HomeMy Public PortalAbout094-1993 - TAX ABATEMENT - CASTING TECHNOLOGY CORPORATION - MACORDINANCE NO.94-1993
A SPECIAL ORDINANCE AUTHORIZING THE APPROVAL OF STATEMENTS OF BENEFITS FOR
PROPERTY OWNERS APPLYING FOR DEDUCTIONS UNDER I.C. 6-1.112.1
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. 6-11-121 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:
MACHINERY
Casting Technology Corporation
New Jobs: 8 Jobs Retained: 6
Dated 10-11-93
And be it further ordained by said Common Council that its President be authorized to sign the above
Iisted Statements of Benefits for the purpose of evidencing said Common Council's approval thereof.
Passed and adopted this 18th day of October,1993, by the Common Council of the City of Richmond,
Indiana.
President
(Etta J. undy)
ATTEST: ,City Clerk
(N4Carries)
PRESENTED to the Mayor of the City of Richmond, Indiana, this 14th day of October,1993, at 9:00
a.m.
,City Clerk
(Norma Carnes)
APPROVED by me, Roger Cornett, Mayor
1993, at 9:05 a.m.
of the City of Rx�mond, Indiana, this 11th day of October,
ATTEST:_ ,City
orma Carnes)
Clerk
DISPOSITION OF ORDINANCE NO. J� -199 1
RESOLUTION NO. -M—
try Common Council
Ordinance NoOi 4t
Resolution No. _ Elstro Lundy Brookbank Donat McBride Parker Dickman Allen Hutton
Date Oi ( i'
Susp. rules Ist read
Title onlyt... I"
V
Proof of Publicaton
Seconded
Move to 2nd read
----w'-
Seconded
Engrossment
...........................................--- ------ ---- ------ ----- - -
Seconded
Susp rules 3rd read
Seconded [/
Passage ✓ ✓ `�� '/ v -- ---
--O R- -----....................... ----- --
Rejection
Date Passed s
COMMITTEE ASSIGI MENT :
Committee Date
Commttee Hearing Date
Reassigned to Council Agenda
PUBLICATION DATES:
AMENDMENTS: