HomeMy Public PortalAbout022-1995 Statement of benefitsORDINANCE NO. 22-199S
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 designated 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 Hied by pmpaty owners applying for deductions in
assessed valuations for the installation of new marurfacturng 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 deductions
per Statute for a ten year period from the assessed value, and
WHEREAS an owner of new marnufadxuing equipment is entitled to deductions per Statute for a 5 year
or 10 year period from the assessed value of new matrfactvr3ng equipment,
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:
NEW MANUFACTURING
BRAT. ESTATE -10 YEARS E()ItiPM1 '[' - 10 YEARS
Anicast Industrial Corporation
New Jobs: 8 Jobs Retained: 144
Dated: April 3,1995
Bev's Threads, Eta.
New Jobs: 1 Jobs Retained: 27
Dated: April 13,1995
Richmond Balding Company
New Jobs: 0 Jobs Retained: 82
Dad- April 3, 1995
Richmond Casting Company
New Jobs: 0 Jobs Retained: 50
Dated: April 18,1995
And be it finthar ordained by said Common, Council. do #s Pit be wi6mized to sign the above listed
Statements of Benefits for the purpose of evidencing said Common Councll's approval thereof.
Passed and adopted this 1 st day of May,1995, by the n ni f tir City of Richmond, Indiana.
dent
( L. Hutton)
A4 ,City Clerk
(Norma Carnes)
PRESENTED to the Mayor of the City of Ri , Indiana, day of May,1995, at 9.00 am.
City Clerk
(Norma Lames)
E
APPROVED by me, Roger Cornett, Mayor of the City of this � day of May,1995,
at 9:05 am. A4"Mayor
(x Win)
ATTES ,City Clerk
(Norma Carnes)