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HomeMy Public PortalAbout14-2001-14 RESOLUTION NO: 2001 - A RESOLUTION AFFIRMING HEARTLAND AUTOMOTIVE, LLC, OF COMPLIANCE WITH STATEMENTS OF BENEFITS (2000 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 2000; and, WHEREAS, said company is in the midst of the proposed expansion; 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. COMMON COUNCIL OF THE CITY OF GREENCASTLE A)7< Norm Crampton Thomas Roach,. •//4(‘A/Z! '-t Mark N. Hammer Mik Rokicki )14 Joe Leichty U Approved and signed by me this 8th day of May, 2001 at 92z clock, p.m. 77,/ct ae t rVt c e c_I Nancy Ajfichael, Mayor ATT . Pamela S. Jones, Cler - e urer — _. -- - FORM _i' `---V" 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 Tom(CF-1). - SECTION 1" TAXPAYER INFORMATION Name of taxpayer HEARTLAND AUTOMOTIVE, LLC Address of taxpayer (street and number,city,state and ZIP code) 300 SOUH WARREN DRIVE GREENCASTLE IN 46135 Name of contact person Telephone number GAYLE BARTHELMAN (765) 653-4263 SECTION 2 LOCATION AND DESCRIPTION OF PROPERTY Name of designating body Resolution number GREENCASTLE COMMON COUNCIL 2000-18 Location of property 300 SOUTH WARREN DRIVE County Taxing district GREENCASTLE IN 46135 PUTNAM CITY GREENCASTLE Description of real property improvements and/or new manufacturing equipment to be acquired Estimated starting date 132, 000 SQ. FT. EXPANSION 07/01/2000 SEE ATTACHED LI ST FOR EQUI PMENT Estimated completion date 07/01/2002 SECTIbI1F ' EMPLOYEES AND SAL'ARIp-: . As Estrmted on SB 1 Actual Current number of employees 358 366 Salaries 10,850,000 10,063,233 Number of employees retained 358 358 ".~alaries 10,100,000 10,063,233 Number of additional employees 150 8 Salaries 3,120,000 PROJECT MN YET CO MPLETEC SECTION4 COST AND VALUES .• heal Estate atprovements Machinery 8 Equipment Research&Development Equipment. +c,�dkv�f�ivcdr +em�-<���«.mvc,�<♦ • --� �Ft311�.t t.5 ; ; • . : :.........Oaf........... Assessed Value......................................:.. ::. ::.::::: asf:•:.;:::::; > Assessed Value ,.,,�:,s;;:;„�:::;;;;>;,,,,>.,...- ::•::::.:�»:%�;:<:;:::z::<:::<;;:;:;:::: ::::::::..�:•:.�:..::..�::::::.:: ..........Ctsst • • Assessed Value Values before project 5,39 9,995 17,999,40C Plus:Values of proposed project 6,000,OOC TBD 21,000,00C TBD Less:Values of any property being replaced Net values upon completion of project 11,34 9,9 95 38,949,90C ` :<'•;gtj . ::<:::::: Assessed Value =:':%�Gi3sf;::!:>::>�>::>i: Assessed......................... Value `> Assessed..... %'•:�>'•�$f>�%?�<�`� A Value Values before project TO BE-PROUIDEC ON FORM 322 Plus:Values of proposed project PROJECT NOT YET COMPLETED ERAi'PPME DUE ON MAY 15 2001 Less:Values of any property being replaced OR µ � s lAI,. ri1Y ORJk E1 'boll 1L�rAN • Net values uupon completion of project EXTENSION IS ANi ED NOTE: The COST of the property is confidential pursuant to IC 6-1.1-12.1-5.6(d). EXTENSION L 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 au zed r reenlative Titla I Date si ned (mo.,,day,yr.) Form CF-1,page 1-Copyright 0 2001 Decision Information Systems,Inc. INSTRUCTIONS: (IC 6-1.1-12.1-5.9) 1. Within fory-five(45)days after receipt of this form, the designating body may determine whether or not the proper),owner has substantially complied with the Statement of Benefits. 2. 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-i 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 ""N,ie property owner is found not to be in substantial compliance,the property owner shall receive the opportunity for a hearing. The ..,slowing date and time has been set aside for the purpose of considering compliance. Time of hearing Date of hearing Location of hearing DAM ❑PM HEARING RESULTS (to be completed after the hearing) n 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)] •aasoperty owner whose deduction is denied by the designating body may appeal the designating body's decision by filing a Taint 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©2001 Decision Information Systems,Inc. STATEMENT OF BENEFITS t~ State Form 27167(R5/11-95) PORN ' Form SB-1 is prescribed by the State Board of Tax Commissioners,1989 SB �eTe_ • • ,-+(STRUCTIONS: This statement must be submitted to the body designating the economic revitilization area prior to the public hearing if the designating body requires in mation from the applicant in making its decision about whether to designate an Economic Revitalization Area. Otherwise this statement must be submh to the designating body BEFORE a person installs the new manufacturing equipment, or BEFORE the redevelopment or rehabilitation of real property which the person wishes to claim a deduction. Projects"planned or committed to after July 1, 1987 and areas designated after July 1, 1987 requir STATEMENT OF BENEFITS. (iC 6-1.1-12.1) ?.. Approval of the designating body(City Council, Town Board, County Council, etc.)must be obtained prior to initiation of the redevelopment or rehabilitatic or prior to installation of the new manufacturing equipment, BEFORE a deduction may be approved. 3. To obtain a deduction, Form 322 ERA, Real Estate improvements and/or Form 322 ERA/PR New Machinery, must be filed with the county auditor. 14 respect to real property, Form 322 ERA must be filed by the later of: (1)May 10;or(2)thirty(30)days after a notice of increase in real property assessm4 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 new manuff luring equipment becomes assessable, unless a filing extension`has been obtained. A person who obtains a filing extension must file the form betwe March 1 and June 14 of that year. t. Property owners whose Statement of Benefits was approved after June 30, 1991 must submit Form CF- 1 annually to show compliance with the Statemc of Benefits. (iC 6-1.1-12.1-5.6) .SECTION • Name of taxpayer Heartland Automotive, LLC Address of taxpayer(street and number,city,state and ZIP code) 300 South Warren Dr, Greencastle, IN 46135 • - Name of contact person • Telephone number Gayle Barthelman ( 765) 653-4263 r CTIUNE r _ti� z �r OCATIOitAND FSC=,!!'IOi \lame of designating body �_.... Resolution number Greencastle Common Council Location of property County Taxing district ^')0 South Warren Drive Putnam City of Greencastle -.:ription of real property improvements and/or new manufacturing equipment ESTIMATED (use additional sheets if necessary) 132,000 Square Foot Expansion Start Date Completion Date See attached list for equiptment Real Estate 9/00 7/01, _ New Mfg Equipment 7/00 7/02 `tEC710N ` ESTIMATE FtMPtOirEESA . �� -� _ NDSALARIESAS current number Salaries10850000,, Number retained Salaries umber additional Salaries 358/50 Temp 358 10,100,00(� 3,120,000 150+ SECTION4 A _� ATEDTOTACCOST AND VALUE DFIPROPDSEDPRO�ECT NOTE:Pursuant to IC.fi 1 1 12.1 5.1 (d)(2)the lealEstaielmpravemeefs COST of the property is confidential.. Naga - " �� ''' ` A�ach�ge�r «•-•-• E,,.:, .--..,. GDsi >f:$ Assessed Value Cost Assessed Value Current values $ 5,349,995 $ 17,444,400 Plus estimated values of proposed project $ 6,000,000 TBD S 21 ,000,000 TBD Less values of any property being replaced — — - — Net estimated values upon completion of project $ 11,349,995 $ 38,444,400 -=�SECTIDN$ ..,. .�= �_ :,;_ �IIVAS7E�G�iVERTED_AND:�iTHER�ENEFJTS�ROMISED8Y�t1ETAXPAY�f3-�'�_� '�`� y '' Estimated solid waste converted(pounds) Estimated hazardous waste converted (pounds) Other benefits: • SECTIONI); rr = r s ': 'AXPAYF. CERTIFI mirmal • I hereby certify that the representations in this statement are true. Signature of authorized represe tative Title Date signed (month, day,year) UP CrPAsu-er . /3 t / 200 0 • FTHE FSiGNAT :.:�..:....:.:: We have reviewed our prior actions relating to the designation of this economic revitalization area and find that the applicant meets the ge teral standards adopted in the resolution previously approved by this body. Said resolution, passed under IC 6-1.1-12.1-2.5, pro-for the following limitations as authorized under IC 6-1.1-12.1-2. 30 months A.The designated area has been limited to a period of time not to exceed K rxyVfg* (see below). The date this designation expires is December 31 , 2002 B.The type of deduction that is allowed in the designated area is limited to: 1 . Redevelopment or rehabilitation of real estate improvements; Yes ❑ No 10 years 2. Installation of new manufacturing equipment; bia Yes ❑ N o 5 years 3. Residentially distressed areas 0 Yes Kl No C.The amount of deduction applicable for new manufacturing equipment is limited to$ 21 ,000, 000 cost with an assessed value of$ To be determined D.The amount of deduction applicable to redevelopment or rehabilitation is limited to $ 6 ,000 , 000 cost with an assessed value of$ To be determined E.Other limitations or conditions (specify) Abatement NOT granted for tooling . F. The deduction for new manufacturing equipment installed and first claimed eligible for deduction after July 1, 1991 is allowed for: g 5 years 0 10 years The deduction period will be five(5)years unless the designating body has by resolution specified the ten(10) year period. Also we have reviewed the information contained in the statement of benefits and find that the estimates and expectations are reason- able and have determined that the totality of benefits is sufficient to justify the deduction described above. proved: (si ature an d tle of autho ized member) Telephone number Date signed (month, day,year) Nanc A. Michael Mayor ( 765 ) 653-3100 June 27, 2,000 ested Designated body Pamela S . Jones, Clerk-Treasurer Greencastle Common Council ' If t...;designating body limits the time period during which an area is an economic revitilization area,it does not limit the length of time 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 below) 4 : NEW MANUFACTURING EQUIPMENTi'r REDEVELOP1 ENT OR REHABILITATION OFAEALPROPI: igYIMPROVEMENT For Deduct ►11a OvgrA Period 3f . w •. :.Far aeductto s A a ed O:4 *•d 1- ....7. Year of Five(5)Year Ten(10)Year Year of Three(3)Year Six(6)Year Ten(10)Year Deduction Percentage Percentage Deduction Deduction Deduction Deduction 1st 100% 100% 1st 100% 1000 100% 2nd 95% 95% 2nd 66% 85% 95% 3rd 80% 90% 3rd 33% 66% 80% 4th 65% 85% 4th 50% 65% 5th 50% 80% 5th 34% 50% 6th 70% 6th 17% 40% 7th 55% 7th 30% 8th 40% 8th 20% 9th 30% 9th 10% 10th 25% 10th , , 5% 1 , Heartland Automotive, LLC Expansion Project Information (Confidential) Presentation to the City of Greencastle May 31, 2000 To meet a 60% production increase and a new business by our main customer, SIA, in the next year(s)2001 and/or 2002, we need the following manpower and have estimated capital investment expenditures of: 1) Building (132,000SQF) $6,000,000 2) 3 injection molding machines $4,000,000 (650ton'— 3,000ton) 3)Apron machine $2,000,000 4) Headliner machine $3,000,000 5) Paint system $12,000,000 Total investment $27,000,000 6) Manpower increase in 2001 and/or 2002 150— 200 HEARTLAND AUTOMOTIVE,LLC E.I.#35-2026865 A STA1EMENT ATTACHED TO AND MADE A PART OF FORM CF-1 COMPLIANCE WITH STA1JMENT 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. Tara J. Kamm Date Representative of Arthur Andersen LLP 111 Monument Circle,Suite 4300 Indianapolis,Indiana 46204 E.I. #36-0732690