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Home My WebLink About1996-R-37 RESOLUTION NO. 96--R--~ RESOLUTION APPROVING STATEMENT OF BENEFITS FOR PURPOSES OF PROPERTY TAX ABATEMENT WHEREAS, P.G.P., Inc., d/b/a Voss Clark, has petitioned the Common Council of the City of Jeffersonville, Indiana, for a deduction in real property and personal property taxes to be assessed on proposed improvements to be made and equipment in the Clark Maritime Centre, located in the City of Jeffersonvitle, Clark County, Indiana; and WHEREAS, P.G.P., Inc., d/b/a Voss Clark, has submitted a Statement of Benefits on the form prescribed by the Indiana State Board of Tax Commissioners for such purpose, which statement includes a description of the proposed redevelopment, an estimate of the number of individuals who will be employed as a result of the redevelopment, an estimate of the annual salaries of these individuals, and an estimate of the value of the redevelopment; and WHEREAS, the Common Council of the City of Jeffersonville has previously determined that the area in which the proposed redevelopment project is located in the City of Jeffersonville qualifies as an economic revitalization area pursuant to Indiana Code 6-1.1-12.1 et seq., and Resolution 89-R-32 and Confirming Resolution 89-R-39; and WHEREAS, the Common Council has reviewed the Statement of Benefits submitted herein, and attaches and incorporates that Statement to this Resolution. NOW, THEREFORE, BE IT RESOLVED by the City of Jeffersonville, Indiana, that affirmatively finds as follows: 1. That the estimate rehabilitation is described in the developer. That the estimate of the number o o o Common Council of the it specifically and of the value of the redevelopment or reasonable for projects of the nature Statement of Benefits submitted by the of individuals who will be employed or whose employment will be retained can reasonably be expected to result from the proposed described redevelopment or rehabilitation.' That the estimate of the annual salaries of those individuals who will be employed or whose employment will be retained can be reasonably expected to result from the proposed described redevelopment o~'rehabilitation. That all other information requested from P.G.P., Inc., d/b/~ Voss Clark, has been submitted, and the benefits described in such information can be reasonably expected to result from the proposed described redevelopment or rehabilitation. That the totality of benefits for said redevelopment or rehabilitation is sufficient to justify the deduction. BE IT FURTHER RESOLVED, that the Common Council of the City of jeffersonville, Indiana, hereby approves the application for deduction presented by the Statement of Benefits filed by ?.G.P., Inc., d/b/a Voss Clark, and that said developer shall be entitled to deductions for a period of ten (10) years for improvements to real property, pursuant to the provisions of I.C. 6-1.1-12-3(d) and I.C. 6-1.1-12.1-4(d)(3), and ten (10) years for equipment pursuant to I.C. 6-1.1-12.1-4.5, with the timely filing and perfection thereof with the Clark County Auditor's office. Passed and adopted this ~ day of ~, 1996, by the Common Council of the City of Jeffersonville, County, Indiana. re~id~t ~O~nci1 ATTEST: C. ~_chard Spencer, Clerk-Treasurer Clark Presented by me as Clerk-Treasurer to the Mayor of the City of Jeffersonville, Indiana, this 7 day of ~ ,~7~, , 1996. C. R%&hard Spenc;r, Jr.~/ ~-- Clerk-Treasurer 1996. Approved and signed by me this /~ day of ~CTW~'~ Thomas Galligan, ~v~r V3574:3854 072296:1:30238:STrfES-JEFF VOSS P. ESOLLr~ON July 22, 1996 ~7, Mr. C. Richard Spencer, i! City of Jeffersonville ~,!~_i City County Building · Jeffersonv111e, IN 47131 Clerk-Treasurer Re: · P.G.P., Inc., d/b/a ross Clark Dear Mr. Spencer: Enclosed are two executed copies of the Form SB-~ ($tatemenu of Benefits) along wi~h two copies of a proposed Resolution. ross Clark filed for and received an abatement of taxes by Resolution 96-R-8 on February 20, 1996 on $5.3 million of improvements; however, they are now going to expand their steel plant further by adding $800,000 to the plant facility and the purchase of new equipment of $5 million, all over what was anticipated in February. Therefore, they are requesting that this matter be placed on the sext available agenda for consideration by the City Council. This Ks another major addition to the Clark Maritime Centre and oreetes additional new Jobs in the area. Please advise me when this matter can be placed on the agenda. Btncerely, Robert W. Lanum RWL~ch Enclosures cc~ Anne Marie Sedwick (W~:35082) IFORM SB:- 1 INSTRUCTIONS: f . This s,.teme~ m~t I~e su~,nr, t~ to me =o~y OeS;~na~ me e~nom= revitilizmio~ area ~or to ~e ~ hean~ it ~ imm me ~ m maWn~ .,~s oe~on a=o~ wMmer to ~ an Ec~on'~ Revi~../,,on Area. OIP. eM',~ Ju~ I. 1987 ~ ~ Oe~ a~ ~ly I, 1987 ~ a STA~E~ OF BENE~I I ~; (IC ~1.1 1~.1l ~ = ~ ~ Fo~ ~ E~ must ~ ~ ~ me M~ o~: , ) ~ay ~0: or (;) ~ (30) ~ a~ ~ ~ J~ 14 4. P~ ~ ~e SMUt of B~ was ~ a~ July I, I$91 ~t s~d ~ C; . I ~y Name ot 9.G.P., ]:nc., d/b/a ~os~ Cl~rk A~aress ot taxDayer (steer aha nmr, oer. cra/; sm,= anc~ ZTP ceo'e) Loop Road, Jeffersonville, IN 47130 Telephone nun~er ~12 ) 283-7500 Clark Maritime Centre, 701 ! N~me O! ~n~c~ ~rson t P. Michael Voss, President 96-R T~m~ ~-~ Jeffersonville 9/1/96 4/1/99 Jeffersonville City Council Addition to metal processing building and purchase of additional hot roll steel equipment and installation. 1,723,000 1,723,000 43&~'~,000 AiIMiid VlIue -- 1:= t hereby celldv Ir;~t ~e reo~ese~ns in ~lS ~'i~&ment are tTue. We inave rmnewea our ;nar aCaons relaang to me oes,gna=on of ~is ~nom= r~=~ ~a ~ f~= ~at ~e ~;~; ~ff~ ~ oe~rm ~s a=o=~ ~ me resolua0n ,ro~sty_~[~= ~y. S~ resol~on. ,~ uneer lC 6 1.1-1z.l-z=. A. ~e designm~ ~a ~ ~en ti~ed to a pe~ ~ time n~ to ex~ - -- ~n~ ye~ ' (see ~). ~e date ~naaon e~s is 1. R~eve~mem or mn~n ot ma e~m imomveme~; ~ Yes ~ No' C. ~e amoum of de~u~on applicable for new man~a~u~ng equi~em in~l~ and fi~ ~am~ eligible lot d~u~on after July 1, 1987. is limdea to $ ~st wit~ an ~se~ value ~ $ D. ~e ~um of deau~on ~pli~le to r~evelooment or reh~il~on in an area ~esignat~ after Septem~r 1, 1988 is limff~ to S ~ ~t~ an ~essea value of $ E. ~er lim~abons or ~nd~ons (~) F. ~e ~e=u~ton for new man~acturing equ;D~ent installe~ an= first ctaime= eligible for ee~u~on a~er July 1, 1991is allow~ ;: ~ 5yearn ~ 10ye~ Also we nave reviewed t~e information ~n;aineo m t~e ~atemem of benef~s anQ fin~ t~at the estimates an~ exDe~ons are reason- ame an= nave Oetermm~ ~at me totality ot Oenems ;s sufficient to lust,S,me =eeu=~on =e~i~ above. ~ If ~e =~=ng D~y lim~ ~e ~me ~n~ duhno which =n area is an ~nomtc re~li=~on am~ ~ d~s nm li~ ~e ~ ~ ~ a ~yer ~s e~ to r~e a d~u~onm a numar of yearn =~t~ un=er lC 6-1.1-12.1 ~ or 4.5 Namely: (s~ ~es ~) 5th 6th 7~ 10~ Th11~ (3)Year~ j $1~' (6) Year ~ j Ten (10) Y. DJlucOan 100% 1~0% 100% 33% 6~ I ~= 5%