HomeMy Public PortalAbout18-2000-18 RESOLUTION NO. 2000- 18
• A RESOLUTION REAFFIRMING RESOLUTION 2000-15 AND DECLARING AN
ECONOMIC REVITALIZATION AREA AND RECOMMENDED TAX DEDUCTION
(HEARTLAND AUTOMOTIVE LLC)
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 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
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, the Greencastle Common
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 LLC proposes redevelopment and rehabilitation of the
existing Heartland facility by investing $6,000,000 in a 132,000 square foot expansion and the
addition of new manufacturing equipment of a value up to $21,000,000 resulting in 150 additional
jobs at their facility. Heartland Automotive LLC 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, has been submitted to the Common Council
on May 31, 2000, prior to the redevelopment or rehabilitation and installation of new
manufacturing equipment on such real estate by Heartland Automotive LLC and that such
Statement of Benefits is attached hereto and marked"Exhibit A"; and
WHEREAS, the Greencastle Common Council passed Resolution 2000-15 on June 13,
2000 and advertised a public hearing for June 27, 2000; and,
WHEREAS, the Greencastle Common 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, expansion 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 27th day of June, 2000, 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:
Situate in the State of Indiana, County of Putnam and being a 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 Southeast corner of the Southeast quarter of the Northeast
quarter of Section 22, Township 14 North Range 4 West; thence North 00 degrees
04 minutes West 598.02 feet with the East line of said Southeast quarter quarter to
a railroad spike and the true point of beginning of the real estate herein described;
thence South 89 degrees 56 minutes West 300.00 feet to a 5/8 inch rebar; thence
South 00 degrees 04 minutes East 180.00 feet to a 5/8 inch rebar; thence South 89
degrees 56 minutes West 300.00 feet to a 5/8 inch rebar; thence South 00 degrees
04 minutes East 820 feet to a 5/8 inch rebar; thence Northwesterly 167.06 feet on
a nontangent 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
WHEREAS, the Greencastle Common Council passed Resolution 2000-15 on June 13,
• 2000 and advertised a public hearing for June 27, 2000; and,
WHEREAS, the Greencastle Common 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, expansion 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 27th day of June, 2000, 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:
Situate in the State of Indiana, County of Putnam and being a 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 Southeast corner of the Southeast quarter of the Northeast
quarter of Section 22, Township 14 North Range 4 West; thence North 00 degrees
04 minutes West 598.02 feet with the East line of said Southeast quarter quarter to
a railroad spike and the true point of beginning of the real estate herein described;
thence South 89 degrees 56 minutes West 300.00 feet to a 5/8 inch rebar; thence
South 00 degrees 04 minutes East 180.00 feet to a 5/8 inch rebar; thence South 89
degrees 56 minutes West 300.00 feet to a 5/8 inch rebar; thence South 00 degrees
04 minutes East 820 feet to a 5/8 inch rebar; thence Northwesterly 167.06 feet on
• a nontangent 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
a 5/8 inch rebar; thence North 60 degrees 00 minutes West 470.00 feet to a 5/8
• inch rebar; thence South 30 degrees 00 minutes West 60.00 feet to a 5/8 inch
rebar; thence North 70 degrees 00 minutes West 130.00 feet to the West line of
the Northeast quarter of the Southeast quarter; thence North 00 degrees 08
minutes West 946.13 feet with the West line of said Northeast quarter of the
Southeast quarter and the West line of the Southeast quarter of the Northeast
quarter to the South right-of-way of Veterans Memorial Highway; thence with said
South right-of-way line North 62 degrees 53 minutes 07 seconds East 735.43 feet
to a 5/8 inch rebar; thence North 65 degrees 44 minutes 52 seconds East 100.12
feet to a 5/8 inch rebar; thence North 61 degrees 55 minutes 50 seconds East
300.04 feet to a 5/8 inch rebar; thence North 62 degrees 53 minutes 07 seconds
East 290.00 feet to a 5/8 inch rebar; thence South 52 degrees 31 minutes 51
seconds East 36.51 feet to a 5/8 inch rebar; thence South 00 degrees 06 minutes
48 seconds West 105.00 feet to a 5/8 inch rebar; thence South 05 degrees 35
minutes 50 seconds East 100.50 feet to a 5/8 inch rebar; thence leaving the South
right-of-way line of Veterans Memorial Highway North 89 degrees 56 minutes 00
seconds East 17.57 feet to a PK nail on the East line of the Southeast quarter of
the Northeast quarter; thence South 00 degrees 04 minutes East 606.03 feet with
said East line to the point of beginning, containing 31.67 acres, more or less.
Also commonly known as 300 South Warren Drive.
• THEREFORE, the Greencastle Common Council does recommend a deduction of
assessed value for a period often years as a result of the increase in assessed value resulting from
the redevelopment or rehabilitation of 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 LLC request such abatement.
The Greencastle Common Council further recommends and approves the application of
the deductions herein for improvements and equipment installed pursuant to the Statement of
Benefits from the approval of this ordinance and during the thirty(30) ensuing months, July 1,
2000 to December 31, 2002.
PASSED AND RESOLVED by the Common Council of the City of Greencastle at its
special meeting this 27th day of June, 2000.
•
COMMON COUNCIL OF THE CITY OF GREENCASTLE, INDIANA
/(6V (_ /�
Norm Crampton (/ Thomas W. Roach
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Mar N. Hammer Mike okicki
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Approved and signed by me this 27th day of June, 2000 at 7•A, p.m. o'clock.
9/141267.
Nancy A. M. :el, Mayor
ATT T:
Pamela S. Jones, C erk asurer