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Home My WebLink About1995-R-23 RESOLUTION NO. 95-R-?_~ RESOLUTION APPROVING STATEMENT OF BENEFITS }'OR PURPOSES O}' PROPERTY TAX ABATEMENT WHEREAS, Jeff Vending Service has petitioned the City Council of the city of Jeffersonville, Indiana, for a deduction in real property taxes to be assessed on proposed improvements to be made at the Jeffersonville Industrial Park site located in the City of Jeffersonville, Clark County, Indiana; and WHEREAS, Jeff Vending Service has submitted a Statement of Benefits on the form prescribed by the Indiana State Board of Tax Commissioners for such ptupose, which Statement includes a description of the proposed total costs, an estimate of the munber 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 cost and value of the machinery and equipment; and WHEREAS, the City Council of the city of Jeffersonville has previously determined that the area in which the proposed 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 94-R-24; and WHEREAS, the City Council has reviewed the Statement of Benefits submitted herein, and attaches and incorporates that Statement to this Resolution. IFOR. M SB I .4"~,,' STATEMENT OF BENEFITS ~ The records in this series are coNFIDENTiAl, according to lC 6-1.1-35-9 UCTIONS: - ' "."=--':~- area ,~rior to the public hearing if the designating body requires iqfor. INSTR. ..... ~---~-~'~ +~ the body desionatmg the economic rewm~,:~_,,~,, · ~A-:.:~-~i.,n Area. Othen~'ise this sta~.e..m~nt must be subr~tt.ec to t.he designarts~gn bwi~shYeBs EtoFOclRaiEmaaPde~t/~n. A statement of beneftts is not re~u,red. ,f the area was desg which the pe · licant, and approved by the des~gnatmg bodY, prior to that date. *Projects planned or committed to afte "oroiect* was planned and ~omm~tted to by.the, a.p~P~ ..... ;-~ ~ ~TATEMENT OF BENEFITS. (lC 6-1.1-12.1) ~lul~ 1, 1987 and areas designated after Jury ~, ~ u~/,~ · ' d Ci Council, Town Board, Coun~ Council, etc.) must be obtained prior to initiation of the redevelopment or rehabilitation B. Approval of the de.s~gnat~ng bo y ( ty ...... ~ ..... t~m~nt BEFORE a deduction may be approved. or Prior to installation of the new manu~au~,,,-~ ~,~,~-...- , RA / PR New MachineO4, must be filed with the county auditor. Witi respect to real prope/'~, ~*o~m. .~z~ cn~ ........ ~ / PP must be filed be~'ween Marcn ~.anu ~v~',~__'~,~?nn must file h~ form between March l an, June I4 of that year. ?roperZy owners whose Statement of Benefits was approved after July 1, 1991 must submit Form CF- 1 annually to show compliance with the Statement 4. Benefits· (lC 6.1.1-12·1-5.6) Name of taxpayer JEFF VENDING SERVICE Address of taxpayer (street and number, ci~, sram and ZIP code) 2912 BROWNING PLACE, JEFFERSONVILLE, ~sme of contact person RICHARD WRIGHT, III IN. 47130 ~lephone number .~12 ~82-0784 _ Name of designating body ' - 95 -R- CITY COUNCIL OF THE JEFFERSONVILLE ~ _ - County /Ta~ing district ropen7 I r,~' ~K [3EFF TOWNSHIP ~roperly im~--r~ov~ments and / o~ equipmen~ to be acquired (use additional Estimated startmg da I 11 -21-95 72'00 SQUARE FOOT METAL BUILDING IEstimatedcompietiondate Assessed Value USE OF LOCAL SUBCONTRACTORS DURING CONSTRUCTION USE OF LOCAL WORKFORCE DURING OPERATIONS I ~ that the re~ thi_~s sta.._~temen.t are true. Of authorized representative " -- 1"5tIeo~NER ' · . . ' ' lization area end find that the applicant meets the ....... = .... e atinn to the des,gnat~en of .th, is .e~o_n~o~ r~v~l~ reso ut,on passed under lC 6 1 1 12 1 2 5, Pr° We hav. e .rew~_w.~e.d ~,4~,oP~ed in the resolution prev,O, ust,y~a~p?~r ~o.v~e~ 1~..Y2 ~ides for the following ~m~auu. A. The designated area has been limited to a period of time not to exceed 1 0 calendar years * (see below). The date this designation expires is B. The type of deduction that is allowed in the designated area is limited to: 1. Redevelopment or rehabilitation of real estate improvements; ~;3:Yes F3 No [] Yes [] No 2. Installation of new manufacturing equipment; [] Yes [] No · t a I distressed areas 3. Res~den Y -.factudn" equ pment installed and first claimed eligible for deduction after July 1, of deduction applicable '[or new menu ~ of O. The amount ' cost with an assessed value $ ~ -' 1987, is limited to $ _ - .... D. The amount of deduction applicable to redevelopment or rehabilitation in an area designated after September 1, 1988 is limited to $ __ _ cost with an assessed value of S E. Other limitations or conditions (specify)_ R The deduction for new manufacturing equipment installed and first claimed eligible for deduction after July 1, 1991is allowed for: [] 5 years [] 10 years .... ",- -,nd find that the estimates and expectations are reason- . ' on contained i.n. th.e st~_~e.ment o.z o~nu.,~ ~ ction described above. A so we have rewewe¢ thee mformatotalit of benefits ~s sufficient to justify the deductton oesc~u~u able and have determined that the t Y ~"'= ............. ~ Date signed (month, doC,. ) lure and ~itie of authorized member) I ,~F ............. ~ .... I ! '1 ~ ,/)~ ~:~ ~ . . . ' vitilization area, it does not limit the length of time a taxpayer is entitled to rec ~ve 10th Year of Deduction Ten (10) Year Deduction 95% 80% 65% 50% 40% 30% 20% 10% 5%