HomeMy Public PortalAbout17-2004-17 zz*
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RESOLUTION NO. 2004 - 17
A RESOLUTION AFFIRMING
F.B.DISTRO,INC. (1992 and 1999 Expansions)
OF COMPLIANCE WITH STATEMENTS OF BENEFITS
WHEREAS, F. B. Distro, 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 from CF-1 as of March 6,2004 for tax abatement
granted in 1992 and 1999; 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 F. B. Distro, Inc.
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 8th
day of June,2004.
COMMON COUNCIL OF THE CITY OF GREE ASTLE, INDIANA,
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sell Evans Ma N. Hammer
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ohn Lanie Thomas W. Roach
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Robert P. Sedlack
Approved and signed by me this 8th day of June, 2004 at9' .5 p.m. o'clock.
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Nancy A. M hael, Mayor
ATTEST:
P" Teresa Glenn, Clerk-Treasurer
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COMPLIANCE WITH STATEMENT OF BENEFITS FORM
.Via't'rf• State Form 44973(R4 /12-01) OF-1
Prescribed by the Department of Local Government Finance
p-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 or New Research and Development Equipment,this form must be filed with Form 322 ERAIPP,ME,
or R and DE respectively between March 1 and May 15 of each year,unless a filing extension under/C 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
F.B. Distro, Inc.
Address of taxpayer(street and number,city,state and ZIP code)
450 Winks Laner Bensalem,JBA-19020-----,
Name of contact person Telephone number
Kathleen H. Lieberman ( 21 ) 638-6905
SECTION 2 LOCATION AND DESCRIPTION OF PROPERTY
Name of designating body Resolution number
Greencastle City Counsel 1992-18
Location of property County Taxing district
1901 State Highway, 240 E. Greenca, le, TN nr,tnam Ci t-y of GrPPncast-]p
Description of real property improvements and/or new manufacturing equipment,or new research and development Estimated starting date
equipment to be acquired November 1992
Construction of 200,00 sq. ft. building addition Estimated compleuuh4,.dte
for a material handling system JMarch 1996
SECTION 3 EMPLOYEES AND SALARIES As Estimated on SB-11 Actual
Current number of employees 235 262
Salaries 2,900,000 5.1 million
Number of employees retained 235 262
Salaries 2,900,000 5.1 million
Number of additional employees 40-50 10
Salaries 400-500,000 400-500,000
•
SECTION 4 COST AND VALUES Real Estate Improvements Machinery&Equipment Research&Development Equipment
As Estimated on SB-1 `a V.:1- eii:7 w Assessed Value , Assessed Value o, ->w ` Assessed Value
Values before project ,000,000 1 ,706,560
Plus: Values of proposed project 0,000,0002,730,900
Less: Values of any property being replaced 0 0
Net values upon completion of project 1 ,000,000 4,437,460
Assessed Value A r�.,, 4 b •G�is�.,�"�;�, Assessed Value t� •Cost,��.-:= Assessed Value
Values before project 1 ,000,000 1 ,706,560
Plus: Values of proposed project 9.063.865 2,401 ,980
Less: Values of any property being replaced 0 0
Net values upon completion of project 00,063,865 4,108,590
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-li Actual
Amount of solid waste converted
•
Amount of hazardous waste converted
Other benefits:
SECTION 6 TAXPAYER CERTIFICATION
I hereby certify that the representations In this sta mentare true.
Signature,of authorized representative Tiii Date signed(mo.,day,yr.)
INSTRUCTIONS: (IC 6-1.1-12.1-5.9) FOR USE OF THE DESIGNATING BODY
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 I 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 authoriz eber 7 Date signed(month,day,year)
4 ,i(/2/A—*�-f ancy Michael , Mayor June 8 , 2004
ted by: t Designating body
esa Glenn, Clerk-Treas . Greencastle City Council
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
l 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.
sq
'" COMPLIANCE WITH STATEMENT OF BENEFITS FORM
! Fjli State Form 44973(R4 /12-01) CF-1
Prescribed by the Department of Local Government Finance
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 or New Research and Development Equipment,this form must be filed with Form 322 ERAIPP,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 1 TAXPAYER INFORMATION
Name of taxpayer
F.B. Distro, Inc.
Address of taxpayer(street and number,city,state and ZIP code)
1901 State Highway, 240 E. Greencastle, Inc. 46135
Name of contact person Telephone number
Larry_ Moore ( 765) 653 7508
SECTION 2 LOCATION AND DESCRIPTION OF PROPERTY
Name of designating body Resolution number
Greencastle City Counsel 1999-10
Location of property County Taxing district
1901 State Highway, 240 E. Greencastle, TN Putnam City of Grepnc' ct1e
Description of real property improvements and/or new manufacturing equipment,or new research and development Estimated starting date
equipment to be acquired
60,000 sq. ft. building for a material handling system Estimated� comp etion date
August 1999
SECTION 3 EMPLOYEES AND SALARIES As Estimated on SB-1 Actual
Current number of employees 235 262
Salaries 2,900,000 5.1 million
Number of employees retained �r 262
Salaries 2,900,000 5.1 million
Number of additional employees 62 10
Salaries $900,000 $400-500,000
SECTION 4 COST AND VALUES Real Estate Improvements Machinery&Equipment 'Research&Development Equipment
As Estimated on SB-1 .Cost! "' Assessed Value jc - Cost,. 3 Assessed Value a'``Oti.Cesft`'..4 Assessed Value
Values before project 11 ,000,00C 10,000,000
Plus: Values of proposed project 2,000,00C 2,000,000
Less: Values of any property being replaced 0 0
Net values upon completion of project 13.000.000 12,000,00Q
;Cost Assessed Value ' ,�r'Coa i i Assessed Value Cost Assessed Value
Values before project 1 ,000,000 10,000,000
Plus: Values of proposed project 7 02n nnq . 2,5014fl03
Less: Values of any property being replaced 0 0
Net values upon completion of project 13,O2n,00m 12 500 nni
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 fAs Estimated on SB-1I Actual
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 of authorized representative Tide Date signed(mo.,day,yr.)
1-2
el,.e.idoJ /4 ,A,Gq!y,A,,,, - y/z,
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:
El 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 autho' member Date signed(month,day,year)
etw,1 k—Nancy Michael , Mayor June 8 , 2004
Att�¢ted by: Designating body
✓�lj Teresa Glenn, Clerk-Treas . Greencastle City Council
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
APPEAL RIGHTS[IC 6-1.1-12.1-5.9(e)j
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.