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Home My Public Portal About01-2011-3 RESOLUTION NO. 2011 - 3 SCANNED A RESOLUTION REAFFIRMING RESOLUTION 2011 - 1 AND DECLARING AN ECONOMIC REVITALIZATION AREA AND RECOMMENDED TAX DEDUCTION (CHIYODA USA CORPORATION) 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, 111 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, Chiyoda USA Corporation has planned the economic revitalization of their operations by investing up to $2,000,000 in new manufacturing equipment to support additional operations resulting in the retention of 83 jobs at their facility. Chiyoa USA Corporation seeks a tax deduction pursuant to I.C. 6-1.1-12.1, et. seq.; and, WHEREAS,Statement of Benefits Form(Form SB-1/PP 51764),said form approved by the Department of Local Government Finance,has been submitted to the Common Council on January 11, 2011, prior to the installation of new manufacturing equipment on such real estate by Chiyoda USA Corporation and that such Statement of Benefits are attached hereto and marked"Exhibit A"; and, minutes 00 seconds West 618.97 feet to an iron pin; thence North 89 degrees 42 minutes 00 seconds West 1267.27 feet to an iron pin; thence North 01 degree 16 minutes 25 seconds East 670.70 feet with an established property fence line to the Point of Beginning. AND ALSO: Part of the Northwest Quarter of Section 24,Township 14 North Range 4 West of the Second Principal Meridian, Putnam County, Indiana, described as follows: Commencing a the Northwest corner of Section 24, Township 14 North Range 4 West;thence South 00 degrees 52 minutes West 90.11 feet with the West line of said Section 24 to the South right-of-way line of Indiana State Road#240; thence with said South right-of-way line Southeasterly 329.70 feet on a curve to the right having a radius of 28,532.90 feet and subtended by a long chord bearing South 88 degrees 16 minutes 36 second East a distance of 329.70 feet;thence leaving said South right- of-way line South 01 degrees 16 minutes 25 seconds West 670.70 feet with an established property line fence to an iron pin marking the Southwest corner of an 18.71 acre tract and the TRUE POINT OF BEGINNING of the real estate herein described; thence South 89 degrees 42 minutes 00 seconds East 1,267.27 feet to an iron pin marking the Southeast corner of said 18.71 acre tract; thence South 00 degrees 18 minutes 00 seconds West 616.17 feet to an iron pin; thence North 89 degrees 42 minutes 00 seconds West1,277.74 feet to an iron pin; thence North 01 degrees 16 minutes 25 seconds East 616.26 feet with an established property line fence to the Point of Beginning. EXCEPT: Part of the Northwest Quarter of Section 24,Township 14 North Range 4 West of the Second Principal Meridian, Putnam County, Indiana, described as follows: Commencing a the Northwest corner of Section 24, Township 14 North Range 4 West;thence South 00 degrees 52 minutes West 90.11 feet with the West line of said Section 24 to the South right-of-way line of Indiana State Road #240; thence with said South right-of-way line Southeasterly 329.70 feet on a curve to the right having a radius of 28,532.90 feet and subtended by a long chord bearing South 88 degrees 16 minutes 36 second East a distance of 329.70 feet;thence leaving said South right- of-way line South 01 degrees 16 minutes 25 seconds West 985.73 feet to the POINT OF BEGINNING of the real estate herein described; thence South 89 degrees 42 minutes 00 seconds East 1,272.62 feet; thence South 00 degrees 18 minutes 00 seconds West 301.18 feet; thence North 89 degrees 42 minutes 00 seconds West 1,277.74 feet;thence North 01 degree 16 minutes 25 seconds East 301.23 feet to the point of beginning, containing 8.82 acres of land more or less and subject to any easements, rights-of-way, and restrictions of record. n �" ' Commonly known as 2200 East State Road 240 ,r^_ EXHIBIT A i STATEMENT OF BENEFITS FORM SB-1 /PP ; PERSONAL PROPERTY <, ` `� State Form 51764(R/1-06) PRIVACY NOTICE `'--815 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: I. 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 CHIYODA USA CORPORATION Address of taxpayer(number and street,city,state,and ZIP code) 2200 STATE ROAD 240 EAST,GREENCASTLE, IN 46135 Name of contact person Telephone number TAMMY NEWGENT (765)653-9098 SECTION 2 LOCATION AND DESCRIPTION OF PROPOSED PROJECT Name of designating body Resolution number(s) GREENCASTLE COMMON COUNCIL ocation of property DLGF taxing district number 2200 STATE ROAD 240 EAST,GREENCASTLE ICounty PUTNAM 67008 Description of manufacturing equipment and/or research and development equipment ESTIMATED and/or logistical distribution equipment and/or information technology equipment. (use additional sheets if necessary) START DATE COMPLETION DATE Manufacturing Equipment 12/15/2010 06/15/2011 ADDITION OF THREE (3) BLOW MOLD MACHINES AND ONE (1) INJECTION MOLD MACHINE 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 83 3,300,000.00 83 3,300,000.00 0 0.00 SECTION 4 ESTIMATED TOTAL COST AND VALUE OF PROPOSED PROJECT d (2)the MANUFACTURING R&D EQUIPMENT LOGIST DIST IT EQUIPMENT NOTE:Pursuant to IC 6-1.1-12.1-5.1 (d) 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 2,000,000.00 Less values of any property being replaced Net estimated values upon completion of project SECTION 5 WASTE CONVERTED AND OTHER BENEFITS PROMISED BY THE TAXPAYER Estimated solid waste converted(pounds) Estimated hazardous waste converted(pounds) Other benefits: SECTION 6 TAXPAYER CERTIFICATION I hereby certify that the representations in this statement are true. Signature of authg � �rized represent ti e C—/[,/ j o Title Date signed(month,day,year) EXECUTIVE VICE PRESIDENT 12/31/2010 CGS CHIYODA USA CORPORATION Abatement Supplemental Information Chiyoda currently has 77 temporary employees,which were paid$2,748,043 over the last 12 months. With the addition of BM 403, BM 404,BM 405, and IM 219 the company is planning on adding 4 operators. The company is planning on these being new temporary employees, but based on their performance after one year, they will be considered to be hired on as permanent employees.