HomeMy Public PortalAbout12-2005-12 --� RESOLUTION NO. 2005- 12 G SCANNED
A RESOLUTION AFFIRMING
HEARTLAND AUTOMOTIVE LLC (2003 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 form CF-1/PP as of February 28, 2005 for tax
abatement granted in 2003; and
WHEREAS, the Greencastle Common Council has reviewed the CF-1/PP 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/PP 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/PP form with the Putnam County Auditor.
PASSED by the Common Council of the City of Greencastle at its regular meeting this 10th
day of May, 2005.
COMMON COUNCIL OF THE CITY OF GREE CASTLE, INDIANA
ccez 4//1-
Russell Evans k N. Hammer
ohn Lame Thomas W. Roach
Robert P. Sedlack
Approved and signed by me this 10th day of May, 2005 at p.m. o'clock.
ACT a
Nancy A. Mic ael, Mayor
ATTEST:
eresa Glenn, Clerk- reasurer
•i''- •:, . COMPLIANCE WITH STATEMENT OF BENEFITS FORM
'I PERSONAL PROPERTY CF-1 /PP
State Form 51765(5-04)
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--- 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. (IC 6-1.1-12.1-5.6)
2. This form must be filed with Form 322 ERA/PPME or Form 322 ERA/PP Other 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.
3. With the approval of the designating body, compliance information for multiple projects may be consolidated on one(1)compliance
(CF-1).
SECTION 1 TAXPAYER INFORMATION
Name of taxpayer
aEAOLAND AuTo/`loT1vE1 LLc.
Address of taxpayer(street and number,city,state and ZIP code)
300 S, whRKEN bR. Gt.EENCtSrI t IN 4613,c
Name of contact person Telephone number
'Rot Dh'J(S C76C) 6S3 - `tei63
SECTION 2 LOCATION AND DESCRIPTION OF PROPERTY
Name of designating body Resolution number
GrEENCASTLE (AMON CovioGIL aoo3 — t‘ 140
Location of property County Taxing district
UT/Li AS MM,VE pJfNA/A Ct-r( OF (rREENCMTLt
Description of new manufacturing equipment,or new research and development equipment,or new information Estimated st inq date
technology equipment,or new logistical distribution equipment to be acquired. 1 03
SEE P 1ThcIf b UST FoK EQVtfiENT Estimated co pletion date
ot 'oy
SECTION 3 EMPLOYEES AND SALARIES !As Estimated on SBA Actual
Current number of employees it 7. 01
Salaries to a33t o0D 11I 3S-1168S-
Number of employees retained l.tyy l.jL(L
Salaries 1l,1331 00 6 17 i g i 000
Number of additional employees 0
Salaries $3a1oOO 71IIg1 (gS
SECTION 4 COST AND VALUES Manufacturing R&D Equipment Logist Dist Equipment IT Equipment
Equipment
As Estimated on SB-1 Assessed Assessed Assessed Assessed
Value Value Value Value
Values before project aS321•I
Plus: Values of proposed project 1110001Obo
Less: Values of any property being replaced
Net values upon completion of project 3 ▪ •r'
Assessed „,#m' " . Assessed
e' Assesseds Assessed
Actual Value ft, : ,V. Value ' + -kI Value ` y3 Value
Values before project 9°r Ill▪000 T E b
S
Plus: Values of proposed project I(,O (3g,
Less: Values of any property being replaced
Net values upon completion of project 3tS71(386
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 I As Estimated on SB-1 I 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 repre tativ ` Title Date si ned(mg/
y,yr
FOR USE OF THE DESIGNATING BODY
INSTRUCTIONS: (lC 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 and/or logistical distribution equipment and/or information technology
equipment,a copy of the written notice shall be sent to the Department of Local Government Finance.
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 Department of Local Government Finance.
We have reviewed the CF-1 and find that:
111 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)
Sig to e o authorizAmember. Date signed(month,day,year)
cy A. Michael, Mayor May 10, 2005
Atfeste Designating body
resa Glenn, Cleric-Treasurer 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)]
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.
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Heartland Automotive, LLC.
Investment for Full Model Change
Attachment to Statement of Benefits
July 31, 2003
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To meet the full model change of the current car for our main customer, SIA,in the next year 2004,
we will have the following estimated capital investment expenditures.
1)Molds $20,000,000
2)Machinery/Equipment $11,000,000
a)Injection molding macs(2) $3,000,000
) b)Upgrade of injection molding machines $1,000,000
c)Paint facility $1,000,000
d)Rack $1,000,000
e)Other machinery/equipment $5,000,000
Notes: Machinery and equipment are considered Pool 3.with an asset life of 9 to 12 years.
The upgrade of injection molding machines will extend the life of this asset.
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