HomeMy Public PortalAbout017-1995 Statement of BenefitsORDINANCE NO. 17-1995
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
Belden Wire & Cable Company
New Jobs: Unk Jobs Retained: 768
Dated: February 27,1995
Marvin J. Herb d/b/a
Coca-Cola Bottling Company
New Jobs: 5 Jobs Retained: 30
Dated: February 24,1995
NEW MANUFACTURING
EQUIPMENT -10 YEARS
B&F Plastic Graphics, Inc.
New Jobs: 2 Jobs Retained: 10
Dated: February 7,1995
Belden Wire & Cable Company
New Jobs: Unk Jobs Retained: 768
Dated: February 27,1995
Belden Wire & Cable Company
New Jobs Unk Jobs Retained: 98
Dated: February 27,1995
C.K. Lair Company, Inc.
New Jobs: 1 Jobs Retained: 6
Dated: February 16,1995
Terra -Green Technologies, Inc./
Stoneware Tile Company
New Jobs: 11 Jobs Retained: 24
Dated: February 14,1995
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