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Home My Public Portal About076-1994 - TAX ABATEMENT - IMPERIAL PRODUCTS INC;MOSEY MANUFACTORDINANCE NO. 76-1994 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: ._.__.__._.._._:...._._.._...___.�.�._.....�._..______...:_._.�....__._.........___..�___...__..�_____.._...:._......_:...m.....____......__._._._�.�_�.�NE-W M-ANUFACTURING��-�_�.�..__........___.__.__.�..�......_.._._.______..�...� REAL ESTATE -10 YEARS EQUIPMENT -10 YEARS Imperial Products, Inc. New Jobs: 0 Jobs Retained: 100 Dated: Sept. 13,1994 Mosey Manufacturing Co., Inc. New Jobs: 7 Jobs Retained: All Dated: Sept. 22, 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 3rd day of October, 1994, by the ouncil of City of Richmond, Indiana. � � arker) ATTES- City ------- - Clerk (Norma Carnes) - PRESENTED to the Mayor of the City of Rich o d, Indiana, ohisth day of Pctober, 1994, at 9:00 a.m. ,City Clerk (Norma Carnes) APPROVED by me, Roger Cornett, Mayor of the Ci f c o d, ndiana, this 4th day of October, 1994, at 9:05 a.m. Mayor ger Cornett ATTES City Clerk (Norma Carnes) STATEMENT OF BENEFITS .. st-0 Farm 27167 (114110.93) Form S9 - t is presmbed by the state Board of Tax Comiw=ers. 1989 RECEIVED SEP 2 e 1994 Request 10 Year Abatement FORK INSTRUC77ONS. 1. This statement must be submitted to the body designating the economic revidlization area prior to the public hearing if the designating body requires in mation from the applicant in making its decision about whether to designate an Economic Revitrlization Area. Otherwise this statement must be submi, to the designating body BEFORE a person installs the new manufacturing equipment, or BEFORE the redevelopment or rehabilitation of real property which the person wishes to claim a deduction. A statement of benefits is not required if the area was designated an ERA prior to July 1, 1987 and "project' was planned and committed to by the applicant, and approved by the designating body, prior to that date. "Projects" planned or committed to s July 1, 1987and areas designated after July 1, 1987require a STATEMENT OFBEJVEFITS. (IC 8-1.1-121) 2. Approval of the designating body (City Council, Town Board, County Council, eta) must be obtained prior to initiation of the redevelopment or rehabifitar or prior to installation of the new manufacturing equipment, BEFORE a deduction may be approved. 3. To obtain a deduction, Form 322 ERA, Real Estate Improvements and/or Form 322 ERA / PP, New Machinery, must be filed with the county auditor. I respect to real property, Form 322 ERA must be filed by the later of: (1) May 10; or (2) thirty (30) days after notice of increase in real property assessn is received from the township assessor. Form 322 ERA / PP must be filed between March.) and May. 15 of the assessment year in which new mane turfing equipment becomes assessable, unless a filing extension has been obtained A person who obtains a filing extension must rile the form betw March i and June 14 of that year. 4. Property owners whose Statement of Benefits was approved after July 1, 1991 must submit Form CF- 1 annually to show compliance with the Statemer Benefits. (10 6 1.1-1Z 1-5.8) Name of taxpayer of taxpayer (street and number, city, state 262 Ft Wayne Ave Richmond In 47374 Name of contact person Telephone number Jack W Alexander (317)983-8800 Name of designating body Resolution number City of Richmond Economic Revitalization Area 11-1991 Location of property County Taxing district 1700 N F St, 520 N 15th iWayne Richmond )description of real property improvements and I or new manufacturing equipment to be acquired (use additional Estimated staring date streets if necessary) Schedule Attached � Schedule Attached Estimated completion date Schedule Attached ;urrent number Salaries Number retained Salaries Number additional 5alanes 13 Wk Avg 288 6,515,037 All All 7 170,800 52 Wk Avcr 267 1 SECTFON 4 ESTTMATED NOTE: I'ursUaMto IC 6-1.1-121-5.1 (d) (2) the COST of the property is confidential. TOTAL COST AND VALUE OF PROPOSED PROJECT Real Estate Improvements Machinery AssessedValue Assessed Value Current values 3 // lit 94 6,262,257 677,870 Plus estimated values of proposed project 435,000 5 8, 0 0 0- �$t�r,�X Ap lication Pend'ng 7//29/94 720,000 96,000 Net estimated values upon completion of project 1 1 1 7,417,257 3 8 7 0 I hereby certify that the representations in this statement are trite. authorized repr se tiv Title Cate signed (month. day, year) - - . .i .- �/ , Qom..- r m,•-- 1 0 ./') 7 .r CIA �CHEOULE FOR STATEMENT OF BENEFITS hOSEY MANUFACTURING Q IRC 262 FT BAYNE AVE RICHMOND, IN 47374 z DESCRIPTION - 9122194 application COST 1. Purchase Air Compressor s35,DDD EST EST AODL . START 7COMPLETE EitPl 9-26-94 10-25-94 0 5 e 2. Construct 2 8' Turn 6 Bore C.N.C. Machines 038) 80,000 9-26-94 3-26-95 2 e 3. Construct 4 8" Tarn ksore C.I.C. Machines 039) :240,600 9-2694 3=26 45 4 „a 4. Construct 8 Part Orientor Machines (M4O) 40,000 9-26-94 3-26-95 0 12 5. Construct 1 8' Turn S Bore CAN Machine (M41) 40,000 9-26-94 3-26-95 1 14 ,5 TOTAL 435,000 7 ,e 1e 33 35 x ,a 47 48 40 so: 5, 62 63 54 55 se 57 CITY OF RICHMOND DEPARTMENT OF ADMINISTRATION 50 North Fifth Street Richmond, Indiana 47374 Phone (317) 983-7220 Fax (317) 962-7024 September 28,1994 Michael Hoober Imperial Products, Inc. 451 Industrial Parkway Richmond, IN 47374 Dear Michael: ROGER CORNETT Mayor Janet Hibner . Director Pursuant to Indiana Code 5-1.1-12.1-3(a)(3) "a statement of benefits is a public record that may be inspected and copied under IC 5-14-3-3." Each business should be using Form SB-1, R4/10-93. I have enclosed a copy for your use and review. A copy of your Statement of Benefits has been included in each council member's packet for review prior to the next council meeting on October 3,1994 at 7.30 p.m. Council Member Donat has instructed me to request a representative of your business to be present at the above meeting to answer any questions she and other members may have. Sincerely yours, 9ane=Hibnez cc: Mayor Cornett Enclosure JH/ags ETA STATEMENT OF BENEFITS FORM State Form 27167(1`13111-91) RECEIVED SEP 13 Form SB -1 is prescribed by the State Board of Tax Commissioners. 1989 �e The records in this series are CONFIDENTIAL according to IC 6-1.1-35-9��h Deis A / 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 int mation from the applicant in making its decision about whether to designate an Economic Revitilization Area. Otherwise this statement must be submin to the designating body BEFORE a person installs the new manufacturing equipment, or BEFORE the redevelopment or rehabilitation of real property which the person wishes to claim a deduction. A statement of benefits is not required if the area was designated an ERA prior to July 1, 1987 and t project" was planned and committed to by the applicant and approved by the designating body, prior to that date. "Projects" planned or committed to of July 1, 1987and 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 rehabilitatic or prior to installation of the new manufacturing equipment, BEFORE a deduction may be approved. 3. To obtain a deduction, Form 322 ERA, Real Estate Improvements and/ or Form 322 ERA / PP, New Machinery, must be filed with the county auditor. W 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 assessmf is received from the township assessor. Form 322 ERA / PP must be filed between March 1 and May 15 of the assessment year in which new manufi turfing equipment is installed, unless a filing extension has been obtained. A person who obtains a filing extension must file the form between March f a June 14 of that year. 4. Property owners whose Statement of Benefits was approved after July 1, 1991 must submit Form CF - 1 annually to show compliance with the Statement Benefits. (IC6-1.1-12.1-56) Name of taxpayer 451 Industrial Parkway, Richmond, IN 47374 Name of contact person Telephone number Michael Hoober (317 ) 966-0322 SECTION 2 LOCATION AND DESCRIPTION OF PROPOSED PROJECT Name of designating body Resolution number City of Richmond 10-1984 Location of property County Taxing district 451 Industrial Parkway Wayne Richnond Description of real property improvements and 1 or new manufacturing equipment to be acquired (use additional Estimated starting date sheets if necessary) 9 / 19/ 94 Molder Estimated completion date 10/3/94 SECTION 4 ESTIMATED TOTAL COST AND VALUE Real Estate Improvements Cost OF PROPOSED PROJECT Assessed value Machinery Cost Assessed value Current values 1,264,127 106,000 Plus estimated values of proposed project 82,400 10,700 Less values of any property being replaced --- --" Net estimated values upon completion of project 1, 346,523 116,700 This molder is needed to alleviate the bottleneck in our millroom. Without this molder, we will be unable to meet the demands of our growing customer rase and requirements for shorter lead times. that the representations in this statement are true. Signature of authorized representative Title Date signed (month, day, year) 9 t. Controller g t t 4{ 9 4 CITY OF RICHMOND DEPARTMENT OF ADMINISTRATION 50 North Fifth Street Richmond, Indiana 47374 Phone (317) 983-7220 Fax (317) 962-7024 September 28,1994 George Mosey 2622 Ft. Wayne Avenue Richmond, IN 47374 RE: 1700 North F Street, 520 North 15th Street Dear George: ROGER CORNETT Mayor Janet Hibner Director Pursuant to Indiana Code 6-1.1-12.1-3(a)(3) "a statement of benefits is a public record that may be inspected and copied under IC 5-14-3-3." Each business should be using Form SB-1, R4/10-93. I have enclosed a copy for your use and review. A copy of your Statement of Benefits has been included in each council member's packet for review prior to the next council meeting on October 3,1994 at 7.30 p.m. Council Member Donat has instructed me to request a representative of your business to be present at the above meeting to answer any questions she and other members may have. Sincerely yours, Janet Hibner cc: Mayor Cornett Enclosure JH/ags DISPOSITION OF ORDINANCE NO. -19 RESOLUTION NO.-19O-q4 by Common Council Ordinance No.-7� Resolution No. _ Elstro Lundy Brookban Donat McBri a Parke Allen Dickmar Hutton Date Susp. rules Ist read Title only Seconded --------- Proof of Publicaton ------------------------- Seconded ------ -------- ----------------- ------ ------ ------ ---------- Move to 2nd read ------------------------- Seconded ------ ------- ---------- -------------------------------------- Engrossment Seconded - Susp rules 3rd read v Seconded rI Passage ------- --- O R--------- --------- ---------- ----- ----- ---------------------------- Rejection Date Passed Id , 3 r� L COMMITTEE ASSIGNMENTS: Committee Commitee Hearing Date Reassigned to Council PUBLICATION DATES: AMENDMENTS: COMMENTS: Agenda ate