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Home My Public Portal About126-1997 - Tax Abatement - Mac-Del IncORDINANCE NO. 126-1997 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 has previously designated eight 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 deductions pursuant to Indiana law and prior Council resolution for a ten year period from the assessed value, and WHEREAS, an owner of new manufacturing equipment is entitled to deductions pursuant to Indiana law for either a 5 year or 10 year period from the assessed value of new manufacturing equipment, and WHEREAS, in order for Common Council to approve a Statement of Benefits to allow a deduction, it must make the following findings, to -wit: 1. That the estimate of value of the redevelopment or rehabilitation, as to real property, or the estimate of cost of the new manufacturing equipment, as to personal property, is reasonable for projects of that nature or equipment of that type. 2. That the estimate of number of individuals who will be employed or whose employment will be retained can be reasonably expected to result from the proposed described redevelopment or rehabilitation, or from the installation of the new manufacturing equipment. 3. That the estimate of annual salaries of those individuals who will be employed or whose employment will be retained can be reasonably expected to result from the proposed described redevelopment or rehabilitation, or from the installation of the new manufacturing equipment. 4. That any other benefits about which information was requested are benefits that can be reasonably expected to result from the proposed redevelopment or rehabilitation, or from the installation of the new manufacturing equipment. 5. That the totality of the benefits is sufficient to justify the deduction. NOW, THEREFORE, be it ordained by the Common Council of the City of Richmond, Indiana, that the following property owner meets the requirements for property tax assessed valuation deductions, including the above findings, as follows: REAL ESTATE — 10 YEARS MacDel, Inc. New Jobs: 0 Jobs Retained: 29 Estimated New Value: $20,000.00 Dated: October 31, 1997 Passed and adopted this day 1997, by the Common Council of the City of Richmond, Indiana. f President ''' ��c•�- (�e>�ert-Bici�-ian) ATTE T: , City Clerk (Norma Schroeder) _ y v� PRESENTED to the Mayor of the City of Richmond, Indiana, this � da 1997, at 9:00 a.m. �'Vv LCity Clerk (Norma chroeder) ROV me, Dennis Andrews, May CC , 1997, at 9:05 a.m. Mayor r ATTE�T� sue•.,, City Clerk (Norma chroeder) day NOV- 4-97 TUE 1:09 PM ROGERS CARTAGE CO ivdv-04-9> 09:18A a �. FAX NO. 13179625797 P. 2 r Mac -Del, Inc. 1655 Rich Road Richmond, IN 47374 ' FORM SH -1A CITY OPRI1iMONA,1NDcIANA ' TAN PA :WKC E AND AENEFTY' INrORMATION •Tkw INWRMATIQN AL-QUFSTED ON THIS SUPPLEMENT TO FARM SB-I MUST BE a bQNiip ,TE ,KWP SUAJ&T M, ALONG WITH YOUR FORM SR-1 IN ORDER TOR YOUR TAX ; 3 �I1ASE Sri APpLIIEATION 7:0 BE CONSIDERED BY RICHMOND COMMON COUNCIL. °PLtAW RETAM YOUR RECORDS A)qD CALM ATIOWS UStD TO ARRIVE. AT THE •;N>r ORMAT.1,00 RPQUESTCD ON THIS FORM_ rr IS SUBIECT TO REVIEW AS A PART OF OUR ': Y. AVF7RACE AOCIRLY WAGE FOR k7S1'rNC EMI'I.OYM `� • •� ; Z. AVMUrE-JV0Uny WACE FOR P)IORC D NEW POSMONS S 3, A`V RAQE HOMY! HEAL'Il-XNSURANCS aFNEFIT Sr 3.17 noNs: . a 1. AWWACiE;HI UAL'y WAGEF4REXISDNGE LOYEES: PDX YOUR- MOST REaiN '.PAV �',�Y, +OD' ?l XASE RROVWF_ TFWA VMtAGL AASC WAGP PAR I10 IFOR ALL G(1kkE'NT PULL Tft4F f4ON-SUPERVYSORY EMPLOYEES. DONOT'INCLUDE lur. FOII.OWING. -B: 7ux*WAGI;NIE;NT; SUMVISORS, FOREMEN Olt ANY OTHER StIPERVISOItY F ?11l SONNEL. C. JOWNM,'STOCKHUJ.DLRS•OR PARTNERS YT TH9Y OWN 2% OR MORE Al THE' RUS04E.SS, ANO)'THMFAMMY MEMBERS. 2. AVERAGI, HOURLY WAGE FOR PROMC;IM NEW POSTiMONS: USE TIM SAME DTVnQTj0N OF EMPLOYEES TO 8E INCLUDED AS IN NUMSRX ONE Al Ol - 3. AVEUIPENOURLY HP-ALIVINSIfRANCE BLNLTrr: FI.EAM PROVTDL• THR C:iIRRL'NT 1:QMhANY' PAlb REAL 'ni INSURANCE RENEFITS PROV ED TO HOURLY MAPWYEES.(AS " nl:�'1rr 19 AnoV�) AND FAMILY t1MBERS. PLEASE EN PREST IN Tire. FORM OF AN HOURT,Y RATE COMPiJrI~D USING TM ANMJAL COST PER EUGIBL•E FWLOYEL DIVID%.n BY 7060 NOUR.& STATEMENT OF BENEFITS State Form 27167 (R4 / 1493) Form SB - 1 is prescribed by the State Bmi Board of Tax Comssioners, 1 8 sale NOV s 1997 INSTRUCTIONS: l cotyTRW-TROLLER 1. This statement must be submitted to the body designating the economic rev�tt��0publicQ+QSt body requires infor- mation from the applicant in making its decision about whether to designate 8A w r nation Area�hr must be submitted to the designating body BEFORE a person installs the new manufacturing equipment, or BEFORE the rede or re a i itation of real property for which the person wishes to claim a deduction. A statement of benefits is not required if the area was designated an ERA prior to July 1, 1987 and the project" was planned and committed to by the applicant, and approved by the designating body, prior to that date. "Projects" planned or committed to after July 1, 1987 and areas designated after July 1, 1987 require a STATEMENT OF BENEFITS. (IC 6-1.1-12.1) 2. Approval of the designating body (City Council, Town Board, County Council, etc.) must be obtained prior to initiation of the redevelopment or rehabilitation, or prior to installation of the new manufacturing equipment, BEFORE a deduction may be approved. 3. To obtain a deduction, Form 322 ERA, Real Estate Improvements and / or Form 322 ERA / PP, New Machinery, must be filed with the county auditor. With respect to real property, Form 322 ERA must be riled by the later of: (1) May 10; or (2) thirty (30) days after a notice of increase in real property assessment is received from the township assessor, Form 322 ERA / PP must be filed between March 1 and May 15 of the assessment year in which new manufac- turing equipment becomes assessable, unless a riling extension has been obtained. A person who obtains a filing extension must file the form between March 1 and June 14 of that year. 4. Property owners whose Statement of Benefits was approved after July 1, 1991 must submit Form CF - 1 annually to show compliance with the Statement of benefits. (iC 6-1.142.1-5. u) Name of taxpayer / 'A("�>t 4 InG Address of taxpayer rstreet and number, city, state and ZIP code) 16 Name of contact person Telephone number Berl vast. �uyr (76.$) 96Z-ssy Name of designating body / /n� ,,// _ Resolution number loAlmrh (^Nnc % u� �/`( (rl D� >�'t Tdm .ln�f nt /U /oy �fv,^F>....� '/AV-7/ Location of prop County Taxiing di trict /� 6» �� lS G a � c /1 !n on �i /,A) 5� .� > �j � G--- /1 CO � � L m �n Description of real property improvements and / or new manufacturing equipment to be acquired (use additional Estimated starting date sheets if necessary) / `' �/ �� 14s� � / ( t t'►rS (�lA 7irl t^�pm /lN,/Ain �pVedcot`it /ga 7 (e - t`-/. r, L A M o N AY !� r r J � Estimated completion date rein*.41, KY, k CY _ f71g5?, , r A6 P -/ re 4 o a NF✓e/?97 SECTION 4 ESTIMATED NOTE: Pursuant to IC 6 1.1-12.1-5.1 (d) (2) theReal COST of the property is confidential TOTAL COST AND VALUE OF PROPOSED PROJECT Estate Improvements Machinery Cost Assessed Value Cost Assessed Value Current values % s Plus estimated values of proposed project z Less values of any property being replaced (� Net estimated values upon completion of project 969,20