HomeMy Public PortalAbout1995-14" R E S O L U T I O N N O . 1 9 9 5 - 1 4
A R E S O L U T I O N A F F I R M I N G H . A . P A R T S P R O D U C T S
O F I N D I A N A C O . ( H A P P I C O )
C O M P L I A N C E W I T H
S T A T E M E N T O F B E N E F I T S
W H E R E A S , T h e H . A . P a r t s P r o d u c t s o f I n d i a n a C o . ( H A P P I C O ) ,
h a s h e r e t o f o r e b e e n g r a n t e d c e r t a i n t o a b a t e m e n t i n c o n s i d e r a t i o n
o f c e r t a i n b e n e f i t s f o r t h e C i t y o f G r e e n c a s t l e ; a n d ,
W H E R E A S s a i d c o m p a n y h a s s u b m i t t e d F o r m C F - 1 a s o f M a y 2 6 ,
1 9 9 5 ; a n d ,
W H E R E A S t h e G r e e n c a s t l e C o m m o n C o u n c i l h a s r e v i e w e d t h e C F - 1
f o r m , a c o p y o f w h i c h i s a t t a c h e d h e r e t o , a n d h a s f o u n d c o m p l i a n c e
w i t h t h e S t a t e m e n t o f B e n e f i t s a s a p p r o v e d b y t h e G r e e n c a s t l e
C o m m o n C o u n c i l ;
N O W T H E R E F O R E B E I T R E S O L V E D b y t h e C o m m o n . C o u n c i l o f t h e C i t y
o f G r e e n c a s t l e , P u t n a m C o u n t v , I n d i a n a , a p p r o v e t h e c o m p l i a n c e w i t h
t h e S t a t e m e n t o f B e n e f i t s f i l e d b y H . A . P a r t s P r o d u c t s o f I n d i a n a
C o . ( H A P P I C O ) , a n I n d i a n a C o m p a n y a s s u b m i t t e d .
B E I T F U R T H E R R E S O L V E D t h a t t h e R e s o l u t i o n o f t h e G r e e n c a s t l e
C o m m o n C o u n c i l b e m a d e o f r e c o r d a n d f i l e d a l o n e w i t h t h e C F - 1 w i t h
" t h e P u t n a m C o u n t y A u d i t o r .
P A S S E D A N D R E S O L V E D b y t h e C o m m o n C o u n c i l o f t h e C i t y o f
G r e e n c a s t l e a t i t s r e g u l a r m e e t i n g t h i s 1 1 t h d a y o f J u l y , 1 9 9 5 .
��7 C O M M O N C O U N C I L O F T H E C I T Y O F G R E E N C A S T I N D I A N
h �� � ��
T h o m a s W . R o a c h S u s a n V . M u r r a y L ��
J e r a l d D . . , C a l b e r t M i c h a e l : 4 . R o k i c k i
C h a r i e s I ' . N i n e s
A p p r o v e d a n d s i g n e d b y m e t h i s 1 1 t h d a y o r J u l 1 9 9 a t q - t o
o ' c l o c k p . m .
M i c h a e l M . H a r m l e s s , M a y o r
A T T E S T :
" D o n a l d L . W e a v e r , C l e r k - T r e a s u r e r
g r / b / r e e 9 5 . 1 4
°.� COMPLIANCE WITH STATEMENT OF BENEFITS ���` FORM
State Form "973 (R / 10.93)) /L t'atJn,�r/ , KR� �2.}✓ ✓ CF -1
Prescribed try ate State Board of Tax Commissioners, 1991
t\
w �7 JNlyq�
NSTRUC77ONS.. 1. Property owners whose Statement of Senelits was approved alter July 1, 1991 must file this fo with the County Auditor and the
local oesignating Body to snow :he extent to wtuan there has been compliance with the Statement of Benefits. (This does not aociy to
property located in a residentially distressed area). (IC
2. If the deduction applies to Real Estate and Improvements. then this form must be filed with the initial deduction application and then
annually within sixty (60) days attar the and of each year in which the deduction is applicable.
3. For New Manufacturing Equipment this form must be filed with Form 322 ERA/PP between March 1 and May 15 of each year, unless
a filing extension under IC 6- 1.1.3.7 has been granted. A person who obtains a filing extension must file between March 1 and June 1
of each year.
Name of taxpayer
H. A. Parts Products of Indiana Co. (4APPICO) j
Address at taxpayer (street and number, city, state and ZIP code) !
2200 SH 240 cast, Greencastle, IN a6135
Name at contact oerson Teiebnone number
Mike Burns f 317 ) 653 -2000
:Name of aesignating body Resolution number
C o m mon Council of the City of Greencastle 1 1992 -1
Location at orooem County 1 Taxing cislnct
2200 S K 240 cast, Greencastle Putnam Greencastle
uescn000n of real orooem imorovements and/or new manuiactunng equipment to oe acduired
injection molding machines, extrusion lines, and other eaUioment
automotive :rim
Estimated starting cate
i r
mated comoleucn sate
1/92
`l o f em
Salaries
'lumber at additional
Salanes
1 = — -
Values "wore dialect:
Cori
Assessed Value
Cori I Assessed Value
?!us: values at or000sed d
Lass: Values of anv property being replaced
Net values uoon completion of oroleci
- -
`:awes beforeorolect
Cacti
1 18,08 ,996
!
i Assessed Value
1 3,d2 /, 9U
Cpri 1 Assessed Value
j i9 T I 1,$?
Plus: values of proposed project
1 9.000.000
1 1,950,000 1
9,483,926 , / 38 > / 2 1
Less: '/allies of any orooerty being replaced
j
Net values upon completion of project
1 -
1 5,777,790 1
1CTE: The COST of the property is confidential oursuant
to IC 6- 1.1- 12.1 -5.6 (d).
S�gr.ature of autnonzed representative Title (Date signed (mo.. day. yr.)
I hereby certify that the reoresemations in this statement are true.
INSTRUCTIONS: (IC6. 1.142.1 -5.9) 0
1. Within forty-live (45) days alter receipt of this form, the designating body may determine whether or not the property owner has substantially complied with
the Statement of Benefits.
2. If the property owner is found NOT to be in substantial compliance. the designating body shall send the property owner written notice. The notice must in-
clude the reasons for the determination and the date. time and place of a hearing to be conducted by the desynating oody. If a notice is malted to a prop.
any owner for new manufacturing equipment, a copy of the written notice snail be sent to the State Board of tax Commissioners.
J. Based an the information preeenled at the hearing, the designating body shall determine whether or not the property owner has made reasonable effort to
sudstanliatly comply with the Jtarement of Benefits.
J , If the designating body determines than the property owner has NOT made reasonable effort to comply, then the designating body shall adopt a resolution
terminating the deduction. fie designating body snail immediately mail a certified copy of the resolution to: (1) the arooeny owner. (2) the Cdunty Auditor:
and (3) the State Board of Tax Commissioners.
'Ne nave reviewed the CF -1 and find that:
X ;ne orooeny owner IS in substantial comoliance
:he orcoeny owner IS NOT in substantial comoliance
_ other (SDKnv)
:or:ne celerminauon (attach
sneers ;t necessary)
pay. yeari
Attested by:
000
if the orcoery owner is found not to be in substantial comoliance, the orooery owner snail receive the c000rtunity for a hearing. The
;ollowing date and t h as be set aside for t pu o conslbenno comol
ime of hearing Date of hearing Location of heanng
GAM EPM
HEARING RESULTS (tb be pdmp/eted after the hxrindl
U Aoproveb lI Denied (see instruction 4 above)
Reasons for determination (arlactr additional sneers it necessary)
or aumonzep memoer
Mi
imomn. day, year)
APPEAL RIGHTS [IC 6.1.1- 121.6.9(ell
' A prcoery owner Nnose deduction is oented by :he designating body may aooeal the designating body's cession by filing a complaint
in the ottice of the Circuit or Superior Court together with a bond conditioned to pay the costs of the appeal if the appeal is determined
against the orooerty owner.
RECE14
® NADIE: H.A. Part Products of Indiana, Inc. I.D. NUMBER: 38- 2784741
d/b /a HAPPICO
ADDRESS: 2200 State Road 240 East TOWNSHIP: Greencastle - City
Greencastle, IN 46135
COUNTY: Putnam
STATEMENT CONCERNING APPLICATION FOR
EX'T'ENSION OF TIME TO FILE
INDIANA BUSINESS TANGIBLE PERSONAL PROPERTY TAX RETURN
The taxpayer identified above is obtaining information needed or the completion of Business
Tangible Personal Property Tax Returns, Forms 103 and 104. A 30 -day extension of time to ale
is hereby requested, resulting in an extended due date of June 14, 1995. Please return the
approved extension in the pre -paid envelope enclosed herewith.
L
Signature of Officer "or .Agent Date
Coopers & Lybrand
2900 One American Square- Box 82002
Indianapolis, IN 46282 -0002
13- 5218870
(317) 639 -4161
J
Extension Approved to June 14, 1995 b = «
Date - 7 7 '' I >
0
CI
HAPPICO
March 1, 1995
Property Tax Abatement
Compliance With Statement of Benefits
Total Depreciable Assets
Less: 3/1/95 Additions
Less: 3/1/94 Additions
Less: 3/1/93 Equipment Covered
by Statement of Benefits
Remaining M &E
e
0
Cost
35,641,508
(1,497,285)
(2,785)
(4,723,905)
(80,411)
(28,002)
(538,219)
True Tax
Value
13,393,675
(449,186)
(1,114)
(1,889,562)
(2,412)
(16,017)
(322,931)
Assessed
Value
4,464,560
(149,730)
(370)
(629,850)
(800)
(5,340)
(107,640)
(9,483,926) (5,216,159) (1.738,720)
19,286,375 5,496,294 1,332,110
05/18/95