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Home My Public Portal About033-2000- TAX ABATEMENT - MANN INDIANA PROP LLC - NEW MANUFACTOORDINANCE NO.33-2000 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, T.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 from the assessed value, pursuant to Indiana law, for a period of any number of years less than or equal to ten (10) years (i.e. one to ten years), and WHEREAS, an owner of new manufacturing equipment is also entitled to deductions from the assessed value, pursuant to Indiana law, for a period of any number of years less than or equal to ten (10) years (i.e. one to ten years), 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: NEW MANUFACTURING REAL ESTATE - 10 YEARS EQUIPMENT - 10 YEARS Mann Indiana Prop., LLC Mann Indiana Prop., LLC New Jobs: 6 Jobs Retained: 14 New Jobs: 6 Jobs Retained: 14 Estimated New Value: $1,500,000.00 Estimated New Value: $300,000.00 Dated: May 19, 2000 Dated: May 19, 2000 6 Passed and adopted this -`day of 2000, by the Common Council of the City of Richmond, Indiana. President (L(rry Parker) ATT &�—'City4Clerk {Norm Schroeder) T: PRESENTED to the Mayor of the City of Richmond, Indiana, this day o , 2000, at 9:00 a.m. N. City Clerk (NorrAa Schroeder) ,A -PP` OVED by me, Dennis Andrews, Mayor of the City of Richmo , n i a, this -day 2000, at 9:05 a.m. W City Clerk d�� STATEMENT OF BENEFITS R FORM S State Form 27167(R5111-95) �� VFD SB - 1 1 Form SB - 1 is prescrbed by the State Board of Tax Commissioners, 1989 MAY Y 7 9 %000 Baia `� I'IA1 1 C/ LVUU INSTRUCTIONS: 1. This statement must be submitted to the body designating the economic revitalization area prior to the public heating if the designating body requires infomatlon 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 BEFOREa person installs the new manufacturing equipment, or BEFORE the redevelopment or rehabilitation of real property for which the person wishes to claim a deduction. `Projects" planned orcommitted to after July 1, 1987 and areas designated after July 1, 1987 require a STATEMENT OF BENEFITS. (/C 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, BEFORE a deduction may be approved. 3. To obtain a deduction, Form 322 ERA, Real Estate Improvements and lot -Form 322 ERA /PP, New Machinery, 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 /PP must be filed between March 1 and May 15 of the assessment year in which new manufacturing 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) Name of taxpayer -._.._._.. Mam Indiana Prop., LLC Address of taxpayer (street and number, city, state and ZIP code) 2700 Peacock Road P,ichmnd IN 47374 Name of contact person =Telephone number dley Mann or Terry CaFrlpbeil 65) 973-6700 ame ot designating body Resolution number Corrnon Council of the City of Richmond 10-1984111-1991 Location of property County Taxing district 2600 block of Peacock Road Richmond IN 47374 ayne Richroond Corp Description of real property improvements and / or new manufacturing equipment ESTIMATED (use additional sheets if necessary) Start Date Completion Date See attached Real Estate 6/10/2000 2/31 200 New Mfg Equip ment 6 10/2000 2/31 200 Eifl(t,7,:OMF?1[l'1 AN[s AilSAzS:lit1.7.t.#?OObsl:'IiL7JL f Current number Salaries A 210Number 1 210,00 retained J Salaries 210,00 .:.:.. Number additional Salaries 90,00 NOTE: Pursuant to IC 6-1.1-12.1-5.1 (d) (2) the F ea).;E 2 e lm .r5au�ett l _ COST of the property is confidential. Goss _; Assessed Value Cyst _:, Assessed Value Current values Plus estimated values of proposed project 1, 500, 00C 300, 00 Less values of any property being replaced Net estimated values upon completion of project 1, 500, ooq 300, 00 Estimated solid waste converted (pounds) Other benefits: Estimated hazardous waste converted (pounds) ... SECTit?TRxP%Ytiwdp/k1411i .:'... I hereby certify that the representations in this statement are true. Si at e f z d representative Title Date signed (month, day, year ..n.. oo-,, page r - wpyugm � euuu Liecision inrormamn 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, provides 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 No 2. Installation of new manufacturing equipment; Yes No 3. Residentially distressed areas Yes No C. The amount of deduction applicable for new manufacturing equipment is limited to $ cost with an assessed value of $ D. The amount of deduction applicable to redevelopment or rehabilitation is limited to $ cost with an assessed value of $ E. Other limitations or conditions (specify) F, The deduction for new manufacturing equipment installed and first claimed eligible for deduction after July 1, 1991 is allowed for: 5 years ❑ 10 years The deduction period will be five (5) years unless the designating body has by resolution specified the ten (10) year period Also we have reviewed the information contained in the statement of benefits and find that the estimates and expectations are reasonable and have determined that the totality of benefits is sufficient to justify the deduction described above. Approved: (signature 6 ofauthorized m mber) Telephone number Date signed (month, day, year) !=====� (p .' f l ested E C -9- ted bodyN�A� n D(TTAkY\A__n' If the designating body limits a time period during which an area is an economic revitalization area, it does not limit the lengt!oftime ttaxpayer entitled to receive a deducti n to a number of years designated under IC 6-1.1-12.1-4 or 4.5 Namely: (see tables below) r Form SB-1, page 2 -Copyright 0 2000 Decision Information Systems, Inc_ Attachment to Form SB-1, page 1, Section 2 Page: 1 Description of Real Property TiTprovements and/or New Manufacturing Equipment r ------------------------------------------------------------------------------------------------ Mann Indiana Prop., LLC ------------------------------------------------------------------------------------------------ - 60,000 square foot distribution hub for floral products. Facility will warehouse floral products from out of state and out of country for later distribution to current customers and new customers. Facility will include a 12,500 square foot refrigeration system, docks, baler and racking for product storage and distribution. Facility will have an expected life of 50 years. Equipment will have an expected life of 40 years. 10 Year Abatement requested Form SB-1A City of Richmond, Indiana Taxpayer Wage & Benefit Information Company Name and Address: Mann Indiana Prop., LLC 2700 Peacock Road Richmond, Indiana 47374 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 $ 7.00 2. Average hourly wage for projected new positions $ 7.00 3. Average hourly health insurance benefit DEFINITIONS $ 2.10 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. J - 2000 RESOLUTION NO. Resolution No. Suspend rules 1st reading___ RIM Date Passed ` 0 b COMMITTEE ASSIGNMENTS Committee Date