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Home My Public Portal About073-2000- TAX ABATEMENT - FICKENSCHER AMERICA LLC & CITY OF RICAMENDED ORDINANCE NO.73-2000 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, 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 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: 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 Fickenscher America LLC & City of Richmond New Jobs: 40 Jobs Retained: 26 Estimated New Value: $5,000,000 Dated: October 1, 2000 REAL ESTATE - 10 YEARS Fickenscher America LLC & City of Richmond New Jobs: 40 Jobs Retained: 26 Estimated New Value. $3,000,000 Dated: October 1, 2000 Passed and adopted this day o 2000, by the Common Council of the City of Richmond, Indiana. President 4arry er) ATT , T:, City Clerk �(Norn�dSchroeder) PRESENTED to the Mayor of the City of Richmond, Indiana, this j� day of =[ - 2000, at 9:00 a.m. Clerk (Norma Schroeder) Lam, by me, Shelley D. Miller, Mayor of the City of Richmond, Indiana, this day o , 2000, at 9:05 a.m. Wmem,,� mw� (Shellel/Ip. Miller) A ES ity Clerk (Nor a Sehroeder} STATEMENT OF BENEFITS (AMENDED) U &ate Form 27167 (R6 / 4.00) Form SB -1 is prescribed by the State Board of Tax Commissioners, 1989 INSTRUCTIONS: F9RM SB-1 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, 1987require 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 !*RA, Real Estate Improvements and / or Form 322 ERA / PPME and / or 322 ERA / PPR & DE, must be filed with the coun ty 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 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 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. (IC6-1.1-12.1-5.6) 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 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. Name of taxpayer FICKENSCHER AMERICA LLC & CITY OF RICHMOND Address of taxpayer (street and number, city, state and ZIP code) 1650 Rich Road,Richmond, Indiana 47374-1435 Name of contact person Telephone number Ralph Mc Kelde P y (248 )652-9087 Name of designating body Resolution number Richmond Commom Council Location of property County Taxing district Iiidifstries Roa4,,Richmond Wayne Description of real property improvements and / or new manufacturing equipment and / or ESTIMATED research and development equipment (use additional sheets if necessary) Start Date Completion Date Manufacturing Facility for Plastic Injection Molding,:::& Related Light Assembly. Real Estate 9-1-00 6-30-01 New Mfg Equipment 9-1-00 8-31-02 Injection Molding, Auxillary, Assembly & Material R & DE Handling Equipment Curre:nulomber Salaries Number retained Salaries Number additional Salaries $820,000.00 26 $82a,000.00 40 $1,475,000.00 NOTE: Pursuantio IC 6-1.1-12.i-5.1 (d) (2) the Machinery Research and Development COST of the properly is confidential. Equipment Assessed Value Cost Assessed Value Cost Assessed Value Current values 7RealEstaImprovements Plus estimated values of proposed project Less values of any property being replaced Net estimated values upon completion of project g(In Inn IIIMMMI Estimated solid waste converted (pounds) Estimated hazardous waste converted (pounds) Other benefits: I. eb certi the re sentations in this statement are true. Signature of authorized representative ,, , Tiife Date signed (month, day, year) City of Richmond B`: City Attorney October 4.-2000 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 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;. 2. installation of new manufacturing equipment; 3. Installation of new research and development equipment; 4. Residentially distressed areas calendar years * (see below). The date this ❑ Yes ❑ N o ❑ Yes ❑ N o ❑ Yes ❑ N o ❑ Yes ❑ N o C . The amount of deduction applicable for redevelopment or rehabilitation is limited to $ value of $ D.The amount of deduction applicable to new manufacturing equipment is limited to $ value of $ E. The amount of deduction applicable to new research and development equipment is knited to $ an assessed value of $ cost with an assessed cost with an assessed cost with F. Other limitations or condibons (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. number I Date signed (month, day, year) 99� 1 lell7/z) * 1f the designating b6dy 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 $ N 5 • l u 2. Average hourly wage for projected new positions $ 1 b - -7 3. Average hourly health insurance benefit $ 3_ `r(O The length of the abatement you are requesting r 0 Y�ORRS (A 1-10 year abatement may be requested for real estate improvements and manufacturing equipment.) If purchasing equipment, please state the projected useful life. 15 Vi ARS If purchasing equipment, please state whether the equipment is new or used. W If purchasing used equipment, list the state in which it is being brought into Indiana from DEF)1N11'IONS 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. (Authorized Signature and Title) (Date) DISPOSITION OF ORDINANCE NO. - 2000 RESOLUTION NO. -4 BY COMMON COUNCIL Ordinance No.= - 2000 Elstro Lundy Wissel Sharp I Welch Parker Combs Dickman Hutton Resolution No. Date st IMoved to Second Engrossment Second 3rd reading v I c--"I cv Date Passed COMMITTEE ASSIGNMENTS Committee Date