HomeMy Public PortalAbout13 - 2022-13 - CHIYODA ECONOMIC REVITALIZATION AREA COMMON COUNCIL
CITY OF GREENCASTLE, INDIANA
RESOLUTION NO. 2022 - 13
A RESOLUTION DECLARING AN ECONOMIC REVITALIZATION AREA
IN GREENCASTLE, PUTNAM COUNTY, INDIANA FOR CHIYODA USA
CORPORATION
WHEREAS,the Common Council of the City of Greencastle, Indiana, has determined that
it would be in the best interest of the citizens of Greencastle, Indiana, if such Common Council
defined and declared a certain area within such City as an economic revitalization area; and,
WHEREAS,I.C. 6-1.1-12.1-1 to I.C. 6-1.1-12.1-2.5 defines the procedure for establishing
such an economic revitalization area; and,
WHEREAS, the Common Council desires to make available to persons owning property
in such economic revitalization area the right to a deduction from the assessed value of real
property as defined in I.C. 6-1.1-12.1-3 and a deduction for manufacturing equipment,
logistics/distribution equipment, research and development equipment, and information
technology equipment as defined in I.C. 6-1-1-12.1-4.5.
NOW THEREFORE BE IT RESOLVED by the Common Council of the City of
Greencastle, Indiana, as follows:
1. That this Common Council hereby declares by description the boundaries of the area
to be declared herein to be an economic revitalization area as follows:
Part of the Northwest Quarter of Section 24, Township 14 North Range 4 West of
the Second Principal Meridian, Putnam County, Indiana, described as follows:
Commencing a the Northwest corner of Section 24, Township 14 North Range 4
West; thence South 00 degrees 52 minutes West 90.11 feet with the West line of
said Section 24 to the South right-of-way line of Indiana State Road #240; thence
with said South right-of-way line Southeasterly 329.70 feet on a curve to the right
having a radius of 28,532.90 feet and subtended by a long chord bearing South 88
degrees 16 minutes 36 second East a distance of 329.70 feet to an iron pin and the
TRUE POINT OF BEGINNING of the real estate 'herein described; thence
continuing with said South right-of-way Southeasterly 2/9.11 feet on a curve to the
right having a radius of 28,532.90 feet and subtended by a long chord bearing South
87 degrees 39 minutes 49 seconds East a distance of 279.11 feet to an iron pin;
thence South 87 degrees 23 minutes 00 second East 799.76 feet to a concrete right-
of-way monument; thence South 81 degrees 40.minutes 22 seconds East 50.25 feet
to an iron pin; thence South 87 degrees 23 minutes 00 seconds East 100.00 feet to
an iron pin; thence North 86 degrees 53 minutes 53 seconds East 28.21 feet to an
iron pin; thence leaving the South right-of-way line of the aforesaid Indiana State
Road 240, South 00 degrees 18 minutes 00 seconds West 618.97 feet to an iron pin;
.c
thence North 89 degrees 42 minutes 00 seconds West 1i267.27 feet to an iron pin;
thence North 01 degree 16 minutes 25 seconds East 670.70 feet with an established
property fence line to the Point of Beginning.
AND, Part of the Northwest Quarter of Section 24, Township 14 North Range 4
West of the Second Principal Meridian, Putnam County, Indiana, described as
follows:
Commencing a the Northwest corner of Section 24, Township 14 North Range 4
West; thence South 00 degrees 52 minutes West 90.11 feet with the West line of
said Section 24 to the South right-of-way line of Indiana State Road #240; thence
with said South right-of-way line Southeasterly 329.70 feet on a curve to the right
having a radius of 28,532.90 feet and subtended by a long chord bearing South 88
degrees 16 minutes 36 second East a distance of 329.70 feet; thence leaving said
South right-of-way line South 01 degrees 16 minutes 25 seconds West 670.70 feet
with an established property line fence to an iron pin marking the Southwest corner
of an 18.71 acre tract and the POINT OF BEGINNING of the real estate herein
described; thence South 89 degrees 42 minutes 00 seconds East 1,267.27 feet to an
iron pin marking the Southeast corner of said 18.71 acre tract; thence South 00
degrees 18 minutes 00 seconds West 314.99 feet; thence North 89 degrees 42
minutes 00 seconds West 1,272.62 feet; thence North 01 degrees 16 minutes 25
seconds East 315.03 feet with an established property line fence to the Point of
Beginning. (Summarized from DR: 2005006785)
AND, Situate in the State of Indiana, County of Putnam and being a part of the
Northwest quarter of Section 24, Township 14 North, Range 4 West of the Second
Principal Meridian, more particularly described to-wit:
Commencing at an iron pin marking the Northwest corner of Section 24, Township
14 North, Range 4 West; thence South 00 degrees 52 minutes West 90.11 feet with
the West line of said Section 24 to the South right-of-way line of Indiana State Road
240; thence with said South right-of-way line Southeasterly 329.70 feet on a curve
to the right having a radius of 28,532.90 feet and subtended by a long chord bearing
South 88 degrees 16 minutes 36 seconds East, a distance of 329.70 feet; thence
leaving said South right-of-way line South 01 degree 16 minutes 25 seconds West
985.73 feet to the POINT OF BEGINNING of the real estate herein described;
thence South 89 degrees 42 minutes 00 seconds East 1,272.62 feet;thence South 00
degrees 18 minutes 00 seconds West 376.24 feet; thence North 89 degrees 55
minutes 01 seconds West 1,279.11 feet; thence North 01 degree 16 minutes 25
seconds East 381.15 feet to the point of beginning containing 11.09 acres of land,
more or less and subject to any easements, rights-of-way, and restrictions of record.
(DR: 2015003477) Approximately 38.98 acres.
Subject to all rights-of-way and pertinent easements of record.
2. That the above described real estate is deemed by the Common Council of the City of
Greencastle to be an economic revitalization area within the corporate limits of the City of
Greencastle, Putnam County, Indiana,which has become obsolete and not lending itself to normal
s
I,
development because of the availability of other development round within the City which is
qualified for tax abatement and because of a cessation or lack of growth in the general area which
is anticipated to lead to the deterioration of the area and continued stagnation of employment
within the City of Greencastle if said area is not utilized as an area to promote industrial expansion
for the City of Greencastle.
3. That in order to be competitive in attracting new industrial prospects to the City of
Greencastle, Indiana, and new investment by existing industry, it is imperative that such City
offer to prospective new industries locating in and existing industries investing in the above-
described area up to the maximum tax abatement as allowed by law.
4. That the Common Council now RESOLVES that the above-designated area shall be
declared an economic revitalization area under the terms and provisions of I.C. 6-1.1-12.1-2.5.
5. That this Resolution shall be published pursuant to the provisions of I.C. 5-3-1 and a
copy of this Resolution shall be provided to the Putnam County Assessor's Office for inspection
therein.
6. That after due publication, a public hearing shall be held at the time set forth in the
public notice notifying of the passage of this Resolution at which time,this Common Council shall
receive and hear all remonstrances and objections;determine whether or not the qualifications for
an economic revitalization area have been met; and take final action upon this Resolution.
PASSED AND RESOLVED by the Common Council of the City of Greencastle at its
regular meeting this 7th day of July 2022.
COMMON COUNCIL OF THE CITY OF ' ENCASTLE, INDIANA
Ad Cohen Cody A ert
/ ,
Hammer - tacie L. •;_don
A
id Murrray , Veronicr�vAr��
Darrel Thomas
Approved and signed by me this 7th day of July 2022 at 7 :$l p.m. o'clock.
-.:-///4-.,a )
ATTES : , ei(2 William A. Dory, Jr., Mayor
Lyn R. Dunbar, Clerk-Treasurer
;„ STATEMENT OF BENEFITS FORM SB-1 /PP
1- , PERSONAL PROPERTY
_' State Form 51764(R5 I 1-21) PRIVACY NOTICE
°+ ,�� Prescribed by the Department of Local Government Finance
Any information concerning the cost
of the property and specific salaries paid
to individual employees by the property
owner is confidential per IC 6-1.1-12.1-5.1.
INSTRUCTIONS:
1. This statement must be submitted to the body designating the Economic Revitalization Area prior to the public hearing if the designating body requires
information from the applicant in making its decision about whether to designate an Economic Revitalization Area. Otherwise this statement must be
submitted to the designating body BEFORE a person installs the new manufacturing equipment and/or research and development equipment,and/or
logistical distribution equipment and/or information technology equipment for which the person wishes to claim a deduction.
2. The statement of benefits form must be submitted to the designating body and the area designated an economic revitalization area before the installation of
qualifying abatable equipment for which the person desires to claim a deduction.
3. To obtain a deduction,a person must file a certified deduction schedule with the person's personal property return on a certified deduction schedule
(Form 103-ERA)with the township assessor of the township where the property is situated or with the county assessor if there is no township assessor for
the township. The 103-ERA must be filed between January 1 and May 15 of the assessment year in which new manufacturing equipment and/or research
and development equipment and/or logistical distribution equipment and/or information technology equipment is installed and fully functional,unless a filing
extension has been obtained. A person who obtains a filing extension must file the form between January 1 and the extended due date of that year.
4. Property owners whose Statement of Benefits was approved,must submit Form CF-1/PP annually to show compliance with the Statement of Benefits.
(IC 6-1.1-12.1-5.6)
5. For a Form SB-1/PP that is approved after June 30,2013,the designating body is required to establish an abatement schedule for each deduction allowed.
Fora Form SB-1/PP that is approved prior to July 1,2013,the abatement schedule approved by the designating body remains in effect. (IC 6-1.1-12.1-17)
SECTION 1 TAXPAYER INFORMATION
Name of taxpayer Name of contact person
Chiyoda USA Corporation Tiffany Friars
Address of taxpayer(number and street,city,slate,and ZIP code) Telephone number
2200 State Road 240 East, Greencastle, IN 46135 ( 765 ) 653-9098
SECTION 2 LOCATION AND DESCRIPTION OF PROPOSED PROJECT
Name of designating body Resolution number(s)
Greencastle Common Council
Location of property County DLGF taxing district number
2200 State Road 240 East, Greencastle, IN 46135 Putnam 67008
Description of manufacturing equipment and/or research and development equipment ESTIMATED
and/or logistical distribution equipment and/or information technology equipment. START DATE COMPLETION DATE
(Use additional sheets if necessary.
Spare conveyor chain section for Blg 7 paint line. Chiller piping project in Bldg Manufacturing Equipment 04/01/2022 02/28/2023
1 and 2. New CH2 product launch and QA automation for production lines in
multiple buildings. Auto dock locks for mulitple buildings.Additional software R&D Equipment
to help our processes to increase efficiency. Increase the printers and HMI Logist Dist Equipment 01/01/2022 12/31/2022
screens needed to use CMS Production Manager at all
presses/assembly/paint. IT Equipment 01/01/2022 12/31/2022
SECTION 3 ESTIMATE OF EMPLOYEES AND SALARIES AS RESULT OF PROPOSED PROJECT
Current Number Salaries Number Retained Salaries Number Additional Salaries
260 11,435,536 260 11,435,536 0 0
SECTION 4 ESTIMATED TOTAL COST AND VALUE OF PROPOSED PROJECT
NOTE:Pursuant to IC 6-1.1-12.1-5.1 (d)(2)the MANUFACTURING R&D EQUIPMENT LOGIST DIST IT EQUIPMENT
EQUIPMENT EQUIPMENT
COST of the property is confidential. COST COST COST ASSESSED ASSESSED ASSESSED ASSESSED
COST VALUE VALUE VALUE VALUE
Current values
+
Plus estimated values of proposed project 2,416,042 75,000 201,869
Less values of any property being replaced
Net estimated values upon completion of project 2.416.042 75,000 201,869
SECTION 5 WASTE CONVERTED AND OTHER BENEFITS PROMISED BY THE TAXPAYER
Estimated solid waste converted(pounds) Estimated hazardous waste converted(pounds)
Other benefits:
SECTION 6 TAXPAYER CERTIFICATION
I hereby certify th, 1- representations in this statement are true.
Signature.f aut ntative Date si ed(month,day,year)
Printed n of honzc�b resentative Title
ce-,„/ ac,,A,4.. Aefiaor.ar- 4'600
Page 1 of 2
PERSONAL PROPERTY TAX ABATEMENT WORKSHEET
DATE: 8/11/2022
FIRM: Chiyoda USA Corporation FILE: Chiyoda 2022 Personal Worksheet
PROJECT: NEW MANUFACTURING EQUIPMENT INVESTMENT
ABATEMENT PERIOD: 10 YEARS MAP NUMBER:
PP TAX NUMBER:
VALUE OF EQUIPMENT-EXISTING: $0 TAXING DISTRICT: Greencastle-2022 pay 2023 with tax caps of 3%
VALUE OF EQUIPMENT-NEW: $2,693,000 RESOLUTIONS:
YEAR EQUIPMENT A COST POOL 2 GROSS PERCENT ABATED NET TAX ANNUAL
OLD NEW ASSESSED ABATED VALUE ASSESSED RATE TAXES
_NO ABATE !ABATED VALUE _ VALUE _ _
1 0 2,693,000 40% 1,077,200 100% 1,077,200 0 $3.0000 $0
2 0 2,693,000 56% 1,508,080 90% 1,357,272 150,808_ $3.0000 $4,524
•
3 0 2,693,000_ 42% 1,131,060 80% 904,848 226,212 $3.0000 $6,786
4 0 2,693,000 32% 861,760 70%, 603,232 258,528 $3.0000 $7,756
5 0 2,693,000 30% 807,900 60% 484,740 323,160 $3.0000 $9,695
6 0 2,693,000 30% 807,900 50% 403,950 403,950 $3.0000 $12,119_
7 0 2,693,000 30% 807,900 40% 323,160 484,740 $3.0000 514,542
8 0 2,693,000 30% 807,900 30% 242,370 565,530� $3.0000 $16,966
9 0 2,693,000 30% 807,900 20% 161,580 646,320 $3.0000 $19,390
10 0 2,693,000 30% 807,900 10% 80,790 727,110 _ $3.0000 $21,813
TOTAL TAXES OVER 10 YEARS: $113,591
PROJECTION FOR 10 YEAR PERIOD: TOTAL TAXES OVER 10 YEARS WITHOUT ABATEMENT: $282,765
TAX SAVINGS OVER 10 YEARS: $169,174
TOTAL TAXES OVER ABATEMENT PERIOD: $113,591
PROJECTION FOR ABATEMENT PERIOD OF 10 YEARS: TOTAL TAXES OVER PERIOD WITHOUT ABATEMENT: $282,765
TAX SAVINGS OVER ABATEMENT PERIOD: $169,174
'FORMULAS: TRUE TAX VALUE=COST x DEPRECIATED%
TAXES= NET TRUE TAX VALUE x 100%x NET TAX RATE
Note: Tax rate is per$100 of tax value.
ABATED VALUE=COST x YEAR X DEPRECIATED%x YEAR X ANNUAL ABATEMENT%
Chiyoda USA Corporation
PROPERTY TAX PAYMENT HISTORY
Land& Personal Annual
Improvements Property Total
2006 Pay 2007 $159,328.14 $8,203.96 $167,532.10
2007 Pay 2008 $145,971.28 $14,458.64 $160,429.92
2008 Pay 2009 $160,304.64 $13,592.32 $173,896.96
2009 Pay 2010 $136,693.30 $14,110.12 $150,803.42
2010 Pay 2011 $137,484.73 $16,259.92 $153,744.65
2011 Pay 2012 $133,361.88 $17,643.00 $151,004.88
2012 Pay 2013 $155,565.64 $17,924.81 $173,490.45
2013 Pay 2014 $135,555.46 $19,374.08 $154,929.54
2014 Pay 2015 $111,546.86 $27,075.68 $138,622.54
2015 Pay 2016 $122,072.44 $56,761.56 $178,834.00
2016 Pay 2017 $112,918.30 $76,261.24 $189,179.54
2017 Pay 2018 $138,447.42 $99,620.44 $238,067.86
2018 Pay 2019 $163,370.20 $145,978.52 5309,348.72
2019 Pay 2020 $192,261.98 $164,115.06 $356,377.04
2020 Pay 2021 $216,762.30 $162,538.12 $379,300.42
2021 Pay 2022 $239,438.38 $175,557.24 $414,995.62 $207,497.81 paid to date
TOTAL TAXES PAID TO DATE: $3,490,557.66
The table above does not include residential property owned by the corporation.
Updated: August 8, 2022
File: Chiyoda Tax History
Number of Number of
Full Time Temporary County County
County City Zip Code Employees Employees Totals of Total
Putnam Bainbridge 46105 2 1 173 66.5
Cloverdale 46120 15 4
Coatsville 46121 4 1
Fillmore 46128 3
Greencastle 46135 77 59
Reelsville 46171 2 1
Roachdale 46172 1 1
Russellvile 46175 2
Clay Brazil 47834 18 8 37 14.2
Carbon 47837
Knightsville 47857 1
Poland 47868 5 5
Greene Linton 47441 1 1 0.4
Hendricks Plainfield 46168 3 1.2
Clayton 46118 2 1
Marion Indianapolis 462XX 5 5 1.9
Montgomery Crawfordsville 47933
Ladoga 47954 2
Morgan Martinsville 46151 1 1 3 1.2
Moorseville 46158 1
Monrovia 46157
Owen Freedom 47431 1 14 5.4
Gosport 47433 3 4
Quincy 47456 2 2
Spencer 47460 2
Parke Bridgeton 1 4 1.5
Rockville 47872 2 1
Sulllivan Farmersburg 2 2 0.8
Vigo Terre Haute 478XX 16 2 18 6.9
TOTAL: 166 1 96 260 100
Chiyoda USA Corporation
2021 Training Grant Agreement Compliance
• Chiyoda estimates 180 employees received training In 2021,
• The types of training received by employees in 2021 include:
o 2021 Indiana Safety&Health Conference
o Wage Surveys assessments for HR to help better assess
o Mitsubishi machines for Mold Techs
o Injection Machine training
o Paycom associate training
o SHRM certicatlon for Human Resources
o Ivy Tech schooling for HR class to continue education
o Forklift Safety: 'i'raining the Trainer
o Heating&Cooling units for Building 7
o First Aid,CPR,AED,&BBP Certification training
o RCRAIDOT Training
o Quality Assurance Manufacturing convention
o Environmental permitting&reporting
o Safety Leadership principles
o Human Resources Conference
o Air Compressor training so for PM's
• The total estimated investment in training in 2021 was$20,99 B.00.
• The community organizations and projects supported by Chlyoda's charitable and philanthropic outreach efforts Include:
o Greencastle Fire House—Annual Open House
o Greencastle Investment cr Development Center
o Putnam County FOP#92(shop with a cop program)
o Ramsey Education for GHS in Foundations in Personal Finance
o Beyond Homeless
o Quail Forever West Central Indiana Chapter 3183
o Putnam CERT-PPE items such as Face Masks,Hand Sanitlzer,Face Shields&10195 Masks
o Donated cookout food and supplies to 2 area organizations: Council on Domestic Abuse and Beyond Homeless Inc
o Donated turkeys to community at Thanksgiving
o Donated PPE to Greencastle Fire Dept
o Donated PPE to Greencastle Police Dept
o Donated vehicle shells toGreencastle Fire Dept for rescue exercises
Chiyoda USA Corporation
Community Projects and Donations
Greencastle Fire Department— Annual Open house
Greencastle/Putnam County Economic Development
Putnam County Shop with a Cop
Greencastle Police Department
Law Publications Sponsor
Putnam County CERT
Putnam County Museum
Purchased Financial Education Curriculum for Greencastle High School
through Ramsey Education
Partnered with PCCS for light assembly work
PCCS Greenlight Art Studio
Beyond Homeless
Council on Domestic Abuse
Quail Forever West Central Indiana chapter
Donated vehicle shells to Greencastle Fire Department for rescue exercises
Donated PPE to Greencastle Fire Department
Donated PPE to Greencastle Police Department
Donated PPE to Putnam County CERT
Sponsored food drive
Donated turkeys to community at Thanksgiving