HomeMy Public PortalAbout108-2000- TAX ABATEMENT - WAYNE DAIRY PRODUCTS - NEW MANUFACTORORDINANCE NO. 108-2000
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, LC. 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
Wayne Dairy Products, Inc.
New Jobs: 5 Jobs Retained: 144
Estimated New Value: $6,442,500.00
Dated: December 1, 2000
Passed and adopted this Q
of Richmond, Indiana.
-
TT .
a Schroeder)
PRESENTED to the Mayor of the City
200',9, at 9:00 a.m.
REAL ESTATE - 10 YEARS
Wayne Dairy Products, Inc.
New Jobs: 5 Jobs Retained: 144
Estimated New Value: $804,000.00
Dated: December 1, 2000
cil of the City
President
` PROVED by me, Shelley D. Miller, Mayor of the City of Richmond, Indiana, this day
l , 200.1, at 9:05 a.m.
l�
A ES Ci
(Norma chroeder)
Clerk
4
�•� STATEMENT OF BENEFITS FORM
.� State Form 27167 (R6I4-00) R�
Form SB - 1 is prescribed by the State Board of Tax Commissioners, 1989
:TRUCTIONS:
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 6-1.1-12.11
2. Approval of the designating body (City Council, Town Boar, 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, Farm 322 ERA, Real Estate Improvements and /or Form 322 ERA /PPME and /or 322 ERA/PPR & DE, must be filed with the county
auditor birth 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 CP - i 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 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.
v
SECTIOA I TAXPAf ER IAFOR •
Name of taxpayer
Wayne Dairy Products, Inc.
Address of taxpayer (street and number, city, state and ZIP code)
1590 N.W. llth Street, Richmond, IN 47374
Name of contact person
Telephone number
Ruth Strunk
(765 ) 935-7521
SECTION 2 LOCATION AND DESCRIPTION OF PROPOSM PROJECT
Name of designating body
Resolution number
Wayne Dairy Products, Inc.
10-1984
Location of property
County
Taxing district
1590 N.W. llth Street; Richmond, IN
Wayne
Richmond Corp.
,cription of real property improvements and I or new manufacturing equipment and I or
research and development equipment (use additional sheets if necessary)
ESTIMATED
Start Date
Completion Date
Real Estate
2-1-2001
6-30-2001
New Mfg Equipment
7-1-2001
10-31-2003
SEE ATTACHED SHEET
R&DE
SECTION 3. ESTIMATE OF EMPLOYEES AND SALARIES AS RESULT OF PROPOSED PROJECT
Current number Salaries Number retained Salaries Number additional Salaries
144 3.77 mil 144 3.77 mil 5 1$135,000/ Year
SECTION•TAL
COST AND VALUE OF
-•-• r PROJECT
NOTE: Pursuant to IC 6-1.1-12.1-5.1 (d) (2) the
C05T of the property is confidential.
Real Estate Improvements
Machinery
Research and Development
Equipment
Cost
Assessed Value
Cost
Assessed Value
Cost
Assessed Value
Current values
2,491,908
278,470
12,105,05C
1,579,800
Plus estimated values of proposed project
804,000
268 , 0 00
6,442,50C
1,288,490
Less values of any property being replaced
Net estimated values upon completion of project
3 125 908
546,470
18, 547 , 55
2,868.290
SECTION• • AND OTHER BENEFITS PROMISED BY THE TAXPAYER
Estimated solid waste converted (pounds) —0— Estimated hazardous waste converted (pounds) —0—
Other benefits:
"�91ZCTION 6 TAXPAYER CERTIFICATION
I hereby certify that the re resentations in this statement are true.
Ssgna e o jo edrepresen Live
Title
Date signed (month, day, year)
Secretary
December 1, 2000
y
C
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. 1
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. Installation of new research and development equipment; []Yes ❑ No
4. Residentially distressed areas ❑ Yes ❑ No
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.
(signature and title of authorized member) Telephone number Date signed (month, day, year)
Designated body
Wthe 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
An addition of approximately 11,300 square feet will be attached to the South side of our current
building to accommodate up to three new low acid aseptic milk filling machines and other
associated fluid packaging equipment.
Also, additional processing equipment, piping, valves, controllers, etc., will be needed.
Form SB-1A
City of Richmond, Indiana
Taxpayer Wage & Benef t Information
Company Name and Address:
Wayne Dairy Products, Inc.
1590 N.W. llth Street
Richmond, IN 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 (Current hate) $ 12.59
2. Average hourly wage for projected new positions ( Current Rate) $ 12.99
3. Average hourly health insurance benefit (As of 9/30/00) $ 2.70
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 used equipment, list the state in which it is being
brought into Indiana from
10 Years
New
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.
(Authorized Signature and Title) (Date)
DISPOSITION OF ORDINANCE NO. 1 2000
RESOLUTION NO.
BY COMMON COUNCIL
Ordinance No. t U 2000 Elstro Lundv Wissel Sharp Welch I Parker Combs Dickman 1 Hutton
Date
Suspend rules 1 st readii
Second
Moved to Second Readi
Second
Engrossment
Second
Second
ection
Date Passed `��r0 f
COMMITTEE ASSIGNMENTS
Committee Date