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Home My Public Portal About033-1994 - TAX ABATEMENT - D.F.R. LIMITED LIABILITY COMPANY;SPAORDINANCE NO. 33-1994 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 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 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 D.F.R. Limited Liability Company New Jobs: 10 Jobs Retained: 50 Dated: March 29, 1994 Spartech Plastics New Jobs: 0 Jobs Retained: 132 Dated: March 21, 1994 NEW MANUFACTURING EQUIPMENT - 10 YEARS H&P Too] Company, Inc. New Jobs: 0 Jobs Retained: 33 Dated: March 16, 1994 Spartech Plastics New Jobs: 0 Jobs Retained: 132 Dated: March 21, 1994 NEW MANUFACTURING EOUIPMENT - 5 YEARS Purina Mills, Inc. New Jobs: 0 Jobs Retained: 47 Dated: March 15, 1994 (Applicant does not qualify for 1 st year deduction) Richmond Baking Company New Jobs: 0 Jobs Retained: 86 Dated: March 28, 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 18th day of April, 1994, by th o on Council IT City of Richmond, Indiana. ATTEST`. City Clerk resident PRESENTED to the Mayor of the City of Richm nd, Indiana, t 19th day of April, 1994, at 9:00 a.m.. �_�J_ City Clerk (Norma Carnes) APPROVED by me, Roger Cornett, Mayor of the City o�ilonIndiana, this 19th day of April �� Y o r o r Cornett) 0 ATTEST. _-- ___-- T_- ___ ---,City Clerk (Norma Carnes) DISPOSITION OF ORDINANCE NO. � -199� RESOLUTION NO. 19�_ by Common Council Ordinance No.jalz Resolution No. _ Elstro Lundy Brookbank Donat McBride Parker Dickman Alien button Date Susp, rules Ist read Title only Seconded Proof of Publicaton Seconded Move to and read Seconded Engrossment!---- ----- ------------ ---- -.---- ............... ---------...� Seconded Susp rules 3rd rea ✓ ............... Seconded Passage✓ '� "� ..................................... ............ -------------- ----- ------ Rejection Date Passed `i l Y `"i COMMITTEE ASS I NMEN S: Committee Date_ Commitee Wearing Date Reassigned to Council Agenda PUBLICATION DATES: AMENDMENTS: COMMENTS: