HomeMy Public PortalAbout19-2000-19 RESOLUTION NO. 2000- 19 �vt� r��,r�
r-o A RESOLUTION REAFFIRMING RESOLUTION 2000-16 AND DECLARING AN
ECONOMIC REVITALIZATION AREA AND RECOMMENDED TAX DEDUCTION
(OXFORD AUTOMOTIVE CORPORATION)
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, Oxford Automotive Corporation proposes to rehabilitate their manufacturing
facility by investing $14,000,000 in new manufacturing equipment for new product lines resulting
in 155 additional jobs at their facility. Oxford Automotive Corporation 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 installation of new manufacturing equipment on such real estate by
Oxford Automotive Corporation and that such Statement of Benefits is attached hereto and
marked "Exhibit A"; and
WHEREAS, the Greencastle Common Council passed Resolution 2000-16 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 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:
Situated in the State of Indiana, County of Putnam and being a part of the West
half of the Northeast quarter of Section 29, Township 14 North, Range 4 West of
the Second Principal Meridian and more particularly described to-wit:
Beginning at the Southwest corner of the West half of the Northeast quarter of
Section 29, Township 14 North Range 4 West; thence North 1752 feet with the
West line of said Northeast quarter to the centerline of a paved county road;
thence Northeasterly 1494 feet with said centerline to the East line of the West half
of said Northeast quarter; thence leaving said centerline South 1327 feet with said
East Line to the centerline of the Greencastle-Manhattan Road; thence
Southwesterly 1236.4 feet with said centerline of the South line of said West half
quarter; thence West 815.2 feet to the point of beginning containing 57 acres more
or less.
ALSO:
Situated in the State of Indiana, County of Putnam and being a part of the East half
of the Northeast quarter of Section 29, Township 14 North, Range 4 West of the
ram, Second Principal Meridian and more particularly described to-wit:
Beginning at the point of intersection of the West line of the East half of the
Northeast quarter of Section 29, Township 14 North, Range 4 West and the
centerline of the Greencastle-Manhattan Road the said point of intersection being
1124 feet North of the Southwest corner of said East half; thence North 332 feet
with said West line of the South line of a 100 feet wide easement granted to the
Public Service Company of Indiana; thence South 72 degrees 28 minutes East 117
feet to the said West right-of-way line of the Monon Railroad; thence
Southwesterly 281 feet with the West right-of-way to the centerline of the
aforesaid Manhattan Road; thence Southwesterly 30 feet with said centerline to the
point of beginning containing 0.45 of an acre more or less.
Also commonly known as 370 Manhattan Road.
THEREFORE, the Greencastle Common Council does recommend a deduction of
assessed value for a period of ten 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
Oxford Automotive Corporation request such abatement.
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The Greencastle Common Council further recommends and approves the application of
the deductions herein for 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
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Norm Crampton C/ Thomas W. Roach
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Approved and signed by me this 27th day of June, 2000 at 1',217 p.m. o'clock.
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Nancy A. MI ael, Mayor
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Pamela S. Jones, Cler -Tea rer