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Home My Public Portal About04-1990-4 RESOLUTION NO. 1990-4 RESOLUTION APPROVING STATEMENT OF BENEFITS FOR HEARTLAND AUTOMOTIVE, INC. WHEREAS, the Common Council of the City of Greencastle on January 26, 1988, by Resolution No. 1988-4 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- 12.1-1.5: A part of the East half of the North East quarter of Section 22, Township 14 North, Range 4 West of the Second Principal Meridian in Putnam County, State of Indiana, more particularly described, to- wit: Beginning at a point of the East line of the North East quarter of Section 22, Township 14 North, Range 4 West, which point is North 0 degrees 04 minutes West 618.02 feet of the South East corner of the aforesaid Northeast quarter; thence South 89 degrees 56 minutes West 600.00 feet; thence North 0 degrees 04 minutes West 543.05 feet to the South right-of-way line of the Penn-Central Railroad; thence North 62 degrees 50 minutes East 347.55 feet with said South right-of- way line; thence South 0 degrees 04 minutes East 150.00 feet; thence North 62 degrees 50 minutes East 326.40 feet to the East line of said Section 22; thence South 0 degrees 04 minutes East 700.00 feet to the point of beginning, containing 8.593 acres, more or less. ALSO, part of the Northeast Quarter of Section 22, Township 14 North, Range 4 West, described as follows: Beginning at a point on the East line of said quarter, which is 19.97 chains North of the Southeast corner thereof; thence North 150 feet to the South right of way line of the Pennsylvania Railroad; thence along said right of way line South 62-5/6 degrees West 326.4 feet; thence South 150 feet; thence North 62-5/6 degrees East 326.4 feet to the place of beginning, containing 1 acre, more or less. Containing in all 9.593 acres, more or less. and WHEREAS, a copy of said Resolution was published to I.C. 5- 3-1, and after due publication, a public hearing was held on March 8, 1988; and WHEREAS, the Common Council of the City of Greencastle on March 8, 1988, passed Resolution No. 1988-10, "A Resolution Confirming A Resolution Declaring an Economic Revitalization Area 1. passed by the Common Council of the City of Greencastle, Indiana, 410 on the 26th day of January, 1988". WHEREAS, pursuant to I.C. 6-1.1-12.1-4.5, Heartland Automotive, Inc. on February 24, 1988, filed its Statement of Benefits (Form SB-1) , a copy of which is attached hereto as Exhibit "A"; and WHEREAS, the Common Council of the City of Greencastle, pursuant to I.C. 6-1.1-12.1-4.5, 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 the 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 Heartland Automotive, Inc. are hereby approved. PASSED and RESOLVED this 10th day of April, 1990. COMMON COUNCIL OF THE CITY , OF GREENCASTLE, INDIAN Sheri Z. Roach ++trim Conway V > -/ Susan V. Murray Rob ft P. Sedack tiff/ /�J21/ �'A�(k Mi hael W. Rokicki 2. Approved and signed by me this 10th day of April, 1990, at o'clock, ?m. OMN /‘- Michael . Harmless Mayor ATTEST:-1",/(-(1,11 P i_L at. 6 J d th Berry, C e k-Treasurer SYNOPSIS The Common Council approved the Statement of Benefits for Heartland Automotive, Inc. , on March 8, 1988. I.C. 6-1.1-12.1- 4.5 was thereafter amended to change the procedure by which Statement of Benefits are approved; the amendment was made retroactive to February 15, 1988. This resolution "reapproves" the Statements of Benefits for Heartland Automotive, Inc., to comply with the amended statutory requirements. 110 3. .riir 1� 4w— d�t•a\ STATEMENT OF BENE 'TS STATE BOARD OF TAX COMMISSIONERS 7- ryy1.ry/ State Form 27167(7-87) \'.t�Cx Form SBA is prescribed by the State Board of Tax Commissioners(1987) Confidential Statement:The records In this series are CONFIDENTIAL according to Indiana Code 6-1.1.35-9. r'\ INSTRUCTIONS:(I.C.6-1.1-12.1)THIS PAGE TO BE COMPLETED BY APPLICANT 1. This statement must be submitted to the body designating the economic revitilization area BEFORE a person acquires new manutacturing equipment or begins the redevelopment or rehabilitation of real property for which the person wishes to claim a deduction. Effective July 1, 1987. 2. If a person is requesting the designation of an economic revitalization area,this form must be submitted at the same time the re- quest is submitted. 3. 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, Real Estate Improvements and/or Form 322 ERA/PP, New Machinery,must be filed with the county auditor. With respect to real property, Form 322 ERA must be filed by the later of(1)May 10 or(2)thirty(30)days after a notice of increase in real property assessment/s received from the township assessor.Form 322 ERA/PP must be filed between March 1 and May 15 of the assessment year In which new manufacturing equipment Is installed, unless a filing extenticr has been obtained.A person who obtains a filing extentlon must life the form between March 1 and June 14 of that year. Name of Designating Body I County Common. Council of Greencastle, Indiana _ Putnam Name of Taxpayer Heartland Automotive, Inc . Address of Taxpayer(Street, city, county) i""Ccd, P.O. Box 648 — Greencastle, Indiana 1 46135 SECTION I LOCATION,COST AND DESCRIPTION OF PROPOSED PROJECT Location of property it different from above Taxing District Greencastle Cit : 6700 Cost and description of ret I property improvements and I or new manufacturing equipment to be acquired: Manufacturing facility with equipment for the production of 01144 plastic automotive interior trim. Estimated Starting Date Estimate Completion Date (Attach additional sheets if needed) 2-01-88 12-03-88 SECTION II ESTIMATE OF EMPLOYEES AND_SALARIES AS RESULT OF PROPOSED PROJECT Current Number Salaries Number Retained Salaries Number Additional Salaries 0 0 0 0 93 2 ,000 ,000 SECTION III ESTIMATE TOTAL COST AND VALUE OF PROPOSED PROJECT I REAL ESTATE IMPROVEMENTS I MACHINERY ICOST l ASSESSED VALUE COST ASSESSED VALUE 1 Current Values 0i 0 Plus estimated values of proposed project 15 , 000 ,000 .33 ,00 0 J 2 ,000 ,000 2 40 ,000 Less: Values of any property being replaced 0 0 Net estimated values upon completion of project 15 , 000 , 0001 833 ,000 2 ,000 ,000 240 ,0001 SECTION IV OTHER INFORMATION REQUIRED BY THE DESIGNATING BODY Signatu es of Authorized Representative I hereby certify that the representations on this statement are true. Title Date f Signature Telephone Number Attorney At Law 2/24/88 _ (213) 622-24_88 _.