HomeMy Public PortalAbout19-1988-38 RESOLUTION NO. 1988-38
RESOLUTION APPROVING STATEMENT OF BENEFITS
FOR H.A. PARTS PRODUCTS OF INDIANA CO.
411
WHEREAS, the Common Council of the City of Greencastle on
May 10, 1988, by Resolution No. 1988-23 declared the following
described real estate within the City as an economic
revitalization area under the terms and provisions of I.C.
6-1.1-12.1-2.5:
Tract II: H.A. Parts Products of Indiana Co.
Situate in the State of Indiana, County of Putnam and
being a part of the Northwest quarter, Section 24,
Township 14 North, Range 4 West of the Second Principal
Meridian, more particularly described to-wit:
Commencing at 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 1240; thence with said South
right-of-way line Southeasterly 329.70 feet on a curve
to the right having a radius of 28532.90 feet and
subtended by a long chord bearing South 88 degrees 16
minutes 36 seconds 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 279.11 feet on a curve
to the right having a radius of 28532.90 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 seconds
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; thence North 89 degrees 42 minutes
00 seconds West 1267.27 feet to an iron pint thence
North 01 degree 16 minutes 25 seconds East 670.70 feet
with an established property fence line to the point of
beginning, containing 18.71 acres, more or less.
Subject to all rights-of-way and pertinent easements of
record.
and;
WHEREAS, a copy of said Resolution was published pursuant to
I.C. 5-3-1, and after due publication, a public hearing was held
on June 14, 1988; and
WHEREAS, the Common Council of the City of Greencastle on
June 14, 1988, passed Resolution No. 1988-27, "A Resolution
Confirming A Resolution Declaring an Economic Revitalization Area
passed by the Common Council of the City of Greencastle, Indiana,
on the 10th day of May, 1988".
WHEREAS, pursuant to I.C. 6-1.1-12.1-3, H.A. Parts Products
of Indiana Co. on September 9, 1988, filed its Statement of
Benefits (Form SB-1) , a copy of which is attached hereto as
Exhibit "A"; and
0
1.
WHEREAS,
the
of the
of
Common1-45 City
Greencastle,
pursuant I.C.I,C 6 . 2. . , has reviewed the Statement of
Benefits;
NOW, THEREFORE BE IT RESOLVED by the Common Council of the
City of Greencastle, Indiana, as follows:
1. That the estimate of value of the redevelopment is
reasonable for projects of that nature.
2. That the estimate of the number of individuals who will
be employed can be reasonably expected to result from
the proposed described redevelopment.
3. That the estimate of the annual salaries of those
individuals who will be employed can be reasonably
expected to result from the proposed described
redevelopment.
4. That any other benefits about which information was
requested are benefits that can be reasonably expected
to result from the proposed described redevelopment.
5. That the totality of benefits is sufficient to justify
the deduction.
That the Common Council of the City of Greencastle, Indiana,
further RESOLVES that the deductions pursuant to I.C.
6-1.1-12.1-3 and I.C. 6-1.1-12.1-4.5 for H.A. Parts Products of
Indiana Co. are hereby approved.
PASSED and RESOLVED this 11th day of October, 1988.
COMMON COUNCIL OF THE CITY
OF GREENCASTLE, NA
Z,
s
her ch
dim Conway
Susan V.Murray
Ro ert P. S dl ck
M c ael W. Rokic
q(35 Approved and signed by me this 11th day of October, 1988, at
o'clock, .m.
Michael M. Harmless,
Mayor
ATTEST:
Igir Berry,
-Treasurer
11
2.
/�'^^ uIt STATEMENT OF BENEFITS STATE BOARD OF TAX COMMISSIONERS
1 F State Form 27167(7d7)
\N'e^ Form Sol Is prescribed by the State Board of Tu Commlaelbners(1IB7)
uow
Confidential Statement:The records In mis metes mu CO11FIDEHTIAL according to Indiana Cods 641.1469.
INSTRUCTIONS:(I C.6-1.1.12.11 THIS PAGE TO BE COMPLETED IT APPLICANT
I. This statement must be submitted to Me body designeting the economic revlflllsatlon area BEFORE a person acquires new
manufacturing equipment or begins the redevelopment or rehabilitation of reel property for which the person wishes to claim a
deduction.Effective July 1,1e87.
,.w,. 2. If a pane,'is requesting the deslgnetlon of an economic revlteltsetlonWee.this form must be submitted at the tame UM*the re.
quest Is submitted.
J. Approval of the designating body(City Council,Town Board.County Council,etc.)must be obtained before a deduction may be -
apProved.
4. To obtain a deduction Form 322 ERA,Rail Estate Improvements and/or form 322 ERA/PP.Now Machinery,must be Wed with _
the county auditor.With respect to real property,Form 322 ERA must be flied by the later of(1)May 10 or(2)thirty(b)days alter a
notice of Increase In real property assessment is received from Me township assessor.form 322 ERA/PP must be Iliad between
March 1 and May 15 of Me assessment year In which new manufacturing equipment is Installed,unless a filing extention has
been obtained.A person who obtains a filing erfentlon must Mt Ma form between March I and June 14 of that year.
Name of Designating Body County
I Common Council of the City of Greencastle, Indiana Putnam
Name of Taxpayer
i H.A. PartsProducts of Indiana Company
Address of Taspayer(Slnat,city,county) by Code
2200 S.R. 240 East; Greencastle ; Putnam 46135
( r 12. w v:yu `'SECTION[LOCATION.COST AND DESCRIPTION OF PROPOSED PROJECT< e r",,`"1: '' ��'-
1
!Location of property It different from above Taxing District
Coot and description of reel property Improvements end I or new manufacturing equipment to be acquired:
Property improvements: $ 4,000,000.00 'I
Manufacturing equipment: 12,000,000.00
•
Manufacturing facility for automotive trim
i
Estimated Starting Date �etimate Comp:etlon Date
(Attach additional sheets If needed) 9/12/88 L_ 4/89
r„..., ..,,,,,„-v.k. 24TSECT1ON:U ESTIMATE OF EMPLOYEES AND SALARIES AS RESULT OF PROPOSED PROJECT; 4, ., . �'
Currant Number Salaries Number Retained Salanee Number Additional Salaries
0 0 0 0 209 $3,649,200 .
•
L _ SECTION III ESTIMATE TOTAL COST AND VALUE OF PROPOSED PROJECT
REAL ESTATE IMPROVEMENTS MACHINERY
COST ASSESSED VALUE COST ASSESSED VALUE
Current Values p p p "'. Q—
Plus estimated values of proposed project 4,000,0b0 1,320,000 12,076,000 4,000,000'—
Loss:Values of any property being replaced 0 0 0 0
Net estimated values upon completion of project 4,000,000 1,32-0,000 12,005,000 4,000,000
p, (4, ';' v,,'' SECTION IV OTHER INFORMATION REQUIRED BY THE DESIGNATING BODY' ' . -' r,,,(.4Y • ;,r ,'^
Estimated employment levels are as follows:
7/89 81
7/90 179
•
7/91 209
S Mire*o with Ised Represen J•
K
I hereby earthly that the representations on this statement are true. Michihiro Ito
'Mil- ateo1Slgnatun
Treasurer 9/9/88 TN1p�-ngSJmSQ165
Received this 12th day of Sentemher. 1QAR Q,..„Vi-t-frlPO),A .,r / T,.,I4.t. n........ n1__1. n.____..__..