HomeMy Public PortalAbout061-1992 - TAX ABATEMENT - PRIMEX PLASTICS - NEW MANUFACTORINGORDINANCE NO. 61-1992
A SPECIAL ORDINANCE AUTHORIZING THE APPROVAL OF A STATEMENT
OF BENEFITS FOR A PROPERTY OWNER 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 owner meets 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:
Primex Plastics Corporation for new manufacturing equipment per
Statement of Benefits dated June 15, 1992.
Be it further ordained that the President of Common Council is authorized and directed to sign said
Statement of Benefits for the purpose of evidencing said Common Council's approval thereof.
Passed and adopted this 17th day of August, 1992, by the Common Council of the City of
Richmond, Indiana. A
I1
PRESENTED to the Mayor of the City of Richmond, Indiana, this 18th day August of 1992, at
9:00 a.m.
V_uAk a City Clerk
( orma Carnes)
APPROVED by me, Roger Cornett, Mayor of the City of Richmond, Indiana, this 18th day of
August, 1992, at 9:05 a.m.
li►
AATTEST , City Clerk
Norma Carnes)
Ordinance No.�
Resolution
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Hate
Susp. rules Ist read
Title only
Proof of Pubiicaton
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Seconded
DISPOSITION OF ORDINANCE NO. -199
RESOLUTION NO. -199_
by Common Council
Elstro I Lundy I Brookbank I Donat I McBride I Parker Dickman I Allen I Hutton
Move to 2nd read ✓
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Seconded f
Engrossment
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Seconded -
Susp rules 3rd read ✓
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Seconded
Passage
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Rejection
Date Passed
COMMITTEE ASS1 N ENTS:
Committee Date
Commitee Hearing Date
Reassigned to Council Agenda
PUBLICATION DATES:
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