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Home My Public Portal About036-2001- ABATEMENT - B & F PLASTICS - NEW MANUFACTORING EQUIPMORDINANCE NO.36-2001 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 fled 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 MANUFACTURING EQUIPMENT - 10 YEARS B & F Plastics, Inc. New Jobs: 2 Jobs Retained: 42 Estimated New Value: $119,000.00 Dated: May 29, 2001 Passed and adopted this ZL day o 2001, by the Common Council of the City of Richmond, Indiana. � Z7 , "e�l President (Kar Sharp) A (� CL City Clerk (Norm chroeder) PRESENTED to the Mayor of the City of Richmond, Indiana, this day of , 2001, at 9:00 a.m. Qe-'—'City Clerk 4(No76aSchroeder) P OV by me, Shelley D. Miller, Mayor of the City of Richmond, Indiana, this day o , 2001, at 9:05 a.m. XA�Mayor l (Shel D. Miller) A E kKAA-,C& ity Clerk (No a Schroeder) n4 STATEMENT OF BENEFITS RECEi VED FORM State Form 27167 (R614-00) Form SS -1 is prescribed by the State Board of Tax Commissioners, 1989 MAY ZOO A 10-YEAR ABATEMENT IS BEING REQUESTED. INSTRUCTIONS: 1. This statement must be submitted to the body designating the economic revidlizadon 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 I or research and development equipment, or BEFORE the redevelopment orrehabilitation 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 6-1.1-121) 2. Approval of the designating body (City Council, Town Board, County Council, etc.) must be obtained prior to Inflation of the redevelopment or rehabilitation, or prior to installation of the new manufacturing equipment and 1 or research and development equipment, BEFORE a deduction may be approved. 3. To obtain a deduction, Form 322 ERA, Real Estate Improvements and 1 or Form 322 ERA 1 PPME and 1 or 322 ERA 1 PPR & DE, must be Ned with the county auditor. With respect to real propar4ty Form 322 ERA must be filed by the laterof. (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 I PPME and I or 322 ERA PPR & DE must be Mad between March 1 and May 15 of the assessment year in which new manufacturing equipment and l or research and development equipment becomes assessable, unless a filing extension has been obtained. A person who obtains a filing extension must rile the form 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 ofBenefrts. (IC6-1.1-12.1-56) 5. The schedules established under IC &I.1-12.1-4(d) and IC 8-1.1-12.1-4.5 (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. oftaxpayer B & F Plastics, Inc. jAddress of taxpayer state and ZIP code) 540 North 8th Street, Richmond, IN 47374 Name of contact person Telephone number Melanie Bertsch (765) 962-6125 SECTION 2 LOCATION AND DESCRIPTION OF PROPOSED PROJECT Name of designating body Resdulion number Common Council of the City of Richmond Indiana 10-1984. 11-1991 Location of property County I Taxing district 540 North 8th Street Richmond Indiana Wa ne Richmond Corp Description of real property improvements and I or new manufacturing equipment and I or ESTIMATED research and development equipment (use additional sheets if necessary) Start Date Completion Data Real Estate 1 Weckenmann Grinder WG53-100 1 Weckenmann Grinder WG53-100 i New Mfg Equipment 7 1 01 7 15 01 R&DE SECTION 3 ESTIMATE OF EMPLOYEES • SALARIES AS RESULT OF PROPOSED PROJECT Current number Salaries Number retained Salaries Number additional Salaries 42 1 600,000 1 42 1 600,000 1 2 50,000 SECTION 4 ESTIMATED NOTE: Pursuant to IC 6.1.1-12.1-5.1 (d) (2) the COST of the prVperty Is confidential. TOTAL COST AND VALUE OF PROPOSED Real Estate Improvements PROJECT Machinsry iResearch and Development E ui merit Cost Assessed Value Cost Assessed Value Cost Assessed Value Current values Plus estimated values of proposed project 119,000 39,668 Less values of any property being replaced Net estimated values upon completion of project 119 0 )0 39,668 SECTION 5 WASTE CONVERTED AND• • • BY THE TAXPAYER Estimated solid waste converted (pounds) Other benefits: Estimated hazardous waste converted (pounds) I hereby certify that the representations in this statement are true. Signature of seat r¢ed representative n�� 1J /� vL�f�l Title r Data signed (,month, day, year) �5/ r/ o t We have reviewed our prior actions relating to the designation of this economic revitalization area and tend 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: I. Redevelopment or rehabilitation of real estate improvements; ❑ Yes ❑ N o 2. Installation of new manufacturing equipment; ❑ Yes ❑ No 3. Installation of new research and development equipment; ❑ Yes ❑ N o 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 $ value of $ cost with an assessed 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. and title of autha ized member) I Telephone number I Date signed (month. day. -aZ o A estad by: Designated body ' Ahe designating body limits the time period during which an area is an economic revitalzation area, it does not limit the length of time j 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 Thursday, May 31. 2001 423 PM To TONY FOSTER From MFLANIF BERTSCH 7651962-7170 MfAY-31-01 16=SB F120M-tiISY OF RICNHOND FINANCE ID=] 7G5 �1R3 7'7.]2 Page: 2 of 2 PAGE 2/2 Form SB-lA City of Richmond, bidiana Taxpayer Wage & Benefit WQrmatxom COMpamy Name and Address: The information requested on this supplement to form SE_ 1 mun,be completed and submitted alongWith your SB-I in order for your tax abatement request to be considered by Richmond CoMMn Council. Please m3m your Mcords and calculations used to arrive at Lbe information requested on this fox-rm It is subject to review as a part of our moftirozing Process. I - Average hourly wage for existing employees $ I . U G 2- Average hourly wan for projected new positions $ J Q , 0o 3. Average hourly health kwrrance benettt . C) C) The length of the ahatemeat you are requesting 1 0 L a (.A 1-l0 ymrabale,,w= may be requested for real <sWe imgrovemem and manufucruring cgrdpm ,} If purchasing ePipnnent, please state the projected useful life. V " f� If Purchasing eguipraent, please state whether the egoipr] = is new or used. If gurChasing used equipment, list the state in which it is being brought into Indiana from N DBFINfTf4NS 1- Average homely wage for existing employ=. for your roost recent pay period please provide the average base wago per hour fbr all current full time, eon -supervisory employees. Do not include rise following Groups; A. pan time ernployee5; B- n�tr+aSemrnt, sgpervisars, fOs�u, or Guy ot!>g suP�s�'Y ppsso�drxel; C. owners, swckholders, of panrtms if rhey own 2% or More of the buses, and their family members_ 2- A,vcrage hourly Wage for projected new positions: Use the same definition of employees to be included as m ilumber one above. 3. Average hourly health insurance benefit; Pleme provide the cu=t company paid health insurance benefits proAdod to hourly employees (as dammed above) and family members. Please present in the font of an by rly rare wwputed using the annual cost per eligible eWloyee divided by 2080 hours- (Authorized. Signature and Title) --� — (Daw) -'.�1...0 RESJLL:ION •':0. I0-1984 Page 3 of the Southaase Quarter of Section 8 and the centeriine of South "Q" Street. cc the extension of the centerline of South 5th Street; thence northerly along the centerline of South Sth Street to the centerline of South "I" Street: thence westerly along the centerline of South "I" Street cc the centerline of Liberty Avenue: chance northeasterly along the centerline of Liberty Avenue cc the centeriine of Souch 5th Street: thence northerly along the center- line of South 5th Street ca the centerline of South "C" Streec: thence westerly al g the centerline of South "C" Street cc the cenceriine intersection of the ghitevatar River; thence northerly along the cencerline of che White- wacer River cc the place of beginning. AREA 5 Beginning at the intersection of the eastward right-of-wav line of United States Highway Number 27 with the north Line of the Northeast Quarter of said Section 17. said point be- ing 217.40 fare north 89 degrees. 35 minuces. and 50 seconds vest of the northeast corner of said Northeast Quarter. said beginning paint also being Ott the south Corporation line of the City of Richmond. radtana and running thence, from said beginning point. continuing north 89 degrees 35 minutes. and 50 seconds wage. along the north line of said Northeast Quarter. (assumtng chat the east line of said Northeast. Quarter tuns north 0 degrees. 00 minutes, and 00 seconds east). along the souen Corporation line of said City, 132.67 feet to the westwardly right-cf-wav line of said United States Highwav: thence southwesruardly. Along a 5720.38 foot radius curve to the right in said right-of- way. whose chord bears south 16 degrees. 56 minuces. and LO seconds west. a chord distance of 993.85 feet. and whose arc measures 995.10 face. .slang the eastward Corporation line df said City. tC A point: thence south 85 degrees. 29 minuces. and 10 seconds welt. along the southward Corpora- tion line of sold MY. 910.71 feet: chence south 66 degrees. L5 winuces. and 30 seconds was[. along laid Corporation line. 285._1 feec: thence south 9 degrees. 40 minuces. and 40 seconds eaac. along laid Corporation 11ne. 708.52 feec: thence south 89 degrees. 40 minutes. And 40 seconds esst :04.00 feet. chence north 0 degrees. 00 minuces, and 00 seconds ease 54.67 feet: thence north 89 degrees. 51 min- uces. and 00 seconds cast WAS :eat to a potnt on the east- ward right-of"su line of said United Stages Highway ytmooer :7. thence along said e■seuard right -v(-w■r line. the fallow~ ing courses and distances: thence northeastwardly. along A 5900,58 foot radius curve cc the left. and whose chord bears north :7 degrees. 44 minuces. and 15 seconds east. a chord distance of L07.03 feet. and whose arc measures 10.03 feet: thence north 16 degrees. 44. minuces. And 31D seconds east 327.58 feec: thence northesacwardly. along A 5340.38 toot radius curve cc the left whose chord bears north :0 degree'. 3a minuces. and 37 seconds east. a chord distance of feec. and being in arc measurement st 11:3.:: feet: .hence north :0 degrees. 09 cinuccs. and .0 seconds eaac '01.bl feet: thence along a M0.513 foot radius curve to the left whole chord bears north 1: degrees. 53 minutes. and 5". sec- onas east. a chord Jisc3nce of ::3.65 feet. and being in arc distance of ::8.56 feet :D the visce of beginning. concalntnc an irra of ::.916 acres. Af vhtc-9 area 5.:07 acres are :n :" e rxg't-oj—ar of said �:nlred S13trs 'i16huav 4taber AFLk °rt :.� •-L 1C ':T ..7u [.`vas: .�f'rr .- - �:1 SRC "e-.c�rscr - -.^.once -C':�fr. .•_nC DISPOSITION OF ORDINANCE NO. _ 2001 RESOLUTION NO. BY COMMON COUNCIL Ordinance No. - 200,1 Elstro Lundy Wissel Sharp Welch Parker Combs Dickman Hutton Resolution No. Date - Second 3rd rea( Second I Passaae 1 6--� 1 atl-�t . 1 I C—l" --I t--� -- I --I — I Date Passed T �—o I COMMITTEE ASSIGNMENTS Committee Date