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Home My Public Portal About104-1994 - TAX ABATEMENT - HOFFCO INC;CARPENTER MANUFACTURING IORDINANCE NO. 104-1.994 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 NEW MANUFACTURING REAL ESTATE -10 YEARS EQUIPMENT - 5 YEARS Hoffco, Inc. Hoffco, Inc. New Jobs: 5 Jobs Retained: N/A New Jobs: 5 Jobs Retained: N/A Dated: Dec.1, 1994 Dated: Dec. 1,1994 NEW MANUFACTURING EQUIPMENT -10 YEARS Carpenter Manufacturing, Inc. New Jobs: 145 Jobs Retained: 70 Dated: Dec. 1,1994 Fast Food Merchandisers, Inc. New Jobs: 35 Jobs Retained: N/A Dated: Nov. 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 evidenci/said il's approval thereof. Passed and adopted this 19th day of December, 1994 by ouncil o City of Richmond, Indiana. Q, A (Norma Clerk PRESENTED to the Mayor of the City of Rich nd, Indiana, s 20th day o December, 1994, at 9:00 a.m. _,City Clerk APPROVED by me, Roger Cornett, Mayor of the Ci is o d Indiana this 20th day of December, 1994, at 9:05 a.m. for ,Mayor _ ger Cornett) ATTE _ A, RJ-��) City Clerk (Norma Carnes) DISPOSITION OF ORDINANCE NO. L-1191� RESOLUTION NO. -19 by Common Council Ordinance No./d Resolution No. _ Elstro Lundy Brookban Donat McBri a Parke Allen Dickmar Hutton Date la ` 1 7 —f� Susp. rules Ist read Title only tZ -- seconded � mm_ Proof of Publicaton Seconded - Move to 2nd read Seconded - Engrossment Seconded Susp rules 3rd read ----- Seconded -------- Passage 7- 77 G/ ✓ C� �/ c/ ------- --O R- ----- --------- --------- ----- ------ ---------------------------- Rejection Date Passed d., ' 9 —y COMMITTEE ASSIGNMENTS: Committee Date Commitee Hearing Date Reassigned to Council Agenda PUBLICATION DATES: AMENDMENTS: COMMENTS: