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HomeMy Public PortalAbout20-2002-20 , ._ Cr AVID RESOLUTION NO. 2002 - 20 A RESOLUTION AFFIRMING HEARTLAND AUTOMOTIVE LLC (1997 Expansion) OF COMPLIANCE WITH STATEMENTS OF BENEFITS WHEREAS,Heartland Automotive LLC 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 February 25, 2002 for tax abatement granted in 1997; and WHEREAS,the Greencastle Common Council has reviewed the CF-1 form, a copy ofwhich 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 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 4 t Mar N. Hammer Joe M. Leichty 2-,,, '.-/ , , /Thomas W. Roach ' e Rokicki -\Zf.r-j --r .<A-Lek Robert Sedlack Approved and signed by me this 14th day of May, 2002 at p.m. o'clock. 6% fiat--A , _-;) Nancy A. Mi ael, Mayor TT S : 1 4, Pamela S. Jones, Clerk-T e ur r V°` =' 4- COMPLIANCE WITH STATEMENT OF BENEFITS FORM State Form 44973(R4/12-01) CF-1 �97:1' Prescribed by the Department of Local Government Finance 3.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 f"—'• property located in a residentially distressed area). (/C 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 pf 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 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 Ron Davis (765) 653-4263 SECTION 2 LOCATION AND DESCRIPTION OF PROPERTY Name of designating body Resolution number Heartland Automotive, LLC 1997-11 & -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,or new research and development Estimated starting date equipment to be acquired 04/01/1997 See attached Estimated completion date 03/01/2000 SECTION 3 EMPLOYEES AND SALARIES As Estimated on SB-1 Actual Current number of employees 262 3 6 0 Salaries 6,200,000 11,084,486 ,'lumber of employees retained 262 262 Salaries 6,200,000 6,200,000 Number of additional employees 9 8 Salaries 4,884,486 SECTION 4 COST AND VALUES Real Estate and Improvements Machinery&Equipment Research&Development Equipment As Estimated on SB 1 E Assessed Value , . Assessed Value LK - Assessed Value Values before project IIMMICEINIZOOMMI=ECE 1,12 7,0 9•-_ Plus:Values of proposed project 2,5 0 0,0 0. 7 0 0,0 0. 8,2 2 9,0 0• 8 2 2,9 0. Less:Values of any property being replaced Net values upon completion of project . . Actual - Assessed Value • Assessed Value 1*„1,_= ;1 Assessed Value Values before projectMIEMEIMEZMI To i E 'rz o V Plus:Values of proposed project ' r : P M 1 MPRISIMINIE Less:Values of any property being replaced Or ' C2 ar , ,Net values upon completion of project 1,013,4 7. 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 converted Other benefits: 'ECTION 6 TAXPAYER CERTIFICATION I hereby certify that the representations in this statement are true. Signature of authorized represent e Title p�Q�� Date signed (mo.,day,yr.) ttiv a. d e.t,. /Z 2/0 Z • Forth CF-1,page 1-Copyright C 2002 DIS,Inc. CtienUloc 35-202685 Name of taxpayer Heartland Automotive, LLC SECTION 2 • LOCATION AND DESCRIPTION OF PROPERTY Description of real property improvements and/or new manufacturing equipment to be acquired 45, 000 square foot building addition to be constructed between April 1 and September 30, 1997 and new manufacturing equipment shown on attached listing. • Attachment to Form CF-1,page 1,Section 2-Copyright©2002 OIS,Inc. Client/Loc 35-202685 0 U • THE DESIGNATING BODY * 411 n 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 propery owner has substantially complied with ,0•", the Statement of Benefits. . If the property owner is found NOT to be in substantial compliance,the designating body shall send the properly 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 CAM ❑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)] property owner whose deduction is denied by the designating body may appeal the designating body's decision by filing a .:omplaint 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®2002 DIS,Inc. Client/Loc e) .� •l'a garaa.._•♦•Ali v• uGL' C' 7 : a State Fwm 27167 trt(r 10-934, `fit' 1 foczn 58.1 isprta�bt sd by the o17u m Cocr�izsioncrs. 1969 j• N i� • INSTRUCTIONS: 1. Th(s statement must be submitted to the body designating the economic revitrTization area prior to the public hearing d the d matron from the applicant i t making its decision about whether to designate an Economic Revitilization Area. Otherwise this s fo the designating body BEFORE a person installs the new manufadunn9 equipment, or BEFORE the redevelopment or r which The person wishes to claim a deduction_ A statement of benefits rs not required if(he area was designated an ERA p July i a7 project'was planned and committed to by the applicant, and approved by the designating body.prior to that date. 'Projects'planned or July f, 1987 and areas designated after July 1, 1987 require a STATEMENT OF BENEFITS. (IC 6-1.1-121) 2. Approval of the designating body(City Council. Town Board. County Council.etc.)must be obtained prior to initiation of the redevelopment or rehabr7 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 fled with the minty a, or respect to real property;Form 322 ERA must be Wed by the later of: (1)May 10:or(2)thirty(30)days after a notice of increase in rshl is received from the township assessor. Form 322 ERA/PP must be filed between March f and May 15 of the assessment year se tuning equipment becomes acs cable:unless a tiling ex-tension has been obtained. A person who obtains a fling extension must Ere the loan Much 1 and June 14 of that year. 4. Property owners whose Statement of Benefits was approved alter July 1, 1991 must submit Form CF- 1 annually to show Benefits. (IC 6-1.1.12.1-5,6) • with Staten 'SECTtON1 ;,��_ ..�,- t ; ;• : r y . .P: • t • it •TION* t r , - .a k ,-. ;_. _.._.. . :.-= :_.:r. Name oi taxpayer • Heartland Automotive, Inc. Address of taxpayer(street and number,city,state and ZAP code) 300 South Warren Drive Greencastle, Indiana 46135 Name of contact person Telephone number Ms. Bonita Stacy _ ( 317 ) 653-4263 sECt10l1 2,-' � : t x _ .LCCATIONAN0 DESCRtPTIONOFPAOPOSEO PROJECTNY Name of designating enc aeSotuv«,number Commonouil, City Of Greencastle 9971 end 1997-1? Location of property city Taxing district ' 300 South Warren Drive Putnam Greencastle City Description of teat property kripcorements and I or new manufacturing equipment to be acquired(use additional Estimated starting data sheets d 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 completion date shown on attached listing. (Please see attached sheet. ) March 1 , 2000 ='$ECTICIN3 =t. 4fi- `'--EESTit�1A?EOFEMPLOYEESANDSAIAR_IESASTIESULTOFP e . AOPOSEO_PROIECT ..; ,. _ Current number a !Salares Number retained Salaries Number addtionaf' Salaries 262 $ 6,200,000 I 262 $-6 200,000 0 0 "== ::=ESTigiATEOTOTALCce ATipVALUEOFPAOPOSEtiPAOJECT, NOTE:Pursuant to IC 6.1.1.12.1 5.1 (d)(2)the ;' _:: -I�ealEslatctmproYetnenfS' z COST of the property is confidential . If Cost z._'r1:1z;' As essed Value .),2_:1."Cost trAi ii•?t`t Assessed V: Current values 2 827,816 - 649 , 12N 17,988,282 1 127 OS Plus estimated values of proposed project 2 500,000 700,000 8, • i i i Less values of any property being replaced 90 Net/teTs-timated values upon completion of project 5,327,816 1 ,341 ,120 26,217,282 1 949 9' 5"ZSECT(Oti5.0 +1x1Nti r •#5 Gun f +r- .. :r., .. , fF-a r .>:?";'...i;"nf.r. .. ''-�r+,'ei?m r O�E� •• - `^t c ey-c�e'�.�`r_:_-,�+, _.. _ 'E_N.EFIYS AOG7ISEOBY.,7HETAXPAYER� ��-�+;��_��;*''`" 'a. '`'•� :�:���:• .-e:"'*'.'s:?.sy� .A-d tti •ti7� ajt-a .F;.'t ?hM7�vlO���a?'�'.jrv�cy.x'^2.r+-.t+.��K:'Y•_'-:s�..�$z .. �- i ... i .... . .. n __ Y �r ....- ...`"2��'��' TAXPAYER CEEiTiF�CAnON. -,�• _ _._ .. -.•- • I hereby certify that the representations in this statement are true: Signature of authorized represontatrve Title 'Date signed(month.da%year 6441 p\- s,i ck ekA t 3 rf �-._FORIJSEOFTHEDESIGNATUNGB9• ' 'y ` �` - :'V • de have reviewed our prior actions relating to the designation of this economic revitalization area and find that the applicant meets the general standards adopted in the resolution previously approved by this body. Said resolution, passed under IC 6-1.1-12.1-2.5, pro. vides for the following limitations as authorized under IC 6-1.1-12.1-2. 11 months A. The designated area has tot limited to a eriod of time not to exceed 2 years calendar years' (see below). The date this ch 1, 200'0 designation expires is • B. The type of deduction that is allowed in the designated area is limited to: 1. Redevelopment or rehabilitation of real estate improvements; a Yes 0 No 2. Installation of new manufacturing equipment; Git Yes 0 No .S.-Residentially distressed areas ❑Yes g No C.The amount of deduction applicable for new manufacturing equipment installed and first claimed eligible for deduction after July 1, 1987,is limited to$ 8,229,000 cost with an assessed value of$ - Tn hP dPtbratined 0. The amount of deduction applicable to redevelopment or rehabilitation in an area designated after September 1, 1938 is limited lc $ 2,500,000 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, 1991Is allowed for Clt 5 years 0 10 years 10 years on real estate improvements 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. 1lppcoved:(s e and title authorized member) Telephone number Date signed(month,day.year) /� yor ( 765-p53-3100 April 9, 1997 • lt'l'meted b Designated body 0_,,f,_rt_ciaL__ /1_,_ 6 CJ.,erk—Treas. Greencastle City Council ' If the designating body remits the ime period during which an area is an economic revitiiization area,it does not Emit 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 beta Please see Resolution 1997-12 EV j1iEYJldANUFAL`TUI3INGEnUiPMFM'_; t : OF.REALPAOPE G'„PRDVEr,;ENT `' - - For.DeducUon9Altowed0>r1erAPalodOf: :'14: - i.. ! rat DedudlonsAllowedOverAPcrlodOt:.- :,:Year o1 Five(5)Year I Ten(10)Year Year of Three(3)Year Six(6)Year Ten(1�c Deduction I Percentage Percentage Deduction Deduction Deduction 1st 100% 100% 1St 100% 100% 100% 2nd 95% 95% — 2nd 4• 66% 85% 95% 3rd 80% • 90'/. _ 3rd 33% 66% � 4th 65% 85% 4th 50% 65% 5th S0% 80% 5th • 34% 50% 6lh 70% 6th 17% 40'/• � 7th I 55% 7th 30% 8th I 40% 8th 209'< 9th I 30% 9th 104% 101h I 25% J 10th 5% 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 31,2001' 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. iC) /C. Tara J.Kamm Date Representative of Arthur Andersen LLP ,?"-\ 111 Monument Circle,Suite 4300 Indianapolis,Indiana 46204 E.I.#36-0732690