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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 ��t rw.