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Home My Public Portal About17-2008-17 er RESOLUTION AYiiv� SOLUT ON NO. - 17 A RESOLUTION AFFIRMING LEAR OPERATIONS CORPORATION (2005 Expansion) NOW KNOWN AS INTERNATIONAL AUTOMOTIVE COMPONENTS CORPORATION OF COMPLIANCE WITH STATEMENTS OF BENEFITS WHEREAS, Lear Operations Corporation, now known as International Automotive Components Corporation, 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 May 14, 2008 for tax abatement granted in 2005; 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 Lear Operations Corporation. 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 8th day of July, 2008. COMMON COUNCIL OF THE CITY OF GREENC STLE, INDIANA Ji sie S. Bingham Adam Cohen /(1/ r91 5/W-ice Mark N. Hamme John A. Lanie Te J. S id? Approved and signed by me this 8th day of July, 2008 a --)-L.)p.m. o'clock. Susan V. Murray, Mayor ATT • Teresa Glenn, Clerk-Treasurer R�r. -.° <-�> COMPLIANCE WITH STATEMENT OF BENEFITS FORM CF-1 "f-j= PERSONAL PROPERTY j" State Form 51765(R I 1-06) Prescribed by the Department of Local Government Finance INSTRUCTIONS: 1. Property owners whose Statement of Benefits was approved must file this form with 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 the Form 103-ERA Schedule of Deduction from Assessed Value 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 IAC Greencastle,LLC do International Automotive Components Group NA Address of taxpayer(number and street,city,state,and ZIP code) 5300 Auto Club Drive,Dearborn,MI 48126 Name of contact person Telephone number Alan Tatum,Senior Tax Manager (313)240-3809 SECTION 2 LOCATION AND DESCRIPTION OF PROPERTY Resolution number Name of designating body City of Greencastle 2005-31 Location of property County DLGF taxing district number 500 N. Fillmore Road,Greencastle,IN 46135 Putman 67008 Description of new manufacturing equipment,or new research and development equipment,or new information technology Estimated starting date(month,day,year) equipment,or new logistical distribution equipment to be acquired. 1 1/01/20055 New and used machinery&equipment estimated at$23.9 million to produce interior Estimated completion date(month,day,year) automotive products for vehicle manufacturers. 12/31/2006 SECTION 3 EMPLOYEES AND SALARIES EMPLOYEES AND SALARIES AS ESTIMATED ON SB-1 ACTUAL ..urrent number of employees 673.00 956 Salaries 20,608,000.00 35,032,000.00 Number of employees retained 130.00 Salaries 4,144,000.00 Number of additional employees 162.00 Salaries 4,988,000.00 SECTION 4 COST AND VALUES MANUFACTURING R&D EQUIPMENT LOGIST DIST IT EQUIPMENT EQUIPMENT EQUIPMENT ASSESSED ASSESSED COST ASSESSED COST ASSESSED AS ESTIMATED ON SB-1 COST VALUE COST VALUE VALUE VALUE Values before project 42,796,994.00 11,087,410.00 Plus: Values of proposed project 23,900,000.00 7,170,000.00 _ , Less: Values of any property being replaced 0.00 0.00 Net values upon completion of project 66,696,994.00 18,257,410.00 COST ASSESSED COST ASSESSED COST ASSESSED COST ASSESSED ACTUAL VALUE VALUE VALUE VALUE Values before project 42,796,994 11,087,410 - Plus: Values of proposed project 18,631,940.00 5,589,582.00 _ I Less: Values of any property being replaced 0 0 - Net values upon completion of project 61,428,934.00 16,676,992.00 NOTE:The COST of the property is confidential pursuant to IC 6-1.1-12.1-5.6(d). SECTION 5 Amount of solid waste WASTE CONVERTED AND OTHER BENEFITS PROMISED BY THE TAXPAYER WASTE CONVERTED AND OTHER BENEFITS AS ESTIMATED ON SB-1 ACTUAL converted N/A Amount of hazardous waste converted N/A ��Other benefits: SECTION 6 TAXPAYER CERTIFICATION I hereb certify that the representations in this statement are true. Signs a of authorize epresentati r Title Date signed( onth,day,year) lI 61/47 _ Senior Tax Manager � /q4 OPTIONAL: FOR USE BY A DESIGNATING BODY WHO ELECTS TO REVIEW THE COMPLIANCE WITH STATEMENT OF BENEFITS(FORM CF-1) THAT WAS APPROVED AFTER JUNE 30,1991. 'TRUCTIONS: (IC 6-1.1-12-5.9) 7. This page does not apply to a Statement of Benefits filed before July 1, 1991;that deduction may not be terminated for a failure to comply with the Statement of Benefits. 2. 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. 3. 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, a copy of the written notice will be sent to the Township Assessor and the County Auditor. 4. 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. 5. 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 Township Assessor. 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) Susan V. Murray, Mayor T 07/08/2008 Attested by: Designating body Teresa P. Glenn, Clerk-Treasur ✓� Greencastle mon Council CF-1/PP If the property owner is found not to be in substantial compliance,the property owner shall r ive the pportunity for a hearing.The following date and time has been set aside for the purpose of considering compliance. Time of hearing ❑pm Date of hearing(month,day,year) Location of hearing ❑PM HEARING RESULTS(to be completed after the hearing) ❑ Approved El Denied(see instruction 5 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)] 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 r—Ncuit or Superior Court together with a bond conditioned to pay the costs of the appeal if the appeal is determined against the property owner.