HomeMy Public PortalAbout01-1992-1 RESOLUTION NO. 1992-1
RESOLUTION APPROVING STATEMENT OF BENEFITS
FOR H.A. PARTS PRODUCTS OF INDIANA COMPANY
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 . 1-1. 5:
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 #240; 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 pin; 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.
WHEREAS, a copy of said Resolution was published 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
Y.ay , 1988" .
WHEREAS, pursuant to I.C. 6-1. 1-12 . 1-4 . 5, H.A. PARTS PRODUCTS OF
INDIANA COMPANY on December 11, 1991, 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 cost of the new manufacturing
equipment is reasonable for equipment of that type.
2 . That the estimate of the number of individuals who will be
employed or whose employment will be retained can be
reasonably expected to result from the installation of the
new manufacturing equipment.
3 . That the estimate of the annual salaries of those
individuals who will be employed or whose employment will be
retained can be reasonably expected to result from the
proposed installation of new manufacturing equipment.
4 . That any other benefits about which information was
requested are benefits that can be reasonably expected to
result from the proposed installation of new manufacturing
equipment.
5. That the totality of benefits is sufficient to justify the
deduction. .J
That the Common Council of the City of Greencastle, Indiana,
further RESOLVES that the deductions pursuant to I.C. 6-1. 1-12 . 1-4. 5
for H.A. PARTS PRODUCTS OF INDIANA COMPANY are hereby approved for a
five (5) year period.
PASSED and RESOLVED this 14th day of January, 1992 .
COMMON COUNCIL OF THE CITY
OF GREENCASTLE, INDIANA
Thomas W. Roachc;-..] Susan V. urra
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raid D. Calbert Mi hael W. Rokicki
6 ,1_,„ K,,,4<pe,__,
Charles T. Miles
proved and signed by me this 14th day of January, 1992 , at
o'clock,0.m.
f' -
- /—
Michael M. Harmless
A EST: . Mayor
ith Be y,
C rk-Treasurer