The URL can be used to link to this page

Home My Public Portal About077-2000- TAX ABATEMENT - FHS PARTNERS LLC - NEW MANUFACTORINGAMENDED ORDINANCE NO. 77-2000 A SPECIAL ORDINANCE AUTHORIZING THE APPROVAL OF A STATEMENT OF BENEFITS FOR A PROPERTY OWNER APPLYING FOR DEDUCTIONS UNDER I.C. 6-1.1.-1.2.1 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 - 5 YEARS FHS Partners, L.L.C. New Jobs: 4-6 Jobs Retained: 0 Estimated New Value: $37,000.00 Dated: October 6, 2000 REAL ESTATE - 8 YEARS FHS Partners, L.L.C. New Jobs: 4-6 Jobs Retained: 0 Estimated New Value: $400,000.00 Dated: October 6, 2000 lac Passed and adopted this day o 2000, by the Common Council of the City of Richmond, Indiana. r--� A City Clerk (No a Schroeder) f� PRESENTED to the Mayor of the City of Richmond, Indiana, this day 2000, at 9.00 a.m. City Clerk aorrdaeder) �PROVEDme, Shelley D. Miller, Mayor of the City of Richmond, Indiana, thiso, 2000, at 9:05 a.m. n Clerk r (Shelley r 11er) STATEMENT OF BENEFITS AMENDED FORM State Form 27167 (R614-00) SB 1 Form SB -1 is prescribed by the State Board of Tax Commissioners. 1989 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 properly 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 /PPME and/ or 322 ERA /PPR & DE, must be Bled with the county auditor. With respect to real property, Form 322 ERA must be filed by the later of., (1) May 10, or (2) thinly (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. (10 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 Bled 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 FES Partners L.L.G. Address of taxpayer (street and number, city, state and ZIP code) 1010 South A Street, Richmond, IN 47374 Name of contact person Telephone number Hanna (765 )966-7653 SECTION 2 LOCATION AND DESCRIPTION OF PROPOSED PROJECT Name of designating body Richmond Common Council Resolution number Location of properly County Taxing district 1400 NW 11th Street Wa ne Description of real property improvements and / or new manufacturing equipment and / or research and development equipment (use additional sheets if necessary) ESTIMATED Start Date Completion Date Real Estate 10,000 sq. ft. pre—engineered steel building to be used for material handler business, parts, service, leasing, sales. New Mfg Equipment R&DE SECTION 3 ESTIMATE OF EMPLOYEES AND SALARIES AS RESULT OF PROPOSED PROJECT Current number Salaries Number retained 8a[aries Number additional Salaries -0- 4-6 210,000 SECTION 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 properly is confidential. Real Estate Improvements Machinery Research and Development Equipment Cost Assessed Value Cost Assessed Value Cost Assessed Value Current values 19,000 Plus estimated values of proposed project Less values of any property being replaced Net estimated values upon completion of project SECTION 5 WASTE CONVERTED AND OTHER BENEFITS PROMISED BY THE TAXPAYER Estimated solid waste converted (pounds) Estimated hazardous waste converted (pounds) Other benefits: SECTION-+ CERTIFICATION: hereby certify that the re resentatfons in this statement are true. Signature authorize r tative Tit[ , clll Date signed (month, day, year) �j�J�` - ( Z - r 5 , `,� v/ DISPOSITION OF ORDINANCE NO. - 2000 RESOLUTION NO. BY COMMON COUNCIL Ordinance No. - 2000 Elstro Lundy Wissel Sharp Welch Parker Combs Dickman Hutton Resolution No. Date — rules 1 st Moved to Second Read Second Second Date Passed COMMITTEE ASSIGNMENTS Committee Date