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HomeMy Public PortalAbout13-2001-13 RESOLUTION NO. 2001 - /3 A RESOLUTION AFFIRMING HEARTLAND AUTOMOTIVE, LLC, OF COMPLIANCE WITH STATEMENTS OF BENEFITS (1997 Expansion Project) WHEREAS, Heartland Automotive, LLC, (formerly known as Heartland Automotive, Inc.) has heretofore been granted certain tax abatements in consideration of certain benefits for the City of Greencastle; and, WHEREAS, said company has submitted a form CF-1 as of February 27, 2001 for tax abatement granted in 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 Statements of Benefits as approved by the Greencastle Common Council; NOW THEREFORE BE IT RESOLVED that the Common Council of the City of Greencastle, Putnam County, Indiana, approves the CF-1 form as submitted as being in compliance with the Statements of Benefits previously filed by Heartland Automotive, LLC. ,^ BE IT FURTHER RESOLVED that this Resolution of the Greencastle Common Council be made a record and filed along with the CF-1 with the Putnam County Auditor. (-2/(,34.44/ COMMON COUNCIL OF THE CITY OF GREENCASTLE (...12,/,;:c-7 4.//L/ Norm Crampton Thomas Roach fr. irl-vr...e.- f ,__Z Mark N. Hammer Mik Rokicki Joe Leichty Approved and signed by me this 8th day of May, 2001 at (oo'clock, p.m. im,, , Nancy A. 'chael, Mayor 7T: ad-Y7/,‘?e' 4- Pamela S. Jones, Clark-/T asurer r,,%v74; COMPLIANCE WITH STATEMENT OF BENEFITS FORM State Form 44973(R3/9-00) CF-1 Prescribed by the State Board of Tax Commissinoers,1991 INSTRUCTIONS: 1. Property owners whose Statement of benefits was approved after June 30, 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 From 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. 4. With the approval of the designating body,compliance information for multiple projects may be consolidated on one(1)compliance form(CF-1). SECTION 1 TAXPAYER INFORMATION Name of taxpayer Heartland Automotive, LLC Address of taxpayer (street and number,city,state and ZIP code) 300 South Warren Greencastle IN 46135-0648 Name of contact person Telephone number Gayle Barthelmen (765)653-4263 SECTION 2 LOCATION AND DESCRIPTION OF PROPERTY Name of designating body Resolution number Heartland Automotive, LLC 1997-11&1997-12 Location of property 300 South Warren Drive County Taxing district Greencastle IN 46135-0648 Putnam Greencastle CT Description of real property improvements and/or new manufacturing equipment to be acquired Estimated starting date 45, 000 square foot building addition to be constructed between 04/01/1997 April 1 and September 30, 1997 and new manufacturing equipment Estimated completion date shown on attached listing. 03/01/2000 SECTION 3 EMPLOYEES AND SALARIES As Estimted on SB-1 Actual Current number of employees 262 366 Salaries 6,200,000 10,063,233 ,,,.., umber of employees retained 262 262 Salaries 6,200,000 6,200,000 Number of additional employees 104 Salaries 3,863,233 SECTION 4 COST AND VALUES Real Estate and Improvements Machinery&Equipment Research&Development Equipment As Estimated on SB 1 Assessed Value ost Assessed Value y 4 " Assessed Value Values before project 2,827,816 641,120 17,988,282 1,127,090 Plus:Values of proposed project 2,500,00C 700,000 8,229,000 822,900 Less:Values of any property being replaced Net values upon completion of project 5,327,816 1,341,120 26,217,282 1,949,990 Actual- t, Assessed Value /�B[mom-wow �t�rt n, Assessed Value •r Assessed Value Values before project 2,827,816 641,120 TO DE rf1VYomEDMY wow 322 Plus:Values of proposed project 2,522,17S 3 72,3 50 EROPMED11111AY t5,2001 Less:Values of any property being replaced NEy��� Net values uupon completion of project 5,349,99E 1,013,470 AN EXTENSION IS GRANTED NOTE: The COST of the property is confidential pursuant to IC 6-1.1-12.1-5.6(d). SECTION 5 WASTE CONVERTED AND OTHER BENEFITS PROMISED BY THE TAXPAYER As Estimated on SB-1 Actual Amount of solid waste converted Amount of hazardous waste cnverted Other benefits: SECTION 6 TAXPAYER CERTIFICATION I hereby certify that the representations in this statement are true. signature of authorized re a`tatire �� Title Date sign (ma,rY yr.) T � o Form CF-1.page 1-Copyright©2001 Decision Information Systems,Inc. FOR US •F THE DESIGNATING BODY INSTRUCTIONS: (IC 6-1.1-12.1-5.9) 1. Within fory-five(95)days after receipt of this form,the designating body may determine whether or not the propery owner has substantially complied with the Statement of Benefits. ^.. If the property owner is found NOT to be in substantial compliance,the designating body shall send the property owner written notice. The notice must include the reasons for the determination and the date,time and place of a hearing to be conducted by the designating body. If a notice is mailed to a property owner for new manufacturing equipment and/or research and development equipment, a copy of the written notice shall be sent to the State Board of Tax Commissioners. 3. Based on the information presented at the hearing,the designating body shall determine whether or not the property owner has made reasonable effort to substantially comply with the Statement of Benefits. 4. If the designating body determines that the property owner has NOT made reasonable effort to comply,then the designating body shall adopt a resolution terminating the deduction. The designating body shall immediately mail a certified copy of the resolution to:(1)the property owner,(2)the County Auditor; and(3)the State Board of Tax Commissioners. We have reviewed the CF-1 and find that: ❑ the property owner IS in substantial compliance ❑ the property owner IS NOT in substantial compliance • - ❑ other(specify) Reasons for the determination (attach additional sheets if necessary) Signature of authorized member Date signed (month,day,year) Attested by: Designating body /1. .the property owner is found not to be in substantial compliance,the property owner shall receive the opportunity for a hearing. The following date and time has been set aside for the purpose of considering compliance. Time of hearing Date of hearing Location of hearing ❑AM ❑PM HEARING RESULTS (to be completed after the hearing) Ei Approved n Denied (see insruction 4 above) Reasons for determination (attach additional sheets if necessary) Signature of authorized member Date signed (month,day,year) Attested by: Designating body APPEAL RIGHTS[IC 6.1.1-12.1-5.9(e)] property owner whose deduction is denied by the designating body may appeal the designating body's decision by filing a mplaint in the office of the Circuit or Superior Court together with a bond conditioned to pay the costs of the appeal if the appeal is determined against the property owner. Form CF-1,page 2-Copyright 0 2001 Decision Information Systems,Inc. ,J I t-1 a a.._&r I....1674r .- • $La1�form 27 (R4/10.9](`a,` •'T177Tf� '�: S B �..��,r�, 1 Focm 58.1 is PrescrbeC by tht Sc: of lax Gommissioci�rz. 7989 NN INSTRUCTIONS: . 1. This statement must be submitted to the body designating the economic revitrlization area once to the public hearing if the designating bogy des i -- mation from the applicant in making its decision about whether to designate an Economic Revitalization Area. Otherwise this statement nurst stem to the designating body BEFORE a person installs the new manufacturing equipment, or BEFORE the redevelopment or rehabilitation of realpropen which the person wishes to claim a deduction. A statement of benefits is not required if the area was designated an ERA prior to July 1, 19e7 anc project'was planned and committed to by The applicant. and approved by(he designating body,prior to that date. 'Projects'planned or gmrrurted to July 1, 1987 and areas designated after July 1, 1987 require a STATEMENT OF BENEFITS. (IC 6-1.1.12.1) 2. Approval of the designating body(City Council. Town Board. County Council. etc.)must be obtained prior to initiation of the redevtloprrttru or •rehabr7ltz or prior to installation of the new manufacturing equipment, BEFORE a deduction maybe approved 3. To obtain a deduction.Form 322 ERA•Real Estate Improvements and/or Form 322 ERA/PP, New Machinery,must be filed with the courrty auditor respect to real property,Form 322 ERA must be filed by the later ot: (1) May 10:or(2)thirty(30)days atter a notice of increase ii r6Ul prppeny assess is received from the township assessor. Form 322 ERA/PP must be filed between March 1 and May 15 of the assessment year in which, an firing equipment becomes acspssable'unless a filing extension has been obtained. A person who obtains a filing extension must cle the tom bet March 1 and June 14 of that year. _ 4. Property owners whose Statement of Benefits was approved atter July 1, 1991 must submit Form Cr- 1 annually to show contp6ance with the Staiern, Benefits. (1C 6-1.1-12.1-5.6) - . 7 fit F i :TAXPAYER IN BidATION ' ;s ,~ ;;V:2 r < ,:-�,.. , . None of taxpayer • Heartland Automotive, Inc. Address of taxpayer(street and number,city,state and ZIP code) r • 300 South Warren Drive • Greencastle, Indiana 46135 Name of contact person Telephone number Ms. Bonita Stacy 1 ( 317 ) 653-4263 °:SECTION2 -. 0:_: _° =:LCICAT ONANDOESCRIFITOLICIFI AOPOSEOPROJECri: f y Name of designating body Resolution number Common Council, City Of Greencastle 1997-11 and 1997—T location of property County Taxing district • 300 South Warren Drive Putnam Greencastle City Description of real property improvements and/or new manulacturing equipment to be acquired(use additional Estimated starting date sheets if necessary) 45,000 square foot building addition to be constructed between April 1 , 1997 April 1 and September 30, 1997 and new manufacturing equipment Estimated compfttion date shown on attached listing. (Please see attached sheet. ) March 1 , 2000 -:. ' ON3 if.'—• -_v MATEOFEtdPLOYEESANQSA AI ' •I _T_O I OPOS z s•0103_CT ;.F - '= Current number Salaries Number retained Salaries Number additional' Salaries 262 $ 6,200,000 262 $ •6,200,000 0 0 sEC1 ON4. "s : -;.ESTOIATEOTOTACCOSTANDVAWEOFPA0P05EOPROSECT '` , 5 f: S 2" - "Y NOTE:Pursuant to IC 6-1.1.111 5.1 (d)(2)the , - .�.,Aeat St• • I •r, -m . - ... ::h _ - `4.1- T ry= ,z~' COST of the property is conidentiaL - .f?`;".r i!^=P'Cast:fel:r',a4'1: Assessed Value ?:j `%:'•Costlri::im!': Assesstd Vi Current values _ 2,827,816 641 , 120 17,988,282 1 ,127,0S Plus estimated values of proposed project , 2,500,000 700,000 8,229,000 822,90 Less values of arty property being replaced ` Net estimated values upon completion of project 5,327,816 '1 ,341 ,120 26,217,282 1 ,949,99 r. ... ` ...... . y.. 1, ' ._ y h ,y tw k r- _i W iiit r s Y,s �SFC1I10N.5��•._-.�.`�-�. .ti;,.. .. .. .� z '. - �- `-�.E�1iSPA0irti5EQOY�H�E�AI�PAYER�. �s.�s- - - - te.' ,1• - —`grO- c- Bc �f.ao .I TAXPAYERCERIIFICATION I .� .t .o... r I hereby certify that the representations in this statement are true-- Signature of authorized representative Tale Date signed(morn.day:Year A9 ,e ' / � f yes e`` 3 /Z r-1�-------•,... ter... ..... s +rs►*'.s.` .. .,y ib'-3,� OEtUSEOFTHEDESIGNATLNGBOD ---"e have reviewed our prior actions relating to the dig approved tion f iiy this body.s economic r vitalaid zatio U rresolo apand d und nder the 6-:1.1 :ant meets t 2 5 pro neral standards adopted in the resolutson previously vides for the following limitations as authorized under IC 6-1.1-12.1-2. 11 months 1 A. The designated area has been limited to a eriod of time not to exceed 2 Years calendar years' (see below). The date this designation expires is • B. The type of deduction that is allowed in the designated area is limited to: No 1. Redevelopment or rehabilitation of real estate improvements; ( Yes L�Yes 0 0 No 2. Installation of new manufacturing equipment; ;residentially distressed areas ❑Yes gNo C.The amount of deduction applicable for new manufacturing equipment installed and first claimed eligible for deduction after July 1, 1987,is limited to $ 8,229,E cost with an assessed value of S Tn be d -m.ata ed D.The amount of deduction applicable to redevelopment or rehabilitation in an area designated after September 1, 1988 is limited tc $ 22, 00,00Q cost with an assessed value of $ To be determined . E. Other limitations or conditions (specify) No tax abatement on tooling. F. The deduction for new manufacturing equipment installed and first claimed eligible for deduction after July 1, 19911s allowed for Clc 5 years 0 10 years 10 years on real estate improvements Also we have reviewed edetinformation hal the totality oft ained bene itshs sufficient to justify the deduction described above in te statement of benefits and find that the estimates and expectations are reason able and have determin ... Telephone number Date signed(month,day,year) Approved:(Si.. •to e and title •!authorue4 memQerJ 1997 1011° /r�2p ..,,,--Mayor ayor ( 765- S53-3100 Lril 9, • �... Designated body Attested b Cl7grk—Trea . Greencastle City Council • If the designating body limits the ime period during which an area is an economic revitilization area,it does not limit the length of tin a taxpayer is entitled to receive a deduction to a number of years designated under IC 6-1.1-12.1.4 or 4.5 Namely:(see tables bald Please see Resolution 1997-12 4 ti r 4R . �- RE-- ... - -' -- OHREHA81L to REHABILITATION N YJl�1ANUFACTURIHGEGUIF�AEN'i OF:REALPFIOPFRTYPIPROVE6IENT - ,:,For.DeductlorUsAllowedOutrAModOI: rir 1: tzi -. VarDedU3flSAIOWed0 ' 0Allowed t.01:.. :. z -: Year of Five(5)Year Ten(10)Year Year of Three(3)Year Ix(6)cYeea Ten (10)Y Deduction percentage Percentage Deduction Deduction 100% 100% 100% ir 100% 1009'0 1 Si 1st o 2nd a 66% 85% 95% 95% 95/o may. 3rd2nd • 90yo 3rd 33% 66% BOy. 85% 4th 65y. 4th 65% 80% 5th ' 34% 50'!. 6 5th 50% 6th 1 7°10 40'/. 6th 70% 30% 7th I 55% 7th 0% I 40% 8th 20 t Oth 9th I 30% 91h 5% 9th I 2501° 10th HEARTLAND AUTOMOTIVE, INC. ATTACHMENT TO STATEMENT OF BENEFITS The items listed below are pieces of new manufacturing equipment for which tax abatement is requested. Estimated Descripton of Equipment Purchases Cost Date Installed 1.) 650 Ton Injection Mold Press $ 520,000 September-97. 2.) Powder Slush Machine 3,250,000 October-98 3.) Preheating Press 1,950,000 October-98 4.) Water Jet Trimming Machine 1,300,000 October-98 5.) 550 Ton Injection Mold Press 494,000 February-99 6.) 850 Ton Injection Mold Press 715,000 February-99 Total Equipment Purchases $ 8,229,000 NOTE: Cost shown above represents estimated current cost installed, plus • 30%. The 30% increase in value is made to account for any increase in the purchase price, freight and/or installation cost that may be incurred by the time the equipment is actually installed. HEARTLAND AUTOMOTIVE,LLC E.I.#35-2026865 A STATEMENT ATTACHED TO AND MADE A PART OF FORM CF-1 COMPLIANCE WITH STATEMENT OF BENEFITS AS OF DECEMBER 31,2000 The foregoing tax return was prepared by the undersigned or under their direction. The facts stated therein were obtained from the taxpayer's records and other sources considered to be reliable and are believed to be true and correct. /c) OM/ Tara J.Kamm Date Representative of Arthur Andersen LLP 111 Monument Circle, Suite 4300 ,•� Indianapolis,Indiana 46204 E.I. #36-0732690