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Home My Public Portal AboutResolution 2-2012-23 RESOLUTION NO. 2012 . 23 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 15, 2012 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 12th day of June, 2012. COMMON COUNCIL OF THE CITY OF GREEN STLE,INDIANA Z�S1 to-soc� sie S. Bingham dam Cohen G1-67,aJ C.)--44eAlc; Hammer is R Ross Ro icki Mark N. Hamm � Phy Terry . Approved and signed by me this 12th day of June, 2012 at p.m. o'clock. Susan V. Murray,Mayor ATTEST: Lynda R. nbar,Clerk-Treasurer L`�`, COMPLIANCE WITH STATEMENT OF BENEFITS FORM CF-1 1 PP C...!;„o �.`',i 1 PERSONAL PROPERTY .e;- ;J State Form 51765(R 11-06) 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) sed Value tween March 1, 2. year,This ay15,of each unless a mustorm filing extension under 1C 6-1 be filed with the Form A-3.7 hast been granted.e of Deduction from persons who obtains ea filing extension nmd�t 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 Address of taxpayer(number and street,city,state,end ZIP code) 28333 Telegraph Road,Southfield,MI 48034 Telephone number IName of contact person (248)4553901 ; Pushpa Raj .SECTION 2 LOCATION AND DESCRIPTION OF PROPERTY Resolution number 'Name of designating body 2005-31l2005-33 City of Greencastle County DLGF taxing district number Location of progeny 67008 750 South Fillmore,Greencastle,IN 46135 Put-lam 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 dislnbution equipment to be acquired. 11/01/2005 Estimated completion date(month,day,year) 12/3112006 SECTION 3 EMPLOYEES AND SALARIES EMPLOYEES AND SALARIES AS ESTIMATED ON SB-1 ACTUAL 6T3.00 511 Current number of employees 30,61o,92s.ao 20,608,000.00 Salaries 130.00 Number of employees retained 4,144,000.00 Salaries i. Number of additional employees 162.00 4,988,030.00 Salaries SECTION 4 COST AND VALUES MANUFACTURING R&D EQUIPMENT EQUIPMEIS IT EQUIPMENT EQUIPMENT COST ASSESSED COST ASSESSED COST ASSESSED COST ASSESSED AS ESTIMATED ON SB•1 VALUE 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 1- Less: Values of any property being replaced 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 42,786,964.00 Plus: Values of proposed project 18,631,940.00 Less: Values of any property being replaced . Net values upon completion of project 81,428,934.00 _ 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 WASTE CONVERTED AND OTHER BENEFITS AS ESTIMATED ON SB-1 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 representative True Dale signed(month,day,year) 1tlorto a 1cr Assistant Tax Manager 5141 a.40,1;L 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. INSTRUCTIONS: (IC 6-1.1-12-5.9) 1. 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,lime 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 properly 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 properly owner,(2)the County Auditor, and(3)the Township Assessor. We have reviewed the CF-1 and find that: ✓l 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 f Date signed(month,day,year) Susan V. Murray, Mayor v�sw-.0. - . 06/12/2012 Attested by: Designating bod Lynda R. Dunbar, Clerk-Treasurer -Greencastle mmon ouncil(CF-1/PP) 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 ❑AM Date of hearing(month,day,year) IiI Location of hearing ❑PM . ; • .._ ;' - HEARING RESULTS(to be'completed after the hearing)" ` Approved 0 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 WIC 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 derision by filing a complaint in the office of the 411 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.