HomeMy Public PortalAbout19-2002-19 RESOLUTION NO. 2002 - 19 r .. ,.,s
A RESOLUTION AFFIRMING
H. A. PARTS PRODUCTS OF INDIANA COMPANY (2001 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 2001; 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.
COMMON COUNCIL OF THE CITY OF GREENCASTLE, INDIANA
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Mar N. Hammer oe M. Leichty V'
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Thomas W. Roach • e Rokicki
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Robert Sedlack
Approved and signed by me this 14th day of May, 2002 at 9.44 p.m. o'clock.
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Nancy A. ' hael, Mayor
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Pamela S. Jones, Clerk_T as er
i‘ COMPLIANCE WITH STATEMENT OF BENEFITS FORM
""` State Form 44973(R4 /12-01) CF-1
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�, Prescribed by the Department of Local Government Finance
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;VSTRUCTIONS: 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 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`S . _.. :.::. TAXPAYER::INFORMATION .:::
Name of taxpayer
H.A. Parts Products of Indiana Company DBA HAPPICO
Address 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
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 Aprils 02
Automated paint line & ovens, support equipment & flocking equipueiit.
SECTION 3 EMRLOYEESAND SALARIES :•.: :: .As Estimated onSB=1 Actual
:urrent number of employees 482 420
Salaries 1 3,400,000 $12,800,000
Number of employees retained 4 R 2 /y 2 n
Salaries $13 ,400,000 $12,800,000
Number of additional employees
Salaries
SECTION 4 COST AND VALUES :#teal Estate:improvements Machinery&Equipment Research&:Development:Equipment
Assessed Value :> >:s:Go ::::>::::>::::>: Assessed Value :.: :;.;:::ems#:;::>a:r<:: Assessed Value
Values before project 14,700,000 1,660,770'27,954,00C 9,948,000
Plus: Values of proposed project 2,000,000 TBD 4,100,00C TBD
Less: Values of any property being replaced
( Net values upon completion of project 1 6 7(]fl nn tl 3 2 0 5 4 000
al:•::::::::::•;:::•::::::•;;:.:::.::.:::.�::.:•:::.�::::.:�:•::::.:.;:•.�::.:.;::.::.�.t`ost:>::»::>:::;, Assessed Value tast:;:::>:::«:;: Assessed Value :> ::::::<:4tsd:<:::>N Assessed Value
Values before project 14,700,000 1,660,77027,919,000 8,473,889
Plus: Values of proposed project 1 ,984,953 TBD 4,523,000 TBD
Less: Values of any property being replaced
Net values upon completion of project 16,684,9E3 32,442,00C
NOTE:The COST of the property is confidential pursuant to IC 6-1.1-12.1-5.6(d).
SECTION 5< .. WASTE CONVERTEDAND,OTHER BENEFITS PROMISED BY THE TAXPAYER : . :1As Estimated oe SBA]
Amount of solid waste converted
Amount of hazardous waste converted
Other benefits:
TAXPAYER CERTIFICATION ::.• :_.
I hereby certify that the representations in this statement are true.
Signature of authorized representative Title Date signed(mo.,day,yr.)
General Manager ACCTG April 12, 2002
FOR USE OF THE DESIGNATING BODY
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:
I ❑ 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)
e"Ni 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
rTh 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
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:
i-., 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.