i 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 of Benefits. (106-1.1-12.1-5.6) 5. The schedules established under 1C 6-1.1-12.1-4(d) and 1C 6-1.1-12.1-4.5 (a) effective July 1, 2000 apply to any statement of benefits filed on or after July 1, 2000. The schedules effective prior to July 1, 2000 shall continue to apply to those statement of benefits filed before July 1, 2000. SECTION•+ •• r Name of taxpayer Address of taxpayer (street and number, city, state and ZIP code) 7 � / 2 Name of contact person Telephone number (7�S) SECTION• + • AND DESCR IPTIOO F PROPOSED. PROJ Name of designating body Zr7'j Resorubon number /D-/9 i� /iV 1 Location of property Z County / Taxing district 9.0P Description of real property improvements and 1 or new manufacturing equipment and I or ESTIMATED research and development equipment (use additional sheets if necessary) cSy `T f /f 4'/7' /dam O G C•l/'/' Start Date Completion Date �y Real Estate k — D/ _ /.UGlG�CyP�� 9iC/ e4i4�c/S/�� New Mfg Equipment R & DE r • • + r +Ilk• -•-• r --• Current number Salaries Number retained Salaries Number additional Salaries �3,� eW / 5� ��i�i SECTIONr • • AND VALUE OF -••• r ••• NOTE: Pursuant to IC 6-1.1-12.1-5.1 (d) (2) the Real Estate Improvements Machinery Research and Development Equipment COST of the properly is confidential. Cost Assessed Value Cost Assesses! Value Cost Assessed Value Current values p " p pip Plus estimated values of proposed project Less values of any property being replaced Net estimated values upon completion of project 9 e�QVA�Q ,SECTION WASTE CONVERTED AND OTHER 13ENEFITS PROMISEDBY.THETARPAYER Estimated solid waste converted (pounds) Estimated hazardous waste converted (pounds) �/ f Other benefits:MIMI • + • I hereby certifytKat the representations in this statement are true. Signature of authorize 7pr �antive Title Date signed (month, day, year) Form SB-1A City of Richmond, Indiana Taxpayer Wage & Benefit Information Company Name and Address: 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 $ jv 2. Average hourly wage for projected new positions $ % 30 3. Average hourly health insurance benefit $ 1,97 The length of the abatement you are requesting (A 1-10 year abatement maybe requested for real estate improvements and manufacturing equip nt.) If purchasing equipment, please state the projected useful life. If purchasing equipment, please state whether the equipment is new or used. If purchasing used equipment, list the state in which it is being _ _— brought into Indiana from. 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. and Title) (Date) ® • • • Resolution No. rules 1st read Second Moved to Second Second [Engrossment I I 1 i/ 1 • I I I I I I Second 3rd rea+ Second IPassaae I✓ I !/ I✓ I v 1 ry 1 L-� 1 4--- 1 �-- I Z---1 Cate Passed COMMITTEE ASSIGNMENTS