HomeMy Public PortalAbout19-1997-19 RESOLUTION NO. 1997-19
A RESOLUTION AFFIRMING H. A. PARTS PRODUCTS OF
INDIANA CO. (HAPPICO)
COMPLIANCE WITH STATEMENT OF BENEFITS SCr"71
WHEREAS, the H. A. Parts Products of Indiana Co. (HAPPICO), has heretofore
been granted certain tax abatement in consideration of certain benefits for the City of
Greencastle; and,
WHEREAS said company has submitted form CF-1 as of February 27, 1997;
and,
WHEREAS, the Greencastle Common Council has reviewed the CF-1 form, a
copy of which is attached hereto, and has found compliance with the Statement of
Benefits as approved by the Greencastle Common Council;
NOW THEREFORE BE IT RESOLVED by the Common Council of the City of
Greencastle, Putnam County, Indiana, approve the compliance with the Statement of
Benefits filed by H. A. Parts Products of Indiana Co. (HAPPICO), an Indiana Company
as submitted.
BE IT FURTHER RESOLVED that the Resolution of the Greencastle Common
Council be made of record and filed along with the CF-1 with the Putnam County
Auditor.
COMMON COUNCIL OF THE CITY OF GREENCASTLE
ret,77 P-tt,/-4
Barry Binard David Masten
(-2° *7
ie ree Thomas W. Roach
Mar . Hammer
Approved and signed by me this 156''l day of Ma..-cd.„ , 1997, at 0 y0
o'clock. p.m.
Nancy A. Michael, Mayor
ATTEST:
01114 (IC
Pamela S. Jones, Clerk- r urer
resol\97-19
e;' '►
_�-_a COMPLIANCE WiTH STATEMENT OF BENEFITS FORM
,
State Form 44973(11.91) CF-1
pt r ' r: Prescribed by the State Board of Tax C4mmissroners,1991
'a. The records in this series are CONFIDENTIAL according to IC 6-1.1-35-9.
INSTRUCTIONS: 1. Property owners whose Statement of Benefits was approved after July 1, 1991 must file this form with the County Auditor and the
local Designating Body to show the extent to which there has been compliance with the Statement of Benefits. (This does not apply to
- property located in a residentially distressed area). (IC 6-1.1-12.1-5.6)
2. if the deduction applies to Real Estate and Improvements, then this form must be filed with the initial deduction application and then
annually within sixty(60)days after the end of each year in which the deduction is applicable.
3. For New Manufacturing Equipment,this form must be filed with Form 322 ERA/PP between March 1 and May 15 of each year.unless
a.fling extension under IC 6-1.1.3 7 has been granted. A person who obtains a filing extension must file between March 1 and.Ame 14
of each year.
SECTION 1 TAXPAYER INFORMATION
Name of taxpayer H.A. PARTS PRODUCTS OF INDIANA CO. (HAPPICO)
Address of taxpayer(street and number.city,state and ZIP code)
2200 SR 240 EAST, GREENCASTLE, IN 46135
Name of contact person ,Telephone number
MIKE BURNS ( 765) 653-2000
SECTION 2 - — '- LIICATION-AND DESCR)PTTONOFPROPER71-_—_ - -. ... _ - - ' — _
Name of designating body Resolution number
' COMMON COUNCIL OF THE CITY OF GREENCASTLE 1991-19 , 1992-1
Location of property County Taxing district
2200 SR 240 EAST, GREENCASTLE, IN PUTNAM _ GREENCASTLE
Description of real property improvements andfor new manufacturing equipment to be acquired Estimated starting date
1991-19 NEW BUILDING AND RELATED IMPROValENTS TO HOUSE MACH— 7-1-91 ,
I INERY TO MANUFACTURE AUTOMOTIVE TRIM. Estimated completion date
1992-1 INTECTION MOLDING MACHINES, EXTRUSION LINES AND OTHER 10-10-91, 1-92
SECTION 3 EMPLOYEESAND SALARIES I As.Estimated ortSB-t Actual
✓^ Current number of employees 330 1 532
Salanes a;f, 'a MTT.T.T1IN $13 t MTT I Tobi
Number of employees retained 330
Salaries 6 3 MTLLIQDI
Number of additional employees 202
Salanes A, 8 MTT T IWT I
• SECTION 4 COSTAND VALUES As Estimated an SB-I I Actual
Real Estate and Improvements - - Cast - Assessed Value. - - •-••-Cost- --- ,- Assessed Vague-
Values before project 948.470 973.3Q0
Plus: Values of proposed protect 3,000,000 600,000 795.800
Less: Values of any property being replaced I
Net values upon completion of project 1,548,470 11.269.100
Cost Assessed Value Cost I Assessed Value
Values before protect 18,089,996 3,827.790 _
Plus: Values of proposed project 9,000,000 1,950.000
Less: Values of any property being replaced I
Net values upon completion of project . 5,777,790 35.060.868 I 4.371,09 5
SECTION 5 OTHER BENEFITS PROMISED BY TAXPAYER As Estimated an St31i Actual
r\ SECTION 6 TAXPAYER CERTIFICATION
I hereby certify that the representations in this statement are true.
Signature of authorized representative Title Date signed(mo..day.yr.)
'.4gek g7, L CONTROLLER FEBRUARY 27, 1997
MAY-08--1997 08:4 3 �4,(/t� 317 653 6385 94% P.04
/F2
REVIEW OF CF-I FORM FOR COMPLIANCE WITH SB-1,
STATEMENT OF BENEFITS FORM
(FOR INTERNAL REVIEW ONLY)
FIRM:
DATE: sl 7/7
DATE OF SB-1: / / / %//
RESOLUTION NUMBERS: lZl/- f / V
INVESTMENT PERIOD:
ACTIVITY PROMISES ACTUAL
ON SB-1 PROGRESS
JOB CREATION: /:Sb ZDZ,
JOB RETENTION: 330 33o
SALARIES - CREATION: !,7ClDOu7lO- emP
SALARIES - RETENTION: $6. 5v
REAL ESTATE INVESTMENT:
PURCHASE: ,e2/ _
RENOVATION/EXPANSION: 4('',;F4 x7 0aU 4 -/. )
EQUIPMENT INVESTMENT: f.G00, "1f�/-e-1`�rr 3
IS FIRM IN COMPLIANCE: NO
PREPARE RESOLUTION: YES NO
COUNCIL MEETING: 5/,/?7
MAY-08-1997 88:43 317 653 6385 P.003