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Home My Public Portal About18-2002-18 RESOLUTION NO. 2002 - 18 eg, re Penn A RESOLUTION AFFIRMING H. A. PARTS PRODUCTS OF INDIANA COMPANY (1997 Expansion) OF COMPLIANCE WITH STATEMENTS OF BENEFITS WHEREAS, H. A. Parts Products of Indiana Company has heretofore been granted certain tax abatements in consideration of certain benefits for the City of Greencastle; and, WHEREAS, said company has submitted a from CF-1 as of April 12,2002 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 H. A. Parts Products of Indiana Company. BE IT FURTHER RESOLVED that this Resolution of the Greencastle Common Council be made a record and filed along with the CF-1 form with the Putnam County Auditor. PASSED by the Common Council of the City of Greencastle at its regular meeting this 14th day of May, 2002. KN. COUNCIL OF THE CITY OF GREENCASTLE INDIANA Ma k N. Hammer oe M. Leichty V y G,/�C� >- L /7 f//// T�h�o as ma W. Roach h Mi e Rokicki VRobe Sedlack Approved and signed by me this 14th day of May, 2002 at Cp.m. o'clock. e eL.. Nancy A. hael, Mayor ATT ST: • Pamela S. Jones, Clerk-T (ea r r COMPLIANCE WITH STATEMENT OF BENEFITS I FORM iA State Form 44973(R4 /12-01) CF-1 N. Prescribed by the Department of Local Government Finance ..) �� r iSTRUCTIONS: 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. lithe 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 or New Research and Development Equipment,this form must be filed with Form 322 ERA/PP,ME, or R and DE respectively 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 the extended due date 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:# TAXPAYER INFORMATION :> >. » -. >;>::> Name of taxpayer H.A. Parts Products of Indiana Company DBA HAPPICO ilAddress of taxpayer(street and number,city,state and ZIP code) 2200 SR 240E. , Greencastle, IN 46135 Name of contact person Telephone number Mike Burns ( 765 ) 653-2000 ext 210 #SECTION 2 LOCATION AND DESCRIPTION OF PROPERTY..z Name of designating body Resolution number Common Council — City of Greencastle 2001-5,1997-2,1992-1,1991- Location of property County Taxing district 2200 SR 240 E. , Putnam Greencastle City Description of real property improvements and/or new manufacturing equipment,or new research and development Estimated starting date equipment to be acquired 3-1-01 Real improvements include expansion of existing building Estimated completion date (92,000 sq ft) & construction Of detached building (24,000 sq ft) Real Nov 01, PP April 02 Automated paint line & ovens, support equipment & flocking equipuleuL. SECTION 3 ::. ;: EMPLOYEESANDSALARIES .. ,. ... ., : sEstim ated on:SB 4 >..Actuai< <'. urrent number of employees 482 420 Salaries $11,400,000 $12,800,000 Number of employees retained 482 f+20 Salaries 13.4 0 0.000$ $12,800,000 Number of additional employees Salaries v SECTION4 ;.ftealEstateimjirovements :Machinery&:Equipment ResearctiaDevelopmentEquipmerit . COSTANLT VALUES . ..-... CAEStftBtE....d[...s..:SBi....t.> :: :...;: .,,...... : ........................ s>: =:i. Assessed Value =.::<:::>::>:C....#..:.:.<:::::: Assessed Value ; .:.>::.C: vs . _::>::> Assessed Value Values before project 14,700,011 1,660,770 '7,954,001 9,948,000 Plus: Values of proposed project 2,000,061 TBD 4,100,001 TBD Less: Values of any property being replaced Net values upon completion of project 1 6 7 0 n n n '7,054 n 0 :..AGhlal:::::::: :.ii$ :::>::::�'?;'::' E::E>:?::i %::;::::::?:::::%::?::: ::> >cost::>z>::>:> Assessed Value 1;issf::::::::::::<::: Assessed Value ;>:.;;:<-.:; Assessed Value ..:..::. :..........::..:.:...:...:::..:.:.:::::,.:..::,....::...,:, . . ::-;::;._;:.:.........;;:::.:::; Values before project 14,700,010 1,660,770'7,919,001 8,473,889 Plus: Values of proposed project 1 ,984,9'3 TBD ,523,000 TBD Less: Values of any property being replaced Net values upon completion of project 16,68 4,9� i 2,4.42,001 NOTE:The COST of the property is confidential pursuant to IC 6-1.1-12.1-5.6(d). SECTIONS :::WNASTE CONVERTED AND;OTHER BENEFITS PROMISED BY THE TAXPAYER .....:As Estimated Ion SB f ., Acttial! Amount of solid waste converted Amount of hazardous waste converted Other benefits: SECTION 6 :TAXPAYER'�CERTIFICATION I hereby certify that the representations in this statement are true. Signature/off authorized� representative Title Date signed(mo.,day,yr.) �V1 J'li ~S----- General Manager ACCTG April 12, 2002 FOR USE OF THE DESIGN•A•TING BODY P°.1 INSTRUCTIONS: (IC 6-1.1-12.1-5.9) 1. Within forty-five(45)days after receipt of this form,the designating body may determine whether or not the property 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-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 If 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) ❑ Approved ❑ Denied(see instruction 4 above) Reasons for the determination(attach additional sheets if necessary) Signature of authorized member Date signed(month,day,year) Attested by: Designating body f 1 APPEAL RIGHTS[IC 6-1.1-12.1-5.9(e)] A property owner whose deduction is denied by the designating body may appeal the designating body's decision by filing a complaint 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. To: Greencastle City Council From: Mike Burns General Manager of Accounting HAPPICO s Date: April 25, 2002 RE: FORM CF-1 COMPLIANCE WITH STATEMENT OF BENEFITS Our Statement of Benefits submitted with our request for property tax abatement on our building expansion and automated paint line estimated the following: Real property improvements of$2,000,000 and personal property improvements of $4,100,000. Number of employees of 482 as of February , 2001 would be retained and no additions. Per the Form CF-1 provided this year, our actual improvements and employee are: Real improvements of$1,984,953 and personal property improvements of$4,523,000. We have met or exceeded our projected improvements. Our current number of employees is 420. The decrease in our number of employees is primarily due to the economy and specifically to the decreased sales to Isuzu. The decrease has been primarily through attrition, employees leaving on their own, and HAPPICO not replacing them. We did have our first ever layoff of 31 hourly employees and 4 salaried employees in February, 2002. The hourly employees are subject to recall and we have already recalled 6. Our projected sales for the current year are approximately $46,000,000 and we project fiscal year 2003 sales of approximately $70,000,000.Although we are not at the level of employees we projected at this time, we are confident next year our numbers will increase to close to our projections. Strong marketing efforts have secured new business with Nissan for the Maxima, Quest, new full size pick-up and new SUV. Subaru will also be launching several new vehicles and HAPPICO has been awarded several parts for those vehicles. We are also pursuing new business as a tier two supplier for Toyota and Honda. Please feel free to contact me with any questions you may have. Thank you for your support of the HAPPICO operations. •