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HomeMy Public PortalAbout15-2006-15 • v. RESOLUTION NO. 2006- 15 SCANNED A RESOLUTION REAFFIRMING RESOLUTION 2006 - 9 AND DECLARING AN ECONOMIC REVITALIZATION AREA AND RECOMMENDED TAX DEDUCTION (FB DISTRO DISTRIBUTION CENTER, LLC) WHEREAS,the laws of the State of Indiana,specifically I.C.6-1.1-12.1-1,et. Seq.,provide for the creation of economic revitalization areas within the corporate limits of the City of Greencastle,Putnam County,Indiana,for the general purpose of providing property tax deductions to encourage private redevelopment of areas which have become undesirable for,or impossible of, normal development and occupancy because of a lack of development, cessation of growth, deterioration of improvements or character of occupancy,age,obsolescence,substandard buildings or other factors which have impaired values or prevent normal development of property or use of property; and, WHEREAS,the term"economic revitalization area"also includes any area where a facility or group of facilities that are technologically,economically or energy obsolete are located and where the obsolescence may lead to the decline in employment and tax revenue; and, WHEREAS, "redevelopment" means the construction of new structures in economic revitalization areas either on unimproved real estate or on real estate upon which a prior existing structure is demolished to allow for new construction; and, WHEREAS, "rehabilitation" means remodeling, repair or betterment of property in any manner or any enlargement or extension of property; and, WHEREAS,pursuant to applicable laws of the State of Indiana,the Common Council of the City of Greencastle may create said economic revitalization area through the adoption of a resolution; and, WHEREAS, the need exists to establish an economic revitalization area in order to encourage private redevelopment in the City of Greencastle, Putnam County, Indiana; and, WHEREAS, FB Distro Distribution Center, LLC has planned the economic revitalization of their operations by investing up to $11,850,000 in the expansion of their facility and in new logistical distribution and information technology equipment to support additional operations resulting in the retention of 269 jobs and the creation of 18 additional jobs at their facility. FB Distro Distribution Center, LLC seeks a tax deduction pursuant to I.C. 6-1.1-12.1, et. seq.; and, WHEREAS, Statements of Benefits Forms(Real Estate and Personal Property),said forms approved by the Department of Local Government Finance, have been submitted to the Common Council on June 13, 2006, prior to the expansion of the facility and installation of new logistical distribution and information technology equipment on such real estate by FB Distro Distribution --� Center,LLC and that such Statements of Benefits Forms are attached hereto and marked"Exhibit A and Exhibit B"; and, r WHEREAS,the Common Council of the City of Greencastle passed Resolution 2006-9 on June 13, 2006 and advertised a public hearing for July 11, 2006; and, WHEREAS, the Common Council of the City of Greencastle, pursuant to the laws of the State of Indiana, does now hereby find that: 1. The estimate of the value of the facility expansion and the new logistical distribution and information technology equipment is reasonable for projects of that nature; 2. The estimate of the number of individuals who will be employed or whose employment will be retained can be reasonably expected to result from the proposed described facility expansion and installation of new logistical distribution and information technology equipment; 3. The estimate of the annual salaries of those individuals who will be employed or whose employment will be retained can reasonably be expected to result from the proposed described facility expansion and installation of new logistical distribution and information technology equipment; 4. That any other benefits about which information was requested are benefits that can be reasonably expected to result from the described facility expansion and installation of new logistical distribution and information technology equipment. 5. The totality of the benefits is sufficient to justify a deduction. THEREFORE, based upon these findings, BE IT RESOLVED THAT THE COMMON COUNCIL OF THE CITY OF GREENCASTLE on this 11th day of July,2006,pursuant to I.C. 6- 1.1-12.1-1, et. seq., deems there to be a need to establish an economic revitalization area and that said economic revitalization area shall be defined as follows: Described as Parcel 1 of Exhibit A in a Special Warranty Deed recorded as document number 2004007435 in the Putnam County Recorder's Office. Situate in the State of Indiana,County of Putnam and being a part of Sections 13 and 14, Township 14 North, Range 4 West of the Second Principal Meridian, more particularly described, to-wit: Commencing at a rebar marking the Southeast corner of Section 14, Township 14 North Range 4 West;thence North 01 degree 20 minutes 30 seconds East 112.90 feet iti with the East line of said Section 14 to a railroad spike on the North right-of-way of Indiana State Road#240 as described in Right-of-Way Grant Book 1,page 118 in the Office of the Recorder of Putnam County,Indiana and the true point of beginning of the real estate herein described;thence with the North right-of-way South 46 degrees 25 minutes 23 seconds West 53.81 feet to a rebar; thence Westerly 425.62 feet on a curve to the left having a radius of 28,697.90 feet and subtended by a long cord bearing North 89 degrees 06 minutes 31 seconds West a distance of 425.61 feet to a rebar; thence North 89 degrees 32 minutes 00 seconds West 1269.15 feet to a rebar; thence leavings said North right-of-way North 00 degrees 03 minutes 46 seconds East 653.89 feet to a rebar on the South right-of-way line of County Road 200 East;thence North 63 degrees 15 minutes 10 seconds East 118.72 feet with said South right-of- way; thence South 26 degrees 46 minutes East 88.07 feet with a chain link fence, as shown on the survey dated October 13, 1987, and the Northerly extension thereof to a 4 inch diameter steel fence post; thence with said fence line South 66 degrees 15 minutes East 43.85 feet to a 2 inch diameter steel fence post;thence South 89 degrees 09 minutes East 226.21 feet to a 3 inch diameter steel fence post; thence South 01 degree 11 minutes West 56.75 feet to a rebar; thence leaving the aforesaid fence line South 89 degrees 10 minutes East 472.06 feet with the North face of a building and the Westerly extension thereof to a drill hole in concrete,thence North 00 degrees 35 minutes West 68.34 feet to a rebar at the Southwest corner of a building;thence North 89 degrees 19 minutes West 43.91 feet to a rebar;thence North 01 degree 21 minutes East 172.64 feet to a rebar; thence North 59 degrees 03 minutes East 13.31 feet to a rebar;thence North 46 degrees 04 minutes East 65.12 feet to a rebar;thence North 21 degrees 51 minutes East 28.98 feet to a rebar; thence North 89 degrees 41 minutes East 106.72 feet to a rebar; thence South 00 degrees 51 minutes West 114.90 feet to a drill hole in concrete;thence South 10 degrees 34 minutes West 31.30 feet to a drill hole in concrete;thence South 00 degrees 50 minutes West 203.72 feet with the East face of a building and the Northerly extension thereof to a drill hole in concrete; thence South 89 degrees 13 minutes East 234.13 feet with the North face of said building and the Easterly extension thereof to a rebar at the West face of said building; thence North 00 degrees 48 minutes East 55.49 feet with said West face to 110 a drill hole in concrete;thence South 89 degrees 10 minutes East 205.13 feet to a drill hole in concrete;thence North 00 degrees 52 minutes East 824.89 feet with the West face of said building and the Northerly extension thereof to a rebar on the aforesaid South right-of-way;thence with said South right-of-way North 63 degrees 15 minutes 10 seconds East 245.10 feet to a rebar;thence Northeasterly 90.02 feet on a curve to the left having a radius of 237.00 feet and subtended by a long chord bearing North 52 degrees 22 minutes East a distance of 89.48 feet to a rebar; thence leaving said South right-of-way South 48 degrees 30 minutes 38 seconds East 24.65 feet to a rebar on the South line of real estate conveyed to the City of Greencastle as described in a deed recorded in Deed Record 191,page 272 in the Office of the Recorder of Putnam County, Indiana; thence North 63 degrees 15 minutes 10 seconds East 2059.82 feet with said South line to a rebar; thence South 2565.42 feet to a rebar on the North right-of-way of the aforesaid Indiana State Road#240; thence with said North right- of-way North 89 degrees 38 minutes 44 seconds West 62.29 feet to a rebar; thence Westerly 222.92 feet on a curve tot he left having a radius of 4633.67 feet and subtended by a long chord bearing North 86 degrees 00 minutes 16 seconds West a distance of 222.90 feet to a rebar; thence North87 degrees 23 minutes 00 seconds West 979.40 feet to a rebar;thence Westerly 551.16 feet on a curve to the left having a radius of 28,697.90 feet and subtended by a long chord bearing North 87 degrees 56 minutes 01 second West a distance of 551.15 feet to a rebar; thence North 45 degrees 02 minutes 48 seconds West 51.20 feet to a rebar; thence North 82 degrees 15 minutes 34 seconds West 15.16 feet to the true point of beginning. Also commonly known as 1901 East State Road 240. e,,, THEREFORE,the Common Council of the City of Greencastle does recommend a deduction of assessed value for a period of ten(10)years as a result of the expansion of the facility and for a period of ten (10) years for the installation of new logistical distribution equipment and four (4) years for the installation of new information technology equipment, all as set forth in I.C. 6-1.1- 12.1-4.5. The Common Council of the City of Greencastle does NOT recommend a deduction or tax abatement for special tooling nor does FB Distro,Distribution Center,LLC,request such abatement. The Common Council of the City of Greencastle further recommends and approves the application of the deductions herein for improvements and equipment installed pursuant to the Statements of Benefits from the approval of this resolution and during the thirty-two (32) ensuing months, July 1, 2006 to February 28, 2009. PASSED AND RESOLVED by the Common Council of the City of Greencastle at a special meeting this 11th day of July, 2006. COMMON COUNCIL OF THE CITY OF GREENCASTLE, DIANA s vans Meat ammer rv./-(--'::‘ 471....e_ei -- -2.,,L.,,q.,,,,,i-L,,,,.", J A. Lanie Robert P. Sedlack `� " �/' Thomas W. Roach Approved and signed by me this 1 lth day of July, 2006 L{I p.m. o'clock. a Q , Y�Nanc A. Mi hael, Mayor ATT ST: oi/ Ter a P. Glenn, Clerk-Treasurer I I I ' JUN-07-2006 15:bid r D 1)1 J I r<u ,...., --- --- . -- -- ` STATEMENT OF BENEFITS FORM SBA 1 RE 4r`; REAL ESTATE IMPROVEMENTS /� slats Form 51767(R 11.06) --t1 ' Prescribed by the Department of Local Government Finance ' 'RUCTIONS-'' his statement must be submitted to the body designating the Economic Revitalization Area prior to the public hearing if the designating body requires information from the applicant in making Its derision about whether to designate en Economic Rev allzatlon Area. Otherwise this statement must be submitted to the deatnatIng body BEFORE the redevelopment or rehabilitation of real property for which the person wishes to claim a deduction 'Projects' planned or committed to atterJu'1, 1987, end areas deaigrteted 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 rehabilitation, BEFORE a deduction may be approved. Structures 3. Tb obtain a deduction,Form 322 ERA,Al w 1 n or D��n�d er tde ssed al uation ice of f irion laneEconomic on micet vital i asseson ss, must be filed ment is mailed to with the County Auditor by the later of.( )May (2)thirty(30)days the property owner et the address shown on the records of the township assessor. 4. Property owners whose Statement of Benefits was approved after June 30, 1991, must submit Form CF-1/RE annually to show compliance with the Statement of Benefits. (1C 5-1.1-121-5.1(b)) 5. The schedules established under IC 6-1.1.12.1-4(d)effectvee July 1,2000, apply to any statement of benefits filed on or after July 1. 2000, The schedules effective prior to July 1, 2000,shall continue to apply to those atatement of benefits flied before July 1, 2000. '.FCl 1011 1 IAA''Al I.i: 1r11 I;ItMA I ION Name of taxpayer FB DISTRO DISTRIBUTION CENTER, LLC Address of taxpayer(number and strser,city stale.and ZIP mdo) 1901 State Highway 240 E. , Greencastle, IN 46135 Name of contact person Telephone number Larr, Moore 765-653-7501 sLi:1lON ? Itir;i ION Are)tit.'+f:kIF'1 IOU 11 hhllptlrrc1f'12o.ILi:t Name of designating body Resolution number Greencastle City Council Location of property County OLGF among district number 1901 State Hwy. , 240 E. , Greencastle Putnam Description of real property Improvernunto,redevelopment,or rebebllttation.(use additional Meets If necessary) ESTIMATED Addition of 34.000 sq . ft. bldg. Start Date Completion Date I Aug. 2006 July 2008 Current number Salaries Number retained Salaries Number additional Salaries 269 $6,500,000 269 $6,500,000 18 $450,000 .LC I ON a 1 SVIMAlLL1 10141 -:t1:i:I Ar1fl VAI lit.01 hit)POSFD PRO.ILC I NOTE:Pursuant to IC 6-1.1-12.15.1 (d)(2)the REAL ESTATE IMPROVEMENTS COST of the property la confidential. COST ASSESSED VALUE Current values 14.0 17.0 Plus estimated values of proposed protect 3.65 3.6 Less values of any properly being replaced Net estimated values upon cornptatlori of protect M C I ION:' WAS II.CONVI 1111 it AM)s.j111L Si VI t4 I ITS PFOMINLt)UN I11F IAXPAi LI: Estimated solid waste converted(pounds) Estimated hazardous waste converted(pounds) Other benefits: 1 I s1;1',I'u'iN li `_: '14: #. jilt'.;AtI' I hereby certify that the representations in this statement are true. S lure of authorized�Fes!ntaW. Titis Dste signed(mo , year) KathleenVCAI XI H.Lieberman,Vice Pre !dent (/ 0 by FB Distro, Inc. its sole riember TOTAL P.03 • FOR USE OF THE DESIGNATING BODY We 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, provides for the following limitations as authorized under IC 6-1.1-12.1-2. .The designated area has bgert limited to a period QfAirne not to exceed 3 2 Months alendar years* (see below). The date this 09 designation expires is e ruary L ti , L B.The type of deduction that is allowed in the designated area is limited to: 1 . Redevelopment or rehabilitation of real estate improvements; ®Yes ❑N o 2. Residentially distressed areas 0 Yes ®No C .The amount of deduction applicable for redevelopment or rehabilitation is limited to $ 3, 650 , 000 cost with an assessed value of$ TBD . (estimate) D. Other limitations or conditions (specify) E. The deduction for redevelopment or rehabilitation is allowed for On (10) years* (see below). Also we have reviewed the information contained in the statement of benefits and find that the estimates and expectations are reasonable and have determined that the totality of benefits is sufficient to justify the deduction described above. (IC 6-1.1-12-3(b)) Ac road: (signature end title of authorized member) Telephone number Date signed(month,day,year) A Nancy A. Michael , Mayor 765-653-3100 July 11 2fl�h ted by Designated body Teresa P . Glenn, Clerk-Treasurer Greencastle City Council * If the designating body limits the time period during which an area is an economic revitalization area, it does not limit the length of time a taxpayer is entitled to receive a deduction to a number of years designated under IC 6-1.1-12.1-4. For residentially distressed areas, the deduction period may not exceed five(5)years. If the Economic Revitalization Area was designated prior to July 1,2000, the deduction period is limited to three (3),six (6), or ten(10)years. For ERAs after June 30,2000, the deduction period may not exceed ten (10)years.An area designated as an urban development area pursuant to an application filed after December 31, 1978, and prior to January 1, 1986, are entitled to a ten (10)year deduction. r. JUN-07-200E 15:0E t- C UtJir�u -- - ....•:; - . 1 �+'. STATEMENT OF BENEFITS � FORM 88•1 / PP ` : .3 PERSONAL PROPERTY �' Sow Form 51764(R/1.0e) PRIVACY NOTICE s� FresChbed by the Department of Local Government Finance 1M coyt and any sped5c itlaeYauare bsaala�nar i�rlla rt en g ls public)the �'^ rd t par IC 6-1.1.12.1-5.1(c)end fdl. I uvsTRUCT7CNS: 1. This statement must be submitted to t body sion alxaa designating de to an illOn Area prior to Economic Revitalization the public IlOttwn�se this statement must be sub requires mdtsd Information des from the appdcant hutting Bs the new manufacturing equipment and/or research and development equipment,and/or logistical distributicn equipment the de nad/o boor Information technology a person nt for which the person wtahes to claim a deduction. 'Projects'planned or committed to after July 1,1987, and/or Irt}brmetlott techrlotogy equipment and areas designated after July 1, 1987,require a STATEMENT OF BENEFITS. (IC 6-1.1-12.1) 2. Approval of the designating body(City Council, Town Board. County COunCP,etc.) must be obtained prior to installation of the new manufacturing equipment and/or research and development equipment and/or logistical dlaJibution equipment and/or information technology equipment,BEFORE a deduction may be approved 3. To obtain a deduction, a parson must Ale a certified deduction schedule with the person's personal property return on a certified deduction schedule(Form 1rt7 Is situ ated. The 103-ERA must be filed between March 1 end May 15 of the township where the p perry assessment with the which chip w manufacturing cue p t end/or information nt year In y equipment quine�me Iamed anequipment nal research a ling e development been uobtained.nA person who obtains a filing extensution ion must In(ormadon technology equ pm file the form between Match 1 and the extended due date of that year. 4. Property owners whose Statement of Benefits was approved after June 30, 1991, must submit Form CF-1 /PP annually to show compliance with the Statement of Benefits. (IC6-1.1-12.1-5.6) 5. The schedules established under IC 8-1.1-12.1.4.5(d)and(e)apply to equipment Installed after March 1, 2001. For equipment Installed prior to Maroh 2, 2001, the schedules and statutes In effect at the time shall continuo to apply. (IC 6-1.1.12.1.4.6(t)and(g)) Nema of taxpayer 1 FB DISTRO DISTRIBUTION CENTER, LLC Address of taxpayer(number and street,cot(saes,and LP code) 1901 State Highway 240 E. , Greencastle, IN 46135 , "allophone number (contact person 765-653-7501 Larry Moore Resolution nlurtDer(a) Name of designating body Greencastle City Council ICounty LocationDLGFtaxlnpolaUidnumbar ocation of property 1901 State Hwy. 240 E. , Greencastle Putnam Description of manufacturing equipment and/or research and development equipment ESTIMATED START DATE COMPLETION DATE and/or logistical distribution equipment and/or information technology equipment. (use add onal sheets!f neodalerY) the purchase Manufacturing Equipment and installation of a new state—of—the—art R&0 Equipment sortation system to facilitate the shipment of Laplet Diet Equipment Aug. 2006 July 2008 merchandise to our stores. IT Equipment ::LC 1 ION 3 I :;I Imta nr Flop'(1vr I nrdu:,nt,:r:l!.:.;Ali I:1.;:t.tr I r'1f Ef tiPO';LL1 f'i C_ tit..r:T r rstLnsd Seeded Number sddidonal Salaries C1lT°M number saw 269 450 000 269 $6,500,000 _6 500 000 18 sLC:ION.1 1j5:'I'IMAIi I, Ir.,1A1, rtt>1t nun Vnt111' ti1 PN01.O'170PRO.IF.C1 MANUFACTURING R i D EQUIPMENT LgOt8T DIET 1T EQUIPMENT NOTE:Pursuant to IC 6-1.1-12.1-d.1 (d)(2)the EQUIPMENT EquIPMENT COST of the property Is confidential, COST f� ED COST ASSESSUEED COST E SED COST AS STEED ED v Current values 7_S 2.8 0.7 , 0.7 Plus estimated values of proposed protract 1 7.2 7.2 , 1 .0 1.0 Less values of any property being replaced Net estimated values upon completion of protect ti1(.I TON.'.. WA'tF C(NVf R11•11 ANU VIIII:f:(IFNI 111:3,'i naitil:1)t:Y THE IAXI'AYEft Estimated solid waste converted(pounds) Estimated hazardous waste converted(pounds) - Other benallts: I hereby certify that die representations In this statement are tr Iue. . ;ruses d watt+ preaer'beive Title Daw signed(rno year) Late n H.Ll�beriliati, vice Pre ideni /`' by FB Distro, Inc. its sole member • Y FOR USE OF THE DESIGNATING BODY We 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, provides for the following limitations as authorized under IC 6-1.1-12.1-2. A .The designated area has been limited to a period of time not to exceed 32 Mont 1endar rIX(see below). The date this designation expires is February728 , 2009 B .The type of deduction that is allowed in the designated area is limited to: 1. Installation of new manufacturing equipment; ['Yes ©N o 2. Installation of new research and development equipment; ['Yes ®N o 3. Installation of new logistical distribution equipment. ®Yes ON o 10 Years of Abatement 4. Installation of new information technology equipment; El Yes ❑N o 4 Years of Abatement C. The amount of deduction applicable to new manufacturing equipment is limited to $ N/A cost with an assessed value of D. The amount of deduction applicable to new research and development equipment is limited to $ N/A cost with an assessed value of $ E .The amount of deduction applicable to new logistical distribution equipment is limited to $7, 200,000 cost with an assessed value of g TBD (estimate) F. The amount of deduction applicable to new information technology equipment is limited to$ 1 ,000 ,000 cost with an assessed value of $ TBD (estimate) G. Other limitations or conditions(specify) H. The deduction for new manufacturing equipment and/or new research and development equipment and/or new logistical distribution equipment and/or new information technology equipment installed and first claimed eligible for deduction on or after July 1,2000,is allowed for: ❑1 year El years "For ERA's established prior to July 1,2000,only a 02 years El years 5 or 10 year schedule may be deducted. ❑3 years ❑8 years ®4 years IT ❑9 years ❑5 years" 5D10years" Logistical distribution Also we have reviewed the information contained in the statement of benefits and find that the estimates and expectations are reasonable and have determined that the totality of benefits is sufficient to justify the deduction described above. Ap ro (signature and title of authorized member) Telephone number Date signed(month,day,year) Q / Nancy A. Michael; Mayor 765-653-3100 July 11 , 2006 A -s7,. . Irb y Designated body ,ige / ,'� � -sa P. Glenn, Clerk—Treasurer Greencastle City Council If the designating body limits the time period during which an area is an economic revitalization area, it does not limit the length of time a taxpayer is entitled to receive a deduction to a number of years designated under IC 6-1.1-12.1-4.5