HomeMy Public PortalAbout066-2013 - Tax Abatement Office defination clarificationORDINANCE NO.66-2013
A SPECIAL ORDINANCE ALLOWING CERTAIN OFFICES
DEDUCTIONS FROM ASSESSED VALUE WITHIN AN
ECONOMIC REVITALIZATION AREA
WHEREAS, Pursuant to Indiana Law, I.C. 6-1.1-12.1 et. seq., the Common Council of
the City of Richmond, Indiana may find that a particular area within the
City is an Economic Revitalization Area which provides as an economic
development incentive certain property tax deductions for the
redevelopment or rehabilitation of real; and
WHEREAS, The Common Council has previously adopted Resolution No. 10-1984
which designates certain areas in the City as Economic Revitalization
Areas and sets forth certain procedures for an owner to obtain certain
deductions therein; and
WHEREAS, Resolution No. 10-1984 has previously been amended to add other areas
as an ERA; making definition changes to the original ordinance, setting
forth the time periods in which a deduction is allowed, and establishing
other procedures for obtaining deductions (see Resolutions 2-1987, 11-
1989, 11-1991, 3-1996, Ordinances 72-1996, 90-1996, 113-1997, 19-
2000, 29-2006, 31-2007, and 65-2013; and
WHEREAS, Indiana Law 6-1.1-12.1-3(e) establishes uses in which deductions may not
be approved by the designating body; and
WHERAS, The Common Council desires to clarify that certain offices being
redeveloped or rehabilitated within an Economic Revitalization Area may
be considered for deductions if they meet the criteria provided herein.
NOW, THEREFORE, BE IT ORDAINED by the Common Council of the City of
Richmond, Indiana, that:
1. Office, for the purpose of this ordinance, shall be defined as a place in
which business, professional, and/or clerical activities can be performed in
other geographic locations because the services undertaken are for
clientele on a national or international level.
2. The Common Council will consider deductions for certain offices if they:
a. Meet the definition of an office established herein and comply with all
other provisions of Indiana Law and ordinances established by the
Common Council for deductions from assessed value; and
b. Are committing to a minimum real estate improvement investment of
$250,000, and
c. Commit to create 25 new full time job within two years, and
d. Pay an average hourly wage of 1-1 /2 times the minimum wage, and
e. Provide health insurance for their employees.
PASSED AND ADOPTED this 16t' day of December, 2013, by the Common Council of
the City of Richmond, Indiana.
ATTEST•
Karen Chasteen, IAMC, MMC
PRESENTED to the Mayor of the City of Richmond, Indiana, this 18th day of December,
2013, at 9:00 a.m.
Karen Chasteen, IAMC, MMC
APPROVED by me, Sarah L. Hutton, Mayor of the City of Richmond, Indiana, this o
day of December, 2013, at 9:05 a.m.
Mayor
(Sarah L. Hutton)
ATT
Karen Chasteen, IAMC, MMC