HomeMy Public PortalAbout19-1997-20 RESOLUTION NO. 1997-20 -t r r MOM
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A RESOLUTION AFFIRMING CROWN EQUIPMENT CORPORATION
r. COMPLIANCE WITH STATEMENT OF BENEFITS
WHEREAS, the Crown Equipment Corporation, 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 26, 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 Crown Equipment Corporation, 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.
III COMMON COUNCIL OF THE CITY OF GREENCASTLE
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Barry �nard David Masten
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Ki Gre n Thomas W. Roach
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M N. Hammer
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Approved and signed by me this /3' ay of , 1997, at VO
o'clock. p.m.
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Nancy A. Mhael, Mayor
ATTEST:
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Pamela S. Jones, CI rk asurer
resol\97-20
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REVIEW OF CF-1 FORM FOR COMPLIANCE WITH SBA,
STATEMENT OF BENEFITS FORM
(FOR INTERNAL REVIEW ONLY)
FIRM: C/& )/) ,g4) //e/g6,07
DATE: 577/97
DATE OF SB-1: /04/95-
RESOLUTION NUMBERS:
INVESTMENT PERIOD: 3 9vz5
ACTIVITY PROMISES ACTUAL
ON SB-1 PROGRESS
JOB CREATION: `d$/Z /Ge
JOB RETENTION: /1JI* �f
SALARIES - CREATION: 42 /S1b 2d92057
SALARIES - RETENTION:
REAL ESTATE INVESTMENT:
PURCHASE: 1,9aZ 3,0774 ,0
RENOVATION/EXPANSION: 2-1xd ?Dz7 /, 3-5-iffevo
EQUIPMENT INVESTMENT: '16-75:~0 IZ l e( 46'
IS FIRM IN COMPLIANCE: igt NO
PREPARE RESOLUTION: dr. NO
COUNCIL MEETING: 5/3/7
NAY-08-1997 @8:44 317 653 6385 P.05
E COMPLIANCE WITH STATEMENT OF BENEFITS FORM
w" 4-71,, State Form 44973(1t-91) 11 CF-1
- Prescribed by the State Board of Tax Commissioners,1991
fro-",\ '. 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 fie 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 filing extension under IC 6-1.1-3.7 has been granted. A person who obtains a filing extension must file between March 1 and June 14
of each year.
SECTION 1 TAXPAYER INFORMATION
Name of taxpayer
Crown Equipment Corporation
Address of taxpayer(street and number.city,state and ZIP code)
40 South Washington Street, New Bremen, Ohio 45869
Name of contact person Telephone number
Bradley Smith _ (419 ) 629-2311
SECTION 2 LOCATION AND DESCRIPTION OF PROPERTY
Name of designating body Resolution number
Greencastle City Council 1995-19 1995-20
Location of property County Taxing district
I 2600 State Route 240, Greencastle Putnam Greencastle City
Description of real property improvements and/or new manufacturing equipment to be acquired Estimated starting date
10/15/95
Estimated completion date
03/01/96
SECTION 3 EMPLOYEES AND SALARIES Ills Estimated on SB-I Actual
Current number of employees -0- 10
Salaries -0- 2,092,057
Number of employees retained N/A _ N/A
Salaries N/A N/A
Number of additional employees 254 1 46
Salaries 6,791 .440 4,699.381
SECTION 4 COST AND VALUES As Estimated on SB-1 Actual
Real Estate and Improvements Cost Assessed Value Cost Assessed Value
Values before project 4,000,000 1 ,007, 160 3,877,713 1 ,007,160
Plus: Values of proposed project 4,000,0o0 1 ,557,864
Less: Values of any property being replaced _
Net values upon completion ofproject 8,000,000 1 ,007,160 5,435,577 1 ,007,160
Cost Assessed Value Cost Assessed Value
Values before project -0- Not assessed_ -0- Not assessed
Plus: Values of proposed project 15,000,000 yet 2,081 ,541 yet
. Less: Values of any property being replaced
Net values upon completion of project 15,000,000 2,081 ,541 ,
SECTION 5 OTHER BENEFITS PROMISED BY TAXPAYER As Estimated on SB-1i, Actual
St 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.)
4.FV4 /z ,47
MAY-08-1997 08:45 317 653 6385 94% P.06