HomeMy Public PortalAbout059-2001- ABATEMENT - RICHMOND BAKING COMPANY - NEW MANUFACTORIORDINANCE NO. 59-2001
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:
NEW MANUFACTURING
EQUIPMENT - 10 YEARS
Richmond Baking Company
New Jobs: 5 Jobs Retained: 122
Estimated New Value: $750,000.00
Dated: June 22, 2001
Passed and adopted this 7�O day o 2001, by the Common Council of the City
of Richmond, Indiana.
President
(Karl Sharp)
A S G1 City Clerk
(Norm chroeder)
PRESENTED to the Mayor of the City of Richmond, Indiana, this day of ,
2001, at 9:00 a.m.
City Clerk
Nomfa Schroeder)
r
b me, Shelley D. MilIer, Mayor of the City of Richmond, Indiana, thisy3( l day
J,ROVED
, 2001, at 9:05 a.m.
a
(Sh v1y
D. Miller)
ATT ST: City Clerk
4(Noa Schroeder)
i STATEMENT OF BENEFITS FORD
RFCEr VED
;I State Form 27167 (R614-00) sB -
Form SB - 1 is prescribed by the State Board of Tax Commissioners, 1989 II rr T Q (j(JQ
�. t�e•+ j l l iy ! V 200
INSTRUCTIONS.
1. This statement must be submitted to the body designating the economic revitilization 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 /PPMEand/or 322 ERA /PPR & DE, must be filed with the county
auditor. With respect to real property, 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 riled 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 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. (IC 6-1.1-12.1-5.6)
5. The schedules established under IC 6-1.1-12.1-4(d) and IC 6-1.1-12.1-4.5 (e) effective July 1, 2000 apply to any statement of benefits riled 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.
SECTIONO- •
Name of taxplayer Co
�
� 4i. L tI\. m
Address of taxpayer (street and number, city, state and e)
F.
$IU
�, o
Name of contact person Telephone number 6S
UQ- �53�
r DESCRIPTION OF PROPOSED PROJECT
Name of de ignating body r Resolution number
a/ CDC l
{_ yy► G r'1 rl G 1
Location of property
4e,
County J
V a
Toxin jdistric
Description of real property improvements and I or new manufacturing equipment and I or
research and development equipment (use additional sh ets if�ecessary)
ESTIMATED
Start Date Completion Date
Real Estate
r0%-m s�`G �0f �V ' '�' \7
� a5l VL[ �~�1'n P_1 wit � �'
1 + 1 IN *$ 1h v�•w , �Ct l 11\ V� Yylq V1�
i''r--
New Mfg Equipment
t1{ 01 MGr a r�..
R & DE
a, w d- GC" % 4 +�
SECTION 3 ESTIMATE 0= EMPLCII EES AKD SALARIES AS RESULT OF PROPOSED PROJECT
Current number Salaries Number retained Salaries Number additional Salaries
-/&0(v Oot> 1
•
. . DVALgEOF RO?j0SEP'.PROJECT
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 property is confidential.
Cost
Assessed Value
Cost
Assessed Value Cost
Assessed Value
Current values
Plus estimated values of proposed project
0
30OL70o
Less values of any property being replaced
Net estimated values upon completion of project
32dZ
3$
----
SECTION 5 WASTE CONVERTED AND OTHER BENEFITS PROMISED BY THE TAXPAYER
Estimated solid waste converted (pounds) Estimated hazardous waste converted (pounds) •-� '�
Other benefits:
SECTIONCERTIFICATION
I hereby certify that the representations in this statement are true.
Signature of authorized representative
Title
Date signed (month, day, year)
}
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 ❑ 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 $ 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: (signat re and title of authorized member)
Telephone number
Date signed (month, day, year)
ze f
Td 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
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 $ ' �
2. Average hourly wage for projected new positions $ 3� C
3. Average hourly health insurance benefit $
The length of the abatement you are requesting 0
(A 1-10 year abatement may be requested for real estate improvements and manufacturing equipment.)
If purchasing equipment, please state the projected useful life. 0
If purchasing equipment, please state whether the equipment is new or used. Osej.101
If purchasing used equipment, list the state in which it is being
brought into Indiana from. r i
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 irate computed using the annual cost per
eligible employee divided by 2080 hours.
(Authorized Signature and Title) � i n „l l D�A� ,,y� �yl01 . {Date)
NO.. -
rev.
- ! ►J������ �- Cam!
Resolution No.
Moved to Second
Second
Second
3rd reac
Second
Date Passed 9" - du - 0
COMMITTEE ASSIGNMENTS
Committee �"fiDate �C� 0