HomeMy Public PortalAbout025-1994 - TAX ABATEMENT - HILLS PET NUTRITION - REAL ESTATE,NEORDINANCE NO. 25-1994
A SPECIAL ORDINANCE AUTHORIZING THE APPROVAL OF STATEMENTS OF BENEFITS FOR
PROPERTY OWNERS APPLYING FOR DEDUCTIONS UNDER I.C. 6-1.1-12.1
WHEREAS Common Council has adopted Resolutions No. 10-1984 , No, 22-1988, and No. 24-1989
designating 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 a 10
year deduction from the assessed value of that real property as determined by
Resolution No. 2-1987, and
WHEREAS an owner of new manufacturing equipment is entitled to a 5 year or 10 year deduction
from the assessed value of new manufacturing equipment placed in service after March 8,
1994, as determined by Ordinance No. 20-1994,
NOW, THEREFORE, be it ordained by the Common Council of the City of Richmond, Indiana, that the
following property owners meet the requirements for property tax assessed valuation deductions as
follows:
REAL ESTATE -10 YEARS
Hill's Pet Nutrition, Inc.
New Jobs: 165 Jobs Retained. 190
Dated: March 18, 1994
NEW MANUFACTURING
EQUIPMENT - 10 YEARS
Hill's Pet Nutrition, Inc.
New Jobs: 165 Jobs Retained: 190
Dated: March 18, 1994
And be it further ordained by said Common Council that its President be authorized to sign the above
listed Statements of Benefits for the purpose of evidencing said Common Council's approval thereof.
Passed and adopted this 21st day of March, 1994, by the C26 n Council o he City of Richmond,
Indiana. r / r /%
ent
arr arker)
ATTES _,, r
__ ____-----,City Clerk
(Norma Carnes)
PRESENTED to the Mayor of the City of Richm Indiana, thisUdayarch, 1994, at 9:00 a.m.
itv Clerk
(Norma Carnes)
APPROVED by me, Roger Cornett, Mayor of the CZofclo Indiana, this 22nd day of March,
1994, at 9:()5 a.m.
— ---,Mayor
{ oger Cornett)
�)
ATTESCity CIerk
(Norma Carnes)
-199
DISPOSITION OF ORDINANCE NO. _
RESOLUTION NO.
by Common Council
Ordinance N0-2
fb
Resolution No. _ Elstro Lundy Brookbank Donat McBride Parker Dickman Allen Hutton
Date
Susp. rules Ist read
Title only ✓
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Seconded ✓ - --- .----- ..
Proof of Publicaton
Seconded
Move to 2nd read
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Seconded
Engrossment
Seconded ✓
Susp rules 3rd read
Seconded 1/
Passage ;/ ✓ ✓ ✓ .� -` --- .....
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Rejection
Date Passed
COMMITTEE ASSI NME TS:
Committee Date_„
Commttee Hearing Date
Reassigned to Council Agenda
PUBLICATION DATES:
AMENDMENTS:
COMMENTS: