HomeMy Public PortalAbout01-2009-1 RESOLUTION NO. 2009 - 14(,: SCANNED
A RESOLUTION REAFFIRMING RESOLUTION 2008-25 AND DECLARING AN
ECONOMIC REVITALIZATION AREA AND RECOMMENDED TAX DEDUCTION
(HEARTLAND AUTOMOTIVE LLC - NEW EQUIPMENT)
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 Greencastle Common
Council 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, Heartland Automotive LLC proposes redevelopment and rehabilitation of the
existing Heartland facility by investing $751,000 in new manufacturing equipment and $139,000
in new tooling at their facility.Heartland Automotive LLC seeks a tax deduction pursuant to I.C. 6-
1.1-12.1, et. seq.; and
WHEREAS, a Statement of Benefits on State Form 51764 (Form SB-1/PP) said form
approved by the State Board of Tax Commissioners, has been submitted to the Common Council
on December 9, 2008, prior to the redevelopment or rehabilitation and installation of new
manufacturing equipment on such real estate by Heartland Automotive LLC and that such Statement
of Benefits is attached hereto and marked"Exhibit A"; and
WHEREAS,the Greencastle Common Council passed Resolution 2008-25 on December 9,
2008 and advertised a public hearing for January 13, 2009; and,
WHEREAS,the Greencastle Common Council,pursuant to the laws of the State of Indiana,
does now hereby find that:
1. The estimate of the value of the redevelopment or rehabilitation, expansion and
new manufacturing 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 redevelopment or rehabilitation and installation of new manufacturing
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 redevelopment or rehabilitation and installation of new manufacturing
equipment;
4. That any other benefits about which information was requested are benefits that
can be reasonably expected to result from the described redevelopment or rehabilitation
and installation of new manufacturing equipment.
/"1 5. The totality of the benefits is sufficient to justify a deduction.
THEREFORE, based upon these findings, BE IT RESOLVED THAT THE CITY OF
GREENCASTLE on this 13th day of January, 2009, 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:
Situate in the State of Indiana, County of Putnam and being a part of the Southeast
quarter of the Northeast quarter and a part of the Northeast quarter of the Southeast
quarter all in Section 22,Township 14 North,Range 4 West of the Second Principal
Meridian, more particularly described to-wit:
Commencing at the Southeast corner of the Southeast quarter of the Northeast quarter
of Section 22, Township 14 North Range 4 West; thence North 00 degrees 04
minutes West 598.02 feet with the East line of said Southeast quarter quarter to a
railroad spike and the true point of beginning of the real estate herein described;
thence South 89 degrees 56 minutes West 300.00 feet to a 5/8 inch rebar; thence
South 00 degrees 04 minutes East 180.00 feet to a 5/8 inch rebar; thence South 89
degrees 56 minutes West 300.00 feet to a 5/8 inch rebar;thence South 00 degrees 04
minutes East 820 feet to a 5/8 inch rebar; thence Northwesterly 167.06 feet on a
nontangent curve to the right having a radius of 375.00 feet and subtended by a long
chord bearing North 86 degrees 19 minutes West a distance of 165.68 feet to a 5/8
inch rebar;thence North 60 degrees 00 minutes West 470.00 feet to a 5/8 inch rebar;
thence South 30 degrees 00 minutes West 60.00 feet to a 5/8 inch rebar;thence North
70 degrees 00 minutes West 130.00 feet to the West line of the Northeast quarter of
the Southeast quarter;thence North 00 degrees 08 minutes West 946.13 feet with the
West line of said Northeast quarter of the Southeast quarter and the West line of the
Southeast quarter of the Northeast quarter to the South right-of-way of Veterans
Memorial Highway; thence with said South right-of-way line North 62 degrees 53
minutes 07 seconds East 735.43 feet to a 5/8 inch rebar; thence North 65 degrees 44
minutes 52 seconds East 100.12 feet to a 5/8 inch rebar; thence North 61 degrees 55
minutes 50 seconds East 300.04 feet to a 5/8 inch rebar; thence North 62 degrees 53
minutes 07 seconds East 290.00 feet to a 5/8 inch rebar;thence South 52 degrees 31
minutes 51 seconds East 36.51 feet to a 5/8 inch rebar; thence South 00 degrees 06
minutes 48 seconds West 105.00 feet to a 5/8 inch rebar;thence South 05 degrees 35
minutes 50 seconds East 100.50 feet to a 5/8 inch rebar; thence leaving the South
right-of-way line of Veterans Memorial Highway North 89 degrees 56 minutes 00
seconds East 17.57 feet to a PK nail on the East line of the Southeast quarter of the
Northeast quarter; thence South 00 degrees 04 minutes East 606.03 feet with said
East line to the point of beginning, containing 31.67 acres, more or less.
Also commonly known as 300 South Warren Drive.
THEREFORE,the Greencastle Common Council does recommend a deduction of assessed
value for a period of seven(7)years as a result of the installation of new manufacturing equipment
as set forth in I.C. 6-1.1-12.1-4.5.
The City of Greencastle does not recommend tax abatement for special tooling nor does
Heartland Automotive LLC request such abatement.
The Greencastle Common Council further recommends and approves the application of the
deductions herein for improvements and equipment installed pursuant to the Statement of Benefits
from the approval of this resolution and during the fourteen(14)ensuing months,January 13,2009
to March 1, 2010.
PASSED AND RESOLVED by the Common Council of the City of Greencastle at its special
meeting this 13th day of January, 2009.
COMMON COUNCIL OF THE CITY OF GREENCASTLE, INDIANA
Si&S
Jinsie Bi ham Adam Cohen
1/1(6/4 111 Ill,
Mark N. Hammer hn A. Lanie
Terry J. Smi
Approved and signed by me this 13th day of January, 2009 atTh- 'b L p.m. o'clock.
Susan V. Murray, Mayor
ATTEST: ^\`
Teresa P. Glenn, Clerk-Treasurer
ANf r.Are.
°, STATEMENT OF BENEFITS FORM SB-1 /PP
(4-,sc.
'` ; . %I PERSONAL PROPERTY
, State Form 51764(R/1-06) i
,,s:��`;;� PRIVACY NOTICE
S
- Prescribed by the Department of Local Government Finance
The cost and any specific individual's
salary information is confidential;the
balance of the filing is public record
per IC 6-1.1-12.1-5.1(c)and(d).
INSTRUCTIONS:
1. This 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 decision about whether to designate an Economic Revitalization Area. Otherwise this statement must be submitted
to the designating body BEFORE a person installs the new manufacturing equipment and/or research and development equipment,and/or logistical distribution
equipment and/or information technology equipment for which the person wishes to claim a deduction. "Projects"planned or committed to after July 1, 1987,
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 Council,etc.) must be obtained prior to installation of the new manufacturing equipment
and/or research and development equipment and/or logistical distribution equipment and/or information technology equipment,BEFORE a deduction may
be approved
3. To obtain a deduction,a person must file a certified deduction schedule with the person's personal property return on a certified deduction schedule(Form
103-ERA) with the township assessor of the township where the property is situated. The 103-ERA must be filed between March 1 and May 15 of the
assessment year in which new manufacturing equipment and/or research and development equipment and/or logistical distribution equipment and/or
information technology equipment is installed and fully functional,unless a filing extension has been obtained. A person who obtains a filing extension must
file the form between March 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. (IC 6-1.1-12.1-5.6)
5. The schedules established under IC 6-1.1-12.1-4.5(d)and(e)apply to equipment installed after March 1,2001. For equipment installed prior to March 2,
2001. the schedules and statutes in effect at the time shall continue to apply. (IC 6-1.1-12.1-4.5(t)and(g))
SECTION 1 TAXPAYER INFORMATION
Name of taxpayer
Heartland Automotive, LLC
Address of taxpayer(number and street,city,state.and ZiP code)
300 South Warren Drive Greencastle, IN 46135
Name of contact person Telephone number
Sue Krebs-Accounting Manager (765)653-4263
SECTION 2 LOCATION AND.DESCRIPTiON OF PROPOSED PROJECT
Name of designating body Resolution number(s)
40_
Greencastle Common Council
ocation of property County DLGF taxing district number
300 South Warren Drive Putnam City of Greencastle
Description of manufacturing equipment and/or research and development equipment ESTIMATED
and/or logistical distribution equipment and/or information technology equipment. START DATE COMPLETION DATE
(use additional sheets if necessary)
See attached list for Equipment Manufacturing Equipment 09/01/2008 06/01/2009
R&D Equipment
Logist Dist Equipment
IT Equipment
SECTION 3 ESTIMATE OF EMPLOYEES AND SALARIES AS RESULT OF PROPOSED PROJECT
Current number Salaries Number retained Salaries Number additional Salaries
426 14,195,000.00 426 14,195,000.00 0 0.00
SECTION 4 ESTIMATED TOTAL COST AND VALUE OF PROPOSED PROJECT
NOTE:Pursuant to IC 6-1.1-12.1-5.1 d)(2)the MANUFACTURING R&D EQUIPMENT LOGIST DIST IT EQUIPMENT
( EQUIPMENT EQUIPMENT
COST of the property is confidential. COST ASSESSED COST ASSESSED COST ASSESSED COST ASSESSED
VALUE VALUE VALUE VALUE
Current values
Plus estimated values of proposed project 751,000.00
-
Less values of any property being replaced
Net estimated values upon completion of project 751,000.00
SECTION 5 WASTE CONVERTED AND OTHER BENEFITS PROMISED BY THE TAXPAYER
Estimated solid waste converted(pounds) Estimated hazardous waste converted(pounds)
Other benefits:
Additional investment of$139,000 in tooling. Note: Cost are estimates as of October 31, 2008 and Payroll as of October 31, 2008.
SECTION 6 TAXPAYER CERTIFICATION
I hereby certify that the representations in this statement are true.
Si nature of authorize epresentati e Title Date signed(month.day.year)
Account Manager 11/12/2008
1
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
411 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 calendar years"(see below). The date this designation expires
is .
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 ❑N o
4. Installation of new information technology equipment; ❑Yes ❑N o
C. The amount of deduction applicable to new manufacturing equipment is limited to $ cost with an assessed value of
$
D. The amount of deduction applicable to new research and development equipment is limited to $ cost
with an assessed value of$ .
E.The amount of deduction applicable to new logistical distribution equipment is limited to$ cost with an assessed value of
$ .
F. The amount of deduction applicable to new information technology equipment is limited to$ cost with an assessed value of
$ .
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 ❑6 years **For ERA's established prior to July 1,2000,only a
❑2 years ❑7 years 5 or 10 year schedule may be deducted.
03 years El years
• El " El1 04 years El years
5 years 10 years**
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.
Approved:(signature and title of authorized member) Telephone number Date signed(month,day,year)
Attested by: Designated body
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
•
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
Sadopted 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. 14 Months
A.The designated area has been limited to a period of time not to exceed calendar mkt'(see below). The date this designation expires
is March 1, 2010 .
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 a
3. Installation of new logistical distribution equipment. ❑Y e s [ N o
4. Installation of new information technology equipment; ❑Yes ®N a
C. The amount of deduction applicable to new manufacturing equipment is limited to $ 800,000 cost with an assessed value of
$ TBD .
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$ N/A cost with an assessed value of
$ .
F. The amount of deduction applicable to new information technology equipment is limited to$ N/A cost with an assessed value of
$ .
G. Other limitations or conditions(specify) No abatement for tooling.
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:
Ell year 06 years **For ERA's established prior to July 1,2000,only a
❑2 years ®7 years 5 or 10 year schedule may be deducted.
❑3 years ❑8 years
❑4 years 09 years
co ❑5 years** ❑10 years**
Also we have reviewed the information contained in the statement of benefits and find that the estimates and expectations are reasonable and have
4-- tgfehYtined tha tt,ha tgtality of efi ' ufficient to justify the deduction described above.
Approved:(signature and title of authorized member) Telephone number Date signed(month,day,year)
Susan Murray, y r 765-653-3100 1/13/2009
Attested by: Designated body
Tere a P. G ann, erk—Treasurer reencastle 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