The URL can be used to link to this page

Home My Public Portal About083-1996 Tax Abatement Ahaus ToolORDINANCE NO. 83-1.996 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: l . 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: NEW MANUFACTURING EQUIPMENT - 10 YEARS Ahaus Tool & Engineering, Inc. New Jobs: 8 Jobs Retained: 114 Estimated New Value: $1,562,000 Dated: August 27, 1996 Passed and adopted this Z day o :_1996, by the Common Council of the City of Richmond, Indiana. t.z-G Z President (Geneva Allen) ATTEST:. ti�� I& c City Clerk (Norma Sc roeder) r tothe Mayor of the City of Richmond, Indiana, this ��t day of t 1996, at 9:00 a.m. City Clerk (Norma chroeder) APP OVEN n De is Andrews, May( ay o �,1996, at 9:05 ATTEST: s_ L} c_\,'City Clerk (Norma roeder) this Mayor 1 J II11 1_"1 L./, 1 VI UL../1L1 11 J State Form 27167(R3/ It•gI) Form 58 - 1 is presonbed by the State Bono of Tax Commrssloners. 1989 i The records in Ms senes my CONFIODMAL according to IC 6-1.1-1S-9 t-VHt.1 S8 l "ISTRUC T IONS: p(i1 `� S 1 his statement must De suomttred to me body desrgnacng :he economic revrUliZatlon l blr(�e 07 putitrr3 he19 L ces,gnann9 bWy repuues rr _ carton from me applicantin maxing its decision aocut wnemer to designate an Econo wn rzBtion Area. CNerwrse in,$ statement must De sucr..: :c :re cestgnannq copy BEFORE a person :nstalls :ne rew manufac:unnq eeuroment, cr BEFORE the recevetccmenr cr renaodrratiort of rear orcoer-j wale^ Me oerson w/snes :o claim a cecuC•on. A statement of benefits is not recurred it the area was cestgnaied an ERA pncr to July t, 1987 arc - 'Grclec. - was planned ano ccmmrrted to Dy the axvicart. ara approved by me desrgnaorq Cody cror to ma: pate. "P•cle :s' planned or ccmmrrec ,: a ;,:y I, 7937arc areas ceslgnatedafterJuly r• t987re--ulreaSTATEME"ITCF3ENEF1rS. (IC a-1.7-iZtj Corcvat cone ces/gnat,nq Docy (City Ceurct. Town ?card. County Council• etc.) must De obtained pncr :o :rrt,a::cn cf:::e redevelopment or renacrta .= rnstatlattcn of:re new manuta_c%xnq ecurpment. BEFORE a deduction may be approved. ce:a,n a cebucaon. Fcrm 322 ERA. Feat Estate IrrorDvements and r or Form 322 ERA r PP• New Mavvrery. must De tiled with the ccury audrrer �escec::c real creoerny Fcrm 322 ERA r-ust ce filed cy:re later of: (t) may to: or (2) tntrly (30) days arer a notice or increase in teat Drcoerry assess.-= .s rece,vec from the rowrsnto assesscr. Fcrm 322 ERA ; PP must De tiled oetween Marcy r ano May 15 c! :ne assessment year to wnrrll new rrar.;;: _ _ rrq eC_,p.^lent is irs:altea, unless a ...rj, eXrensrcn ras Deen ootarneo. A person wno cctarns a Ming er:enstcn rust .'de :ne form cerween -"lard- t a - .,'-re I s cl trat year. r ccer'y owners wncse Statement of Berefrs was approved after July 1, 199 r must suomr Form CF - I arrually to srcw c cmpLance with the Statemer: : 3ereltts. (ICo-t.I.12.t-5.o) ^.a.-e ct ;axoayer AHAUS TOOL & ENGINEERING, INC. ..cress ct :axoayer (street and numoer, c:J. staff arc ZIP ccce) 200 INDUSTRIAL PARKWAY, RICHMOND, IN 47374 a.-e �r cc-:ac: ; ersen ieieoncne ru oer FREDRIC A. AHAUS (317 )962-3571 ',acne of ces,cna:ln5 oocy IResoiucon nur-oer RICHMOND COMMON COUNCIL crccer:� Ccuny Tax:nc ca:n� 200 INDUSTRIAL PARKWAY, RICHMOND, IN + WAYNE RICHMOND CORPORATION escnc::cn c: reai ::rCoehy :r,prover„ens a:c ; cr new r„a,%-.ac-.unng equiomen::o oe acquuee (use a--mccral � cs r,.atee s:z-zng date s,-ee:s ;l ;:ecessary)CNC MILLING § BORING MACHINE, SURFACE GRINDERS, WIRE EDM, HORIZONTAL BORING MILL, CNC PROGRAMMING SYSTEM, BAND SAW, DRILL PRESS, SEPTEMBER 1996 TOWMOTOR, DUST COLLECTION SYSTEMS, TOOLROOM LATHE, CAD STATIONS, & !==t'rra:=`: r-ciettcr. care COMPUTERS. WE ARE REQUESTING A 10 YEAR ABATEMENT. I SEPTEMBER 1997 7,urrent numoer J Salaries Numoer retained Salaries Numoer aCditionai Salaries 1141 4,260,663 I 114 14,260,663 1 8 280,000 I Cost I Assessed Value I Cost ; Assessed Value Cur7ent va,ues I 1 2,712,790 1 267,711 3!us estimated vaiues o: cr000sed oro;ec- I 1 1,562,000 1 338,433 _ess values of any property being replacec I I 0 1 0 let estimated values upon completion of - ::ec: I 1 4,274,790 i 606,144 SEMM 5 OTHER BENEFRS FROMLSED BY THE TAXFAYEA a - I t'ereoy cemiv mar the representations in this statement are ire. na:u:e o: a_:;�cnzec Tine . Cate signet (mcm/7, day. year) ! ACCOUNTING MANAGER 8/27/96