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Home My Public Portal About16-1990-16 RESOLUTION NO. 1990-16 RESOLUTION APPROVING STATEMENT OF BENEFITS FOR WAL-MART STORES, INC. WHEREAS, the Common Council of the City of Greencastle on August 21, 1990, by Resolution No. 1990-12, 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: Situate in the State of Indiana, County of Putnam and being a part of the West half of Section 23, Township 14 North, Range 4 West of the Second Principal Meridian, more particularly described to-wit: Commencing at the Southwest corner of Section 23, Township 14 North, Range 4 West; thence North 00 degrees 27 minutes East 1729.52 feet with the West line of said Section 23 and to the true point of beginning of the real estate herein described; thence North 00 degrees 27 minutes East 2132.92 feet with the West line of said Section 23; thence South 89 degrees 33 minutes East 20.00 feet to the East right-of-way of 10th Street; thence with the right-of-way of the proposed Southern Highway, North 08 degrees 59 minutes East 101.12 feet; thence North 00 degrees 27 minutes East 24.97 n feet; thence leaving the right-of-way of said Southern Highway, South 89 degrees 25 minutes East 259.84 feet; thence North 05 degrees 34 minutes West 265.95 feet to the South right-of-way of the aforesaid Southern Highway; thence with said Southern right-of-way, North 63 degrees 18 minutes East 148.02 feet; thence North 64 degrees 16 minutes East 300.04 feet; thence North 59 degrees 30 minutes East 300.67 feet; thence North 63 degrees 18 minutes East 300.00 feet; thence North 69 degrees 01 minute East 100.50 feet; thence North 57 degrees 49 minutes East 104.48 feet; thence North 63 degrees 18 minutes East 581.33 feet; thence leaving the Southern right-of-way of said Southern Highway, thence South 00 degrees 53 minutes West 3378.02 feet; thence North 89 degrees 21 minutes West 1866.13 feet to the point of beginning, containing 122.77 acres, more or less. 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 September 25, 1990; and WHEREAS, the Common Council of the City of Greencastle on September 25, 1990, passed Resolution No. 1990-14, "A Resolution Confirming A Resolution Declaring an Economic Revitalization Area passed by the Common Council of the City of Greencastle, Indiana, on the 21st day of August, 1990". 1. WHEREAS, pursuant to I.C. 6-1.1-12.1-3, Wal-Mart Stores, Inc. on November 27, 1990, filed its Statement of Benefits (Form SB-i) , a copy of which is attached hereto as Exhibit "A"; and WHEREAS, the Common Council of the City of Greencastle, pursuant to I.C. 6-1.1-12.1-3, 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 for Wal-Mart Stores, Inc. are hereby approved. PASSED and RESOLVED this llth day of December, 1990. COMMON COUNCIL OF THE CITY OF GREENCASTLE, IN N '4(l_ Sheri Z. Roach im onway A6.1 0 Susan V. Murray rt P. Sedlack Vi6 ' h 0ael W. Rokicki Approved and signed by me this llth day of December, 1990, at i;4U o'clock, p.m. 2 /— Michael M. Harmless Mayor ATTES :-A-{,Gdt) te)-C-Vi-W Jud' h Berry, Cle k- reasurer 2. ,>:. r I STATE SOAI1D OF TAX COMMISS,CNER: r -�j i+ STATEMENT OF BENEFITS ATF iT c ._ Bale Form 2,1g7(1•A1) ..__....._-.... .__ — 1 • "` .' Form SBA Is prescribed by the State[Board ul s ax Cornrnis.Ioners(1997) Confidential Statement:The records in this series are CONFIDENTIAL according to Indiana Coda 6.1.1-381. n S . INSTAUCTIONS;O.C.S.I.1-12.1)THIS PAGE TO BE COMPLETED BY APPLICANT 1, This statement must be submitted to the body designating the economic revirilizetion area BEFORE a person acquires new manufacturing 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 on economic revitalization area,this form must be submitted at the same time the re- quest II Submitted. 3. Approval of the designetiog Cody(City Courcil, Town Board,County Council,etc.)must be obtained before a deduction may be approved. 4. To obtain a deduction Form?22 ERA,Rent Estate Improvements enV ror Form 322 ERA 1 FP,New Machinery,must be filed with the county auditor. With respect to real property,Form 372 ERA must be filed by the later of(1)May 10 or(2)thlrty(30)days after a notice of Increase In real property assessment Is received from the township assessor.Form 222 ERA/PP must be tiled between March 1 end May 15 of the assessment yesr In which new manufacturing equipment la Inslalted, unless a►fling extension has been obtained.A person who obtains a li11r,g extention must file the form between March 1 end June 1i of that year. Name of Designating Body County Greercastle City Couitcil _ . ._ Putnam Name of Taxpayer Oal_L�_�t.rc Stores, Inc. -.. _ Address Of Taxpayer(Street,city,county) ZIP Code ,:._3 attached . . .:31.35 ...:..... ' $....r3:r:z.." SEc.Ti j LOCAi'If1N.'bat-Miff 604CRIPTION OP Oftigr SEb:.PROJECT• f g'•i.s4=,;>T FT;T4 ts'1a (•!•; Location of property II different front above Taxing Dletrict Si.,ie _ Greencastle Cit-.' Cost and description of rest property Improvements and I or new manufacturing equipment to be acquired: Construction of a 928,000 sq. ft. metal building to be used as a softline merchandis- ,+- distribution center for Wal-Mart. • Estimated i16itfng Date Estimate Completion bate (Attach additional sheets If needed) 9/1/90 10/1/91 "' •' , : . Sf;CT19)N-Ij S_T'(M (St'ATE ENiP'Lt�YEt u�ANiiii .hRIEs RESULT OF PROPCISE Ro4tOr! .. ` '',i i Current Number Salafles 4 Number netained Sarerles riimber Additional Salaries N/A N/A N/A N/A 500-600 $1-97999----$i SECTION IiI ESTIMATE TOTAL COST AND VALUE OF PROPOSED PROJECT REAL ESTATE IMPROVEMENTS MACHINERY — COST ASSESSED VALUE COST A5SESSED VALU' Current Values 1 737 000 $15.5M Pius estimated values of proposed project $26,000,000 _ Less:Values of any property being replaced _ Net estimated values upon completion of project $26,737,000 $15.5M - sE TiO IV aT,N,ER INFORMATION 11Et:IGljl1 U Y. <4 if ri, i, x,x .:,�,a< .. �,�N�T7s31c�NtfQ.9�7DX' 1r u.1t t xxix.,..�. . Received by Judith Berry, Clerk-Treasurer City of Greencastle, Indiana c ..2„.___66:_r_ti 6eftAtTh/ P Date: Z / 1 f 9/ °. -all .r Signalurerf thor►te epres PI Iva (/ I hereby Certify that the representations on this statement are true. // / . -••:y _ it L --� Title Date of S' lure / e P hone Number Sr. V.P. Dist/Transportation v 501-273_63310