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Home My Public Portal About06 - 2022-6 - SUNRISE PROPERTIES ECONOMIC REVITALIZATION AREA COMMON COUNCIL CITY OF GREENCASTLE,INDIANA RESOLUTION NO. 2022 - 6 A RESOLUTION DECLARING AN ECONOMIC REVITALIZATION AREA IN GREENCASTLE, PUTNAM COUNTY, INDIANA FOR GREENCASTLE SUNRISE PROPERTIES 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 Southeast Quarter of the Southwest Quarter of Section 14, Township 14 North, Range 4 West of the Second Principal Meridian in Putnam County, Indiana, more particularly described as follows: Beginning at a point on the South line of the aforesaid Section 14 that is 1748.28 feet from East of the Southwest Corner of the Southwest Quarter of said Section 14; thence East on said South line 341.52 feet to the North right-of-way line of the Pennsylvania Railroad; thence North 62 degrees 27 minutes East with said North right-of-way line 735.05 feet to the East line of the Southwest Quarter of said Section 14; thence North 0 degrees 36 minutes 11 seconds West with said East line 388.70 feet to a point; thence leaving said East line West parallel to the South line of said Section 14, 996.72 feet to a point; thence South 0 degrees 36 minutes 11 seconds East parallel to the East line of the Southwest Quarter of said Section 14,728.68 feet to the point of beginning, containing 14.115 acres, more or less. EXCEPT, The following described real estate now occupied as a right-of-way for State Road 240; Part of the Southwest Quarter of the Southwest Quarter of Section 14, Township 14 North, Range 4 West of the Second Principal Meridian in Putnam County, Indiana,more particularly described as follows: Beginning at a point on the South line of the said Section, which said point bears North 90 degrees 00 minutes 00 seconds East(assuming bearing) 1748.28 feet from the Southwest Corner of the Southwest Quarter of said Section 14, thence North 00 degrees 34 minutes 11 seconds West 63.99 feet, parallel with the East line of the said Southwest Quarter of Section 14, to the North line of State Road 240 as conveyed to the State of Indiana and recorded in Right of Way Book 1,page 122, in the office of the Recorder of Putnam County, Indiana (the next three courses are along the said North line of State Road 240); (1)thence North 89 degrees 48 minutes 08 seconds East 29.42 feet; (2)thence North 82 degrees 12 minutes 28 seconds East 151.33 feet; (3) thence North 89 degrees 48 minutes 08 seconds East 327.15 feet to the Northerly line of the former Pennsylvania Railroad right-of-way; thence South 62 degrees 27 minutes 00 seconds West 185.36 feet along said Northerly right-of- way line to the South line of said Section 14; thence South 90 degrees 00 minutes 00 seconds West 341.52 feet along the said South line to the point of beginning, containing 0.777 acres, more or less. 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 development because of the availability of other development ground 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. f PASSED AND RESOLVED by the Common Council of the City of Greencastle at its regular meeting this 7th day of July 2022. OwM MOONN COUNCIL OF THE CITY OF GREENCASTLE, INDIANA EA-<- Adam Cohen Cody Ec 4-/k illf?S'44v"-"(-1-1 Mar N. Hammer acre L don M D v. Murray Ver ejr ‘,.,)/CpaNak,_ \\-IYANDLiSL Darrel Thomas Approved and signed by me this 7th day of July 2022 at 1,Zo p.m. o'clock. c— William A. Dory, Mayor ATTEST: /f,y da R. Dunbar, Clerk-Treasurer d~"'R,t►.• STATEMENT OF BENEFITS 20 PAY 20 a ` REAL ESTATE IMPROVEMENTS State Form 51767(R6/10-14) FORM SBA/Real Property Prescribed by the Department of Local Government Finance PRIVACY NOTICE This statement is being completed for real property that qualifies under the following Indiana Code(check one box): Any information concerning the cost Ir Redevelopment or rehabilitation of real estate improvements(IC 6-1.1-12.1-4) of id to property al a specific salaries ties paid individual employees by the ❑Residentially distressed area(IC 6-1.1-12.1-4.1) 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 the redevelopment or rehabilitation of real property 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 initiation of the redevelopment or rehabilitation for which the person desires to claim a deduction. 3. To obtain a deduction,a Form 322/RE must be filed with the County Auditor before May 10 in the year in which the addition to assessed valuation is made or not later than thirty(30)days after the assessment notice is mailed to the property owner if it was mailed after April 10. A property owner who failed to file a deduction application within the prescribed deadline may file an application between March 1 and May 10 of a subsequent year. 4. A property owner who files for the deduction must provide the County Auditor and designating body with a Form CF-1/Real Property. The Form CF-1/Real Property should be attached to the Form 322/RE when the deduction is first claimed and then updated annually for each year the deduction is applicable. IC 6-1.1-12.1-5.1(b) 5. For a Form SB-1/Real Property that is approved after June 30, 2013, the designating body is required to establish an abatement schedule for each deduction allowed. For a Form SB-1/Real Property 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 Sunrise Properties I, L L C Address of taxpayer(number and street,city,state,and ZIP code) 496 S Co Rd 100 E Name of contact person Telephone number E-mail address John R Zeiner ( 765 ) 721 0015 jzeiner@sazlaw.net SECTION 2 LOCATION AND DESCRIPTION OF PROPOSED PROJECT Name of designating body Resolution number Location of property County DLGF taxing district number 1701 Indianapolis Rd, Greencastle, IN 46135 Putnam Description of real property improvements,redevelopment,or rehabilitation(use additional sheets if necessary) Estimated start date(month,day,year) Warehouse&Storage Complex-new Construction 10/1/2022 Estimated completion date(month,day,year) 4/1/2023 SECTION 3 ESTIMATE OF EMPLOYEES AND SALARIES AS RESULT OF PROPOSED PROJECT Current number Salaries Number retained Salaries Number additional Salaries SECTION 4 ESTIMATED TOTAL COST AND VALUE OF PROPOSED PROJECT REAL ESTATE IMPROVEMENTS COST ASSESSED VALUE Current values Plus estimated values of proposed project 2,750,000.00 Less values of any property being replaced Net estimated values upon completion of project 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 that the representations in this statement are true. Signature of authorized representative Date signed(month,day,year) Printed name of authorized representative Title John R Zeiner Ast. Mgr Page 1 of 2