HomeMy Public PortalAbout081-1994 - TAX ABATEMENT - ALUMINUM COMPANY OF AMERICA; BENCHMAORDINANCE NO. 81-1994
.A SPECIAL ORDINANCE AUTHORIZING THE APPROVAL OF STATEMENTS OF BENEFITS FOR
PROPERTY OWNERS APPLYING FOR DEDUCTIONS UNDER I.C. 6-11-12.1
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:
NEW MANUFACTURING ........_ _ _._.__._.. .... _.__.. _. _..__ .....
10YEARS .__._ ._"._. ___...... E UIPMENT -10 YEARS
Aluminum Company of America
New Jobs: 0 Jobs Retained: 340
Dated: October 10,1994
Benchmark Graphics, Inc.
New Jobs: 2 Jobs Retained: 34
Dated: October 4,1994
Cinram, Inc.
New Jobs: 5-10 Jobs Retained: 405
Dated: October 4,1994
Gold Star Coatings - Richmond, Inc.
New Jobs: 5 Jobs Retained: 31
Dated: October 11,1994
And be it further ordained by said Common Council that its President be to sign the above listed
Statements of Benefits for the purpose of evidencing said Commo ncil's appxo thereof.
Passed and adopted this 17th day of October,1994, by t e Co ou y of Richmond, Indiana.
sident
arker)
ATT �(— _Q--_ .City Clerk
(Norma Carnes)
PRESENTED to the Mayor of the City of Richmo , iana, this �')8tday of Oct ber,1994, at 9:00 a.m.
Clerk
(Norma Carnes)
APPROVED by me, Roger Cornett, Mayor of the City of R' ond, d ana, this 18th day of October,1994, at 9:05
a.m.
,Mayor
oger Cornett)
ATTES _,City Clerk
(Norma Carnes)
DISPOSITION OF ORDINANCE NO. U f -19
RESOLUTION NO. -19 'N
by Common Council
Drdinance No.91
Resolution No. _
Elstro
Lundy
Brookbank
Donat
McBri
a Parke
Allen
Dickmar
Hutton
Date lD
Susp. rules Ist read
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Title only
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v
Seconded
Proof of Publicaton
Seconded
Move to 2nd read
Seconded
/
Engrossment
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Seconded
Susp rules 3rd read
Seconded
Passage
✓
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Rejection
Date Passed I b — I �- q 4
COMMITTEE ASSIGNMENTS:
Committee Date
Commitee Hearing Date
Reassigned to Council Agenda
PUBLICATION DATES:
AMENDMENTS:
COMMENTS: