HomeMy Public PortalAbout096-1993 - TAX ABATEMENT - RICHMOND CASTING COMPANY;BENCHMARK GORDINANCE NO. 96-1993
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
MACHINERY
Benchmark Graphics, Inc.
New jobs: 2 Jobs Retained: 32
Dated 9-29-93
Qualty Tool & Gage, Inc.
Jobs Retained: 36
Dated: 10-25-93
Richmond Casting Company Richmond Casting Company
Jobs Retained: 50 Jobs Retained: 50
Dated: 10-19-93 Dated: 10-19-93
White Consolidated Industries, Inc.
d/b/a - Kemper Division
Jobs Retained: 421
Dated: 10-1-93
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 1st day of November,1993, by the Common Council of the City of Richmond,
Indiana.
_ President
(Etta J. L dy)
6�ATTEST: 0,6_�,City Clerk
dNori p Carnes)
PRESENTED to the Mayor of the City of Richmond, Indiana, this 2nd day of November,1993, at 9:00
a.m.
tau, _-,City Clerk
(Norma Carnes)
APPROVED by me, Roger Cornett, Mayor of the City of o ndiana, this 2nd day of November,
1993, at 9:05 a.m.
_ ayor
Q!pger Cornett)
ATTES _,City Clerk
4(N=rma Carnes)
DISPOSITION OF ORDINANCE NO. -�99
RESOLUTION NO. 199_
by Common Council
Ordinance No---�-6
Resolution No. _ Elstro Lundy Brookbank Donat McBride Parker Dickman Allen Hutton
Date
Susp. rules Ist read
Title only
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Seconded
Proof of Publicaton
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Seconded
Move to Znd read
Seconded
Engrossment
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Seconded
Susprules 3rd-rea ------.................. --- ------ ----..........................
Seconded
Passage
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Rejection
Date Passed
COMMITTEE ASSf NTS:
Committee Date
Commitee Hearing Date
Reassigned to Council Agenda
PUBLICATION DATES:
AMENDMENTS:
COMMENTS: