HomeMy Public PortalAbout091-1994 - TAX ABATEMENT - BELDEN WIRE & CABLE COMPANY;COLORBOXORDINANCE NO. 91-1994
A SPECIAL ORDINANCE AUTHORIZING THE APPROVAL OF STATEMENTS OF BENEFITS F -7: R
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
Fast Food Merchandisers, Inc.
New Jobs: Unk Jobs Retained: 22
Dated: Oct. 26,1994
NEW MANUFACTURING
EQUIPMENT -10 YEARS
Belden Wire & Cable Company
New Jobs: 3 Jobs Retained: 753
Dated: Oct. 31,1994
Color -Box, Inc.
New Jobs: 20 Jobs Retained: 193
Dated: Oct. 19, 1994
Fast Food Merchandisers, Inc.
New Jobs: Unk jobs Retained: 22
Dated: Oct. 26,1994
Richmond Baking Company
New jobs: 2 jobs Retained: 83
Dated: Oct. 10,1994
Sanyo Laser Products, inc.
New Jobs: 4 Jobs Retained:132
Dated: Nov. 2,1994
Spartech Plastics
New Jobs: 0 Jobs Retained:107
Dated: Oct. 21,1994
Vandor Corporation
New jobs: 5 Jobs Retained: 52
Dated: Nov. 3,1994
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 7th day of November, 1994, by the on Co cil of the City of Richmond,
Indiana. t //
President
( arker
ATTE _ _,City CIerk
(Norma Carnes)
PRESENTED to the Mayor of the City of nd, Indiana th'sLIthay o ovember, 1994, at
9:00 a.m.
_,City Clerk
(Norma Carnes)
APPROVED by me, Roger Cornett, Mayor of the
1994, at 9:05 a.m.
this 8th day of November,
DISPOSITION OF ORDINANCE NO.
RESOLUTION NO. -19
by Common Council
Ordinance No.-�—L
Resolution No..
Elstro
Lundy
Brookbank
Donat
McBri
a Parke
Allen
Dickmar
Hutton
Date�I`!'
Susp. rules Ist read
Title only
CZ
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Sbconded
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Proof of Publicaton
Seconded
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Move to 2nd read
Seconded
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Engrossment
Seconded
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Susp rules 3rd read
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Seconded
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Passage
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Rejection
Date Passed_
COMMITTEE ASSIGNMENTS:
Corntnittee Date
Commitee Hearing Date
Reassigned to Council Agenda
PUBLICATION DATES:
AMENDMENTS:
COMMENTS: