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Home My Public Portal About045-2001- ABATEMENT - MANN INDIANA PROP LLC - REAL ESTATEORDINANCE NO.45-2001 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: I . 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 Mann Indiana Prop., LLC New Jobs: 4 Jobs Retained: 25 Estimated New Value: $500,000.00 Dated: June 26, 2001 Passed and adopted this +Y, day of 2001, by the Common Council of the City of Richmond, Indiana. 4� H PRESENTED to the 2001, at 9:00 a.m. President {Karl SZ—AA-1--, rp City Clerk Schroeder) , or of the City of Richmond, Indiana, this _Lq— day o , :ity Clerk RP OVED by me, Shelley D. Miller, Mayor of the City of Richmond, Indiana, this -�y o F, 2001, at 9:05 a.m. I:1 ity Clerk (Shelley D. Miller) Mayor a�'��'p STATEMENT OF BENEFITS FORM x State Form 27167 (R6 / 4-00) �B �� Form SB -1 is prescribed by the State Board of Tax commissioners, 1989 sere INSTRUCTIONS: I. This statement must be submitted to the body designating the economic revitilization area prior to the public hearing lithe 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. (1C 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, BEFOREa deduction maybe approved. 3. To obtain a deduction, From 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 propertyy. 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 ERA / PPME and /or 322 ERA PPR & DE must be filed 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 riling extension must file the form between March 1 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. (1C 6-1.1-12.1-5.6) 5. The schedules established under IC 6-1.1-12.1-4(d) and 1C 6-1.1-12.1-4.5 (e) 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•- • Name of taxpayer Manzi Indiana Prop., LLC Address of taxpayer (street and number, city, state, ZIP code) 2700 Peacock Road Richmond IN 47374 Name of contact person Telephone number Lindley Mann or Terry Campbell (765)973-6700 'SECTION• • . DESCRIPTION OF ••• r PROJECT Name of designating body Resolution number Common Council of the City of Richmond 10-1984;11-1991 Location of properly County Taxing district 2300 Peacock Road Richmond IN 47374 Wayne Richmond Corp Description of real property improvements and I or new manufacturng equipment and 1 or ESTIMATED research and development equipment (use additional sheets if necessary) See attached Start Date Completion Date Real Estate 08/01/2001 12/31/2001 New Mfg Equipment R&DE SECTIONOF • AND SALARIES AS RESULT OF -••• ■ PROJECT Current number Salaries Number retained Salaries Number additional Salaries 25 400,000 25 400,000 4 65,00SECTION 4 ESTIMATED TOTAL COST AND VALUE OF PROPOSED PROJECT NOTE: Pursuant to IC 6-1.1-12.1-5.1 (d) (2) the COST of the property is confidential. Real Estate Improvements Machinery Research and Development Equipment Cost Assessed Value Cost Assessed Value Cost Assessed Value Current values 1,800,000 1, 062,900 Plus estimated values of proposed project 500,000 Less values of any property beng replaced Net estimate values upon completion of project 2,300,000 1,062,900 SECTION• ■ AND•THER BENEFITS PROMISED B Estimated solid waste converted (pounds) Estimated hazardous waste converted (pounds) Other benefits: our organization provides employment opportunity for many minorities in our community. SECTION• ere y certiYy that the representations in this statement are true. Si of h 'ze representative Title Date signed (month, day, year) Form SB-1, page 1-Copyright02001 Decision Information Systems, Inc. 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 ye*eL# 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; p Yes p No 2. Installation of new manufacturing equipment: 0 Yes 13 No 3. Installation of new research and development equipment; p Yes p No 4. Residentially distressed areas 0 Yes C] No C. The amount of deduction appicable for redevelopment or rehabilitation is limited to $ cost with an assessed value of $ D. The amount of deduction appicable to new manufacturing equipment is limited to $ cost with an assessed value of $ E. The amount of deduction appicable to new reasearch and development equipment is limited to $ cost with an assessed value of $ R other Iimitatinos 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: (signature nd title of a horized member) Telphone number Date signed (month, day, year) ttested by: 1 D ignated body ' t U { �— the designating bo y 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 Form SB-1, page 2 - Copyright @ 2001 Decision Information Systems, kno, ATTACHMENT TO FORM SB-1, page 1, Section 2 Name of taxpayer Mann Indiana Prop., LLC Description of real properly improvements and / or new manufacturng equipment and 1 or research and development equipment 10,000 square foot addition to our newly constructed distribution, center to process floral products. Original structure constructed in 2000 is not large enough to process the increase demand for our product. Our growth has significantly exceeded our expectations within this facility. A 10 year abatement was granted. by Council on our original structure on June 19, 2000 Ordinance # 33-2000. Attachment to Form SEI-1, page 1, Section 2 - Copyright 6 2001 Decision Information Systems, Inc. Form SB-'IA City of Richmond, Indiana Taxpayer Wage & Benefit Information Company Name and Address: Mann Indiana Prop., LLC 2700 Peacock Road (mailing address) 2300 Peacock Road (location of property) Richmond, IN 47374 The information requested on this supplement to form SBA must be completed and submitted along with your SBA 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 $ . Do 2. Average hourly wage for projected new positions $ $ . a0 3. Average hourly health insurance benefit $ ol. y o The length of the abatement you are requesting 10 years (A 1-10 year abatement may be requested for real estate improvements and manufacturing equipment.) If purchasing equipment, please state the projected useful life. If purchasing equipment, please state whether the equipment is new or used. If purchasing 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. DISPOSITION OF ORDINANCE NO. - 2001 RESOLUTION NO. BY COMMON COUNCIL Ordinance No. - 200 Elstro Lundy Wissel Sharp Welch Parker Combs Dickman Hutton Resolution No. Date rules 1 st read Second Moved to Second Second nt Second 3rd reac Second on Date Passed - tl d COMMITTEE ASSIGNMENTS Committee Date