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Home My Public Portal About19-1994-21 eloN RESOLUTION NO. 1994-21 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; 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 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 0 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" . WHEREAS, pursuant to I . C. 6-1 . 1-12 . 1-3 , Wal-Mart Stores, Inc . on October 18, 1994 , 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 . 1-3 , 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 value of the redevelopment is �,,1 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. 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 for /C years . 2Vel PASSED and RESOLVED this day of October, 1994 . COMMON COUNCIL OF THE CITY OF GREENCASTLE, INDIANA :2_,Z1_, A. ,,,-/ /„z- ,..... ....\,.. e.....c.,,....\___..) , n\c----- .....A..,.......-0 Thomas W. Roach Susan V. Murray , f7.,,,aL--- tta&k,,v , ' d D. Calbert Michael W. Rokicki dII) , /,2 - x., ,v. ,, c. /, /,/2/, _ C.-C-:, Charles T. Miles f C Approved and signed by me this ,7 (day of October, 1994 at o' clock Gntn. 2:: oes Michael . Harmles , Mayor ATTEST : L %(- '`tilt .(-(- u ith Berry, CMC, C kk-Treasurer .\doc4 \-1„,„, � , itgr) -Vor !ce- D ig, t494 ;• � r.. STATEMENT OF BENEFITS FORM •+�.• 4 ; J ,f l. State Form 27167(R3/1 t-91) GtL SB - Form SB-1 is prescribed by the State Board of Tax Commissioners.19891 ,');9.-::'+ = '; < The records in this series are CONFIDENTIAL according to IC 6-1.1-35-9 `�STRUCTIONS: 1. tatement must be submitted to the body designating the economic revitilization area prior to the public hearing if the designating body requires infor- 'n from the applicant in making its decision about whether to designate an Economic Revitilization Area. Otherwise this statement must be submitted to,ne designating body BEFORE a person installs the new manufacturing equipment, or BEFORE the redevelopment or rehabilitation of real property for which the person wishes to claim a deduction. A statement of benefits is not required if the area was designated an ERA prior to July 1, 1987 and the project"was planned and committed to by the applicant,and approved by the designating body,prior to that date. "Projects"planned or committed to after July 1, 1987 and areas designated after July 1, 1987 require a STATEMENT OF BENEFITS. (IC 6-1.1-12.1) 2. Approval of the designating body(City Council, Town Board, County Council,etc.)must be obtained prior to initiation of the redevelopment or rehabilitation, or prior to installation of the new manufacturing equipment,BEFORE a deduction may be approved. 3. 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 is 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 manufac- turing equipment is installed,unless a filing extension has been obtained. A person who obtains a filing extension must file the form between March 1 and June 14 of that year. 4. Property owners whose Statement of Benefits was approved after July 1, 1991 must submit Form CF- 1 annually to show compliance with the Statement of Benefits. (IC 6-1.1-12.1-5.6) SECTION 1 ' TAXPAYER INFORMATION Name of taxpayer 'via]--Mor+ 54ac-e_S j =NC, I Address of taxpayer(street and number,city,state and ZIP code) 1OZ S,‘,./. 8 4:6.-- R-o -ly Tay_ Pep+, ` +04—V i i k)AR,7,2.-7/(0-god 3 Name of contact person Telephone number - r M Van Za.+i-'i- (501 ) 2 77 //*? SECTION 2 LOCATION AND DESCRIPTION OF PROPOSED PROJECT Name of designating body Resolution number Gre..e.rlcu.S+i~v C i-ty Co u.vlC i i 19g0-1 L1 Location of property County Taxing district 333 TEnr;!,< -sr. 6PErNC,4srLE,I J. ' 6i 35 t�i rl-rla./II t eeflatti+ie C i y 'Desan of real property improvements and/or new manufacturing equipment to be acquired(use additional Estimated starting date she necessary).=mrroyeAte-se1+5 will calst5-4--,F 077o,000.5quare- nett- lc X a4 lQQLt , e tv ri 'fr, 2 tax_1-6-4-1 laq at' 1't.bu+4OA Ce rfter The__ex f :l5ioet Estimated completion date w'i li Cc Mixtek aLddrt,ona.1 :5+c):age aryl praCe-s5.101.1 Srtr I° Marci't 1) ictq5 SECTION 3 ESTIMATE OF EMPLOYEES AND SALARIES AS RESULT OF PROPOSED PROJECT Current number Salaries Number retained Salaries Number additional Salaries q ttC, 35 7e , 000 SECTION 4 ESTIMATE @ TOTAL COST AND VALUE OF PROPOSED PROJECT ' • i Real Estate Improvements 1 Machinery Cost Assessed Value Cost Assessed Value Current values 415,05€,873 Ll, 1(ob,folio 4?l 6b/1 117 30 710j 7(. 0 Plus estimated values of proposed project 8,cZ0b,000 1,QOor octs Less values of any property being replaced •- Net estimated values upon completion of project ' 53,2,58f 673 I c11 b i f I l l •SECTION 5 OTHER BENEFITS PROMISED BY THE TAXPAYER Tke e.,)cpai,tsroel U.:t(( al/OW 44.5 +a et/lain--alb/ a ✓Vludet h19her level of 4o tier Serifiee. u.vtG( in doing 6o kop5 Ma-X-144t3 . a.Va.t(abi/.iy 'ILO -lite 54t,fe-5, i h,5 <-•till help i#i r fke. 10.13 -1-e.ri✓l Via 6,h ty o -/-Ae G -44-e-r ON 6 TAXPAYER CERTIFICATION I hereby certify that the representations in this statement are true. Signatur f authorized repre nta've Title Date signed(month,day,year) G<.tl Gzyn.!- Pro 7 � IO`11/Qq