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Home My Public Portal About047-1993 - TAX ABATEMENT - ELDER FAMILY PARTNERS;ALUMAX DOOR PRORDINANCE NO. 47-1993 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 Iocated 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' T.C. 6-1.1-12.14.5, to -wit: REAL ESTATE Elder Family Partners, L.P. New Jobs: 80 Jobs Retained; 95 Dated: 6-10-93 Elder Family Partners, L.P. New Jobs: 15 Jobs Retained: 50 Dated: 6-10-93 Alumax Door Products, Inc. New Jobs: 4 Jobs Retained: 158 Dated: 6-11-93 Bev's Threads, Etc, Inc. New Jobs: 1 Jobs Retained: 23 Dated: 6-7-93 Elder Davis, Inc. New Jobs: 10 Jobs Retained: 85 Dated: 5-7-93 Product Components, Inc. New Jobs: 7 Jobs Retained: 140 Dated: 5-28-93 Vandor Corporation New Jobs: 5 Jobs Retained: 52 Dated: 5-7-93 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 Council's approval thereof. Passed and adopted this 6 day of July, 1993, by the Common Council of the City of Richmond, Indiana. %] President (Etta J.�,undy) - J ATTES ,City Clerk orma Carnes) PRESENTED to the Mayor of the City of Richmond, Indiana, this 6 day of July, 1993, at 9:00 a.m. ACity Clerk (Norma Carnes) APPROVED by me, Roger Cornett, Mayor of the City of Rich nd, Indiana, thisIth day of July, 1993, at 9:05 a.m. Mayor j ger Cornett) ATTEST. City Clerk (Norma Carnes) DISPOSITION OF ORDINANCE NO. !7 •1993 RESOLUTION NO. -199_ by Common Council Ordinance No. /7 Resolution //No. - Elstro Lundy Brookbank Donat McBride Parker Dickman Allen Hutton ti/4 �1.Sia I ! 1 _i - Susp. rules Ist read / Title only V ----------------- ----- ...... --- ---... .-.. ------ -- •------- Proof of Publicaton Seconded Move to 2nd read Seconded V/ Engrossment --------- ----- ---- - Seconded- �--- ---- Susp rules 3rd read Seconded Passage �/ ✓ ✓ '� ✓ ------ --O R ......... ................... 12--- ------------- --� .......... Rejection Date Passed Cv 3 COMMITTEE ASSI Nl;&NTS: Committee Date Commitee Hearing Date Reassigned to Council Agenda PUBLICATION DATES: AMENDMENTS: COMMENTS: