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Home My Public Portal About12-1997-12 RESOLUTION NO. 1997-12 A RESOLUTION REAFFIRMING RESOLUTION 1997-11 AND DECLARING AN ECONOMIC REVITALIZATION AREA AND RECOMMENDED TAX DEDUCTION (Heartland Automotive, Inc.) WHEREAS, the laws of the State of Indiana, specifically I.C. 6-1.1-12.1-1, et. seq., provide for the creation of economic revitalization areas within the corporate limits of the City of Greencastle, Putnam County, Indiana, for the general purpose of providing property tax deductions to encourage private redevelopment of areas which have become undesirable for, or impossible of, normal development and occupancy because of a lack of development, cessation of growth, deterioration of improvements or character of occupancy, age, obsolescence, substandard buildings or other factors which have impaired values or prevent normal development of property or use of property; and WHEREAS, the term "economic revitalization area" also includes any area where a facility or a group of facilities that are technologically, economically or energy obsolete are located and where the obsolescence may lead to the decline in employment and tax revenue; and WHEREAS, "redevelopment" means the construction of new structures in economic revitalization areas either on unimproved real estate or on real estate upon which a prior existing structure is demolished to allow for new construction; and 01.114 WHEREAS, "rehabilitation" means remodeling, repair or betterment of property in any manner or any enlargement or extension of property; and WHEREAS, pursuant to applicable laws of the State of Indiana, Greencastle City Council may create said economic revitalization area through the adoption of a resolution; and WHEREAS, the need exists to establish an economic revitalization area in order to encourage private redevelopment in the City of Greencastle, Putnam County, Indiana; and WHEREAS, Heartland Automotive, Inc. has planned redevelopment and rehabilitation to the existing Heartland site which will include a modification and expansion of existing structures to accommodate additional manufacturing equipment, including building modifications value at up to $2,500,000 and the addition of manufacturing equipment of a value up to $8,229,000. There will also be tooling purchased for the 1999 model which will bring the total cost to approximately $13,000,000. Heartland Automotive, Inc. seeks a tax deduction pursuant to I.C. 6-1.1-12.1, et. seq.; and WHEREAS, a Statement of Benefits on State Form 27167, [Form SB-1] said form approved by the State Board of Tax Commissioners, have been submitted to the Greencastle City Council on April 8, 1997, prior to redevelopment or rehabilitation and installation of new manufacturing equipment on such real estate by Heartland Automotive, Inc. and that such Statement of Benefits is attached hereto and marked "Exhibit A"; and WHEREAS, the Greencastle City Council passed Resolution 1997-11 on March 17, 1997, .^, and advertised a public hearing for April 8, 1997; and WHEREAS, Greencastle City Council, pursuant to the laws of the State of Indiana, does now hereby find that: 1. The estimate of the value of the redevelopment or rehabilitation and new manufacturing equipment is reasonable for projects of that nature; 2. 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 proposed described redevelopment or rehabilitation and installation of new manufacturing equipment; 3. The estimate of the annual salaries of those individuals who will be employed or whose employment will be retained can reasonably be expected to result from the proposed described redevelopment or rehabilitation and 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 described redevelopment or rehabilitation and installation of new manufacturing equipment. 5. The totality of the benefits is sufficient to justify a deduction. THEREFORE, based upon these findings BE IT RESOLVED THAT THE CITY OF GREENCASTLE on this 8th day of April. 1997, pursuant to I.C. 6-1.1-12.1-1, et. seq., deems there to be a need to establish an economic revitalization area and that said economic revitalization area shall be defined as follows: 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. ALSO: Part of the Southeast quarter of the Northeast quarter and a part of the Northeast quarter of the Southeast quarter all in Section 22, Township 14 North, Range 4 West of the Second Principal Meridian, more particularly described, to-wit: Commencing at the Northeast corner of the East half of the Southeast quarter of Section 22, Township 14 North, Range 4 West; thence South 00 degrees 04 minutes East 401.98 feet with the East line of said East half quarter; thence South 89 degrees 56 minutes West 600.00 feet to an iron pin and the true point of beginning of the real estate herein described; thence Northwesterly 167.06 feet on a non-tangent curve to the right having a radius of 375.00 feet and subtended by a long chord bearing North 86 degrees 19 minutes West a distance of 165.68 feet to an iron pin; thence North 60 degrees 00 minutes West 470.00 feet to an iron pin; thence South 30 degrees 00 minutes West 60.00 feet to an iron pin; thence North 70 degrees 00 minutes West 130.00 feet to the West line of the aforesaid East half quarter at a point 825 feet North of an established property line on the South side of a 30 acre tract; thence North 00 degrees 08 minutes West 955.61 feet with said West line and the West line of the East half of the Northeast quarter of Section 22 to the South right-of-way line of the abandoned Conrail Railroad; thence North 62 degrees 55 minutes East 814.14 feet with said South right-of-way line to a point 600.00 feet West of the East line of said Section 22; thence South 00 degrees 04 minutes East 1564.46 feet to the point of beginning, containing 21.00 acres, more or less. EXCEPT THEREFROM: Part of the East half of the Northeast quarter in Section Twenty-Two (22), Township Fourteen (14) North, Range Four (4) West of the Second Principal Meridian, more particularly described, as follows: Commencing at the Northeast corner of the East half of the Southeast quarter of Section Twenty-Two (22), Township Fourteen (14) North, Range Four (4) West: thence South 00 degrees 04 minutes East 401.98 feet with the East line of said East half quarter; thence South 89 degrees 56 minutes West 600.00 feet to an iron pin; thence Northwesterly 167.06 feet on a non-tangent curve to the right having a radius of 375.00 feet and subtended by a long chord bearing North 86 degrees 19 minutes West a distance of 165.68 feet to an iron pin; thence North 60 degrees 00 minutes West 470.00 feet to an iron pin; thence South 30 degrees 00 minutes West 60.00 feet to an iron pin; thence North 70 degrees 00 minutes West 130.00 feet to the West line of the aforesaid East half quarter at a point 825 feet North of an established property line on the South side of a 30 acre tract; thence North 00 degrees 08 minutes West 955.61 feet with said West line and the West line of the East half of the Northeast quarter of Section 22 to the South right-of-way line of the abandoned Conrail Railroad (the foregoing portion of this description is taken from Deed Record 186, page 484. The lands owned by the Conrail Railroad are now owned by the City of Greencastle) and the POINT OF BEGINNING of this description; thence North 63 degrees 15 minutes 06 seconds East 1469.03 feet along said south right-of-way line to the west boundary of Round Barn Road; thence South 00 degrees 27 minutes 19 seconds West 255.30 feet along said west boundary; thence North 05 degrees 15 minutes 19 seconds West 100.50 feet; thence North 00 degrees 27 minutes 19 seconds East 105.00 feet; thence North 52 degrees 11 minutes 20 seconds West 36.51 feet; thence South 63 degrees 13 minutes 38 seconds West 290.00 feet; thence South 62 degrees 16 minutes 21 seconds West 300.04 feet; I thence South 66 degrees 05 minutes 23 seconds West 100.12 feet; thence South 63 degrees 13 minutes 38 seconds West 735.43 feet to the aforesaid west line of the east half of the Northeast quarter; thence North 00 degrees 13 minutes 18 seconds East 8.75 feet along said west line to the point of beginning and containing 0.332 acres, more or less. All bearings in this description which are not taken from previous instruments are based on the bearing system for State Highway Project M-Q108 (1). THEREFORE, the Greencastle City Council does recommend a deduction of assessed value for a period of ten years as a result of the increase in assessed value resulting from the redevelopment or rehabilitation of the improvements as set forth in I.C. 6-1.1-12.1-2.5 and a deduction for a period of five years as a result of the installation of new manufacturing equipment. all as set forth in I.C. 6-1.1-12.1-4.5. The City of Greencastle does not recommend tax abatement for special tooling nor does Heartland Automotive request such abatement. The Greencastle Common Council further recommends and approves the application of the deductions herein for improvements or equipment installed pursuant to the statement of benefits from the approval of this ordinance and during the thirty-five ensuing months, April 1, 1997 to March 1, 2000. PASSED AND RESOLVED by the Common Council of the City of Greencastle at its regular meeting this PA-day of April, 1997. COMMON COUNCIL OF THE CITY OF GREENCASTLE, INDIANA C. Niu_lick Thomas W. Roach David Masten 6 /7 Mark N. Hammer Barryynard e reen Approved and signed by me this day of April, 1997 at 7/S'clock .m. • A T: Nancy Michael, Mayor Pamela S. Jones, Cle k- r surer �� 74 l