HomeMy Public PortalAbout032-1993 - TAX ABATEMENT - BRAD SMARELLI;STAR MANUFACTURING;ALUORDINANCE NO.32-1993
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 adopted Resolutions No.10-1984 and No. 24-1989 designating seven
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 deduction from the
assessed value of that new manufacturing equipment as determined by Ordinance No.13-
1992,
NOW, THEREFORE, be it ordained by the Common Council of the City of Richmond, Indiana, that the
following property owners meet the general standards specified by I.C. 6-1.1-12.1-3 and I.C. 6-1.1-12.1-
4.5, to -wit:
REAL ESTATE
Brad Smarelli
New Jobs:1 jobs Retained: 85
Dated 4-26-93
MACHINERY
Aluminum Company of America
New Jobs:10 Jobs Retained: 354
Dated 4-19-93
Cooper Industries - Belden Division
New jobs: 5
Dated 4-2-93
Dana Corp. - Richmond Machining
Jobs Retained: 12
Dated 3-19-93
Productivity Corporation
New Jobs:10 Jobs Retained:10
Dated 4-20-93
Richmond Baking Company
New Jobs.1 Jobs Retained: 86
Dated 4-15-93
Star Manufacturing Corp. Star Manufacturing Corp.
New Jobs: 5 Jobs Retained: 65 New jobs. 5 Jobs Retained: 65
Dated 4-19-93 Dated 4-19-93
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 Councils approval thereof.
Passed and adopted this 3rd day of May, 1993, by the Common Council of the City of Richmond,
Indiana.
President
----(Etta J. Lu dy} --
ATTEST k,�.J��a�0_(,� ,City Clerk
(NoNna Carnes)
PRESENTED to the Mayor of the City of Richmond, Indiana, this 4th day of May, 1993, at 9:00 a.m.
0\
___,City Clerk
(Norma Carnes)
APPROVED by me, Roger Cornett, Mayor of the City of Ric , Indiana, this 4th day of May, 1993,
at 9:05 a.m.
_ _,Mayor
( ger ornett}
ATTEST:_ ,City Clerk
(Norma Carnes)
0N OF ORDINANCE
.� .1991
DISPOSTRESOLUTION NO�1g9—
by Common Council
Ordinance No.
Resalution No. ,_
Elstra Lundy Broofcha.nk Donat McBride Parker
Date � � CI
Allen I Hutton
Susp. rules Ist read V"" ---- ------------
Title only ----....
-- ......
---- ......
------------- ---L
-- --
Proof of-publicaton ----- ----------_- ---- ------ _.._ ------ ------------j
Secono
Mane to 2nd read-- ----- - ..........
Seconded
Engrossment ---- ------------ --- -----_ ---- ------
---•-
Seconded--_- .........
Susp rules 3rd-rea _- -• ....-------- --- ------ ---- ------
Seconded
. �_ -- ✓--- — -... ..�-
.......... --_-----
Passage -_----
------ --OR-
Rejection I/
Date Passed �� y
COMMITTEE ASSIGNIVIENTS:
Data
Committee
Commttee Hearing Date
Reassigned to Council Agenda
PUBLICATION- DATES:
AMENDMENTS:
COMMENTS: