HomeMy Public PortalAbout002-1995 Statement of BenefitsORDINANCE NO. 2-1995
A SPECIAL ORDINANCE AUTHORIZING THE APPROVAL OF STATEMENTS OF BENEFITS FOR -
PROPERTY OWNERS APPLYING FOR DEDUCTIONS UNDER I.C. 6-1.1-12.1
WHEREAS Common Council has adopted Resolutions No. 10-1984 , No. 22-1988, and No. 24-1989
designating eight economic revitalization areas within the City of Richmond, and
WHEREAS I.C. 6-1.1-12.1 requires the Common Council as the designating entity to approve all
Statements of Benefits required to be filed by property owners applying for deductions in
assessed valuations for the installation of new manufacturing equipment or for the
redevelopment or rehabilitation of real property, and
WHEREAS an owner of real property located in an economic revitalization area is entitled to a 10
year deduction from the assessed value of that real property as determined by
Resolution No. 2-1987, and
WHEREAS an owner of new manufacturing equipment is entitled to a 5 year or 10 year deduction
from the assessed value of new manufacturing equipment placed in service after March 8,
1994, as determined by Ordinance No. 20-1994,
NOW, THEREFORE, be it ordained by the Common Council of the City of Richmond, Indiana, that the
following property owners meet the requirements for property tax assessed valuation deductions as
follows:
REAL ESTATE -10 YEARS
David Karn
New Jobs: 15 Jobs Retained: 0
Dated: January 9,1995
Transilwrap Company, Inc.
New Jobs: 40 Jobs Retained: 169
Dated: December 30,1994
And be it further ordained by said Common Council that its President be authorized to sign the above
listed Statements of Benefits for the purpose of evidencing said Common Council's approval thereof.
Passed and adopted this 17th day of January,1995, by the Common Cou it of the City of Richmond,
Indiana.
resident
(Sarah L. Hutton)
O
ATTES ,City Clerk
(Norma Carnes)
PRESENTED to the Mayor of the City of Ric hm d, Indiana, s 18th day o January,1995, at
9:00 a.m.
_ ,City Clerk
(Norma Carnes)
APPROVED by me, Roger Cornett, Mayor of the Ci Indiana, this 18th day of January,
1995, at 9:05 a.m.
ayor
Cornett)
ATTES ,City Clerk
(Norma Carnes)
.1