HomeMy Public PortalAbout13 - 2023-13 - AFFIRMING PHOENIX CLOSURES AND CUATRO LLC OF COMPLIANCE WITH STMT OF BENEFITS RESOLUTION NO.2023 - {a
COMMON COUNCIL OF THE CITY OF GREENCASTLE
A RESOLUTION AFFIRMING
PHOENIX CLOSURES,INC.,AND CUATRO,LLC,
OF COMPLIANCE WITH STATEMENTS OF BENEFITS
WHEREAS,Phoenix Closures,Inc.,and Cuatro,LLC have heretofore been granted certain
tax abatements in consideration of certain benefits for the City of Greencastle; and,
WHEREAS, said company has submitted the following forms as of May 15,2023:
CF-1/PP for tax abatement on equipment granted in 2021.
WHEREAS, the Common Council has reviewed the CF-1 forms, copies of which are
attached hereto, and has found compliance with previously approved Statements of Benefits.
NOW THEREFORE BE IT RESOLVED that the Common Council of the City of
Greencastle, Putnam County, Indiana, approves the CF-1 forms as submitted as being in
compliance with the Statements of Benefits previously filed by Phoenix Closures,Inc.and Cuatro,
LLC.
BE IT FURTHER RESOLVED that this Resolution be made a record and filed along with
the CF-1 forms with the Putnam County Auditor.
PASSED by the Common Council of the City of Greencastle at its regular meeting this
13th day of July 2023.
COMMON COUNCIL OF THE CITY OF GREENCASTLE, INDIANA
Cody Ckert ar er
ssell Harve S acie Lan on
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• M a , Ve
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Darrel Thomas
Approved and signed by me this 13th day of July 2023 at . o'cloc
ATTES � � 11 am ory, Jr., Mayor
L a R Dunbar, Clerk-Treasurer
.•=. COMPLIANCE WITH STATEMENT OF BENEFITS PRIVACY NOTICE ''. ? ,,
4`• , PERSONAL PROPERTY This form contains confidential
• #~ State Form 51765(R6/12-21) information pursuant to January4,2022
IC 6-1.1-35-9 and IC 6-1.1-12.1-5.6.
CZ-4.'''' 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. (lC 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 January 1 and May 16,2022,
unless a filing extension under IC 6-1.1-3.7 has been granted. A person who obtains a filing extension must file between
January?and the extended due date of each year.
3. With the approval of the designating body,compliance information for multiple projects maybe consolidated on one(1)compliance(CF-1).
SECTION 1 + l° TAXPAYER INFORMATION
Name of taxpayer
County
Phoenix Closures,Inc. Putnam
Address of taxpayer(number and street city,state,and ZIP code) DLGF taxing district number
1899 High Grove Lane, Naperville, IL 60540 67008
Name of contact person Telephone number
Stacie Gannon (630 ) 420-4785
SECTION 2 7 ,t ;It d LOCATION AND DESCRIPTION OF PROPERTY
Name of designating body Resolution number Estimated start date(month,day,year)
Greencastle Common Council 2021-05 and 2021-06 6/1/2021
Location of property Actual start date(month,day,year)
2000 S.Jackson Street, Greencastle, IN 46135 5/1/2021
Description of new manufacturing equipment,or new research and development equipment,or new information technology Estimated completion date(month,day,year)
equipment,or new logistical distribution equipment to be acquired. 12/31/2021
Equipment includes injection molding and packaging equipment for the production of closures and
caps. The proposed investment in manufacturing equipment includes some equipment new to Indiana. Actual completion date(month,day,year)
12/31/2021
SECTION 3 EMPLOYEES AND SALARIES
EMPLOYEES AND SALARIES AS ESTIMATED ON SBA ACTUAL
Current number of employees 130
Salaries
7,200.000
Number of employees retained 130 J
Salaries
7,200,000
Number of additional employees 127 -
Salaries 6,996,000
SECTION 4 COST AND VALUES
MANUFACTURING R&D EQUIPMENT LOGISTDIST IT EQUIPMENT
EQUIPMENT EQUIP NT
r COST ASSESSED ASSESSED ASSESSED ASSESSED
AS ESTIMATED ON SB-I VALUE COST VALUE COST VALUE COST VALUE
Values before project 36,000,000
Plus: Values of proposed project 6,800,800
Less: Values of any property being replaced
Net values upon completion of project 42,800,000
ACTUAL ASSESSED ASSESSED ASSESSED ASSESSED
COST VALUE COST VALUE COST VALUE COST VALUE
Values before project 36,000,000
Plus: Values of proposed project 3,019,198
Less: Values of any property being replaced
Net values upon completion of project 39,019,198
NOTE:The COST of the property is confidential pursuant to IC 6-1.1-12.1-5.6(c).
SECTION 5 WASTE CONVERTED AND OTHER BENEFITS PROMISED BY THE TAXPAYER
WASTE CONVERTED AND OTHER BENEFITS AS ESTIMATED ON SB-I 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.
Signatui' /
uthorized repr ntative 1 mile [Date signed(month,day,year)
CFO 4/11/2022
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