HomeMy WebLinkAbout2009-R-07RESOLUTION N0.2009-R-07
A RESOLUTION AMENDING
RESOLUTION N0.2009-R-04
RESOLUTION APPROVING STATEMENT OF BENEFITS FOR
PURPOSES OF PERSONAL PROPERTY TAX ABATEMENT
WHEREAS, Flow International Corporation, has petitioned the Common Council of
the City of Jeffersonville, Indiana, for a deduction in real property taxes to be assessed on
a proposed new facility to be located in the Industrial Park, 1635 Production Road
located in the City of Jeffersonville, Clark County, Indiana; and
WHEREAS, Flow International Corporation, 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, 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 6-1.1-12.1-5, et seq., and Resolution 97-R-10. and confirming Resolution 97-R-14;
WHEREAS, the Common Council has reviewed the Statement of Benefits and its
Attachment "A" submitted herein, and attaches and incorporates the Statement of
Benefits submitted herein, and attaches and incorporates the attachment "A" to this
Resolution.
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of
Jeffersonville, Indiana, that it specifically and affirmatively finds as follows:
1. That the estimate of the value of qualifying manufacturing equipment of $716,392
and real estate improvements of $635,000 is reasonable for projects of the nature
described in the Statement of Benefits submitted by the company.
2. That the estimate of the number of 9 individuals who will be additionally
employed can reasonable by expected to result from the proposed described
redevelopment or rehabilitation.
3. That the estimate of the annual salaries of $540,000.00 of those individuals who
will be added can be reasonably expected to result from the proposed described
redevelopment or rehabilitation.
4. That the purchase and installation of the qualifying manufacturing equipment must
be completed within three (3) years from the date of the granted abatement.
5. That the taxes lessened from the granting of this abatement shall be used for
manufacturing, demonstration and showroom, and IT equipment
6. That all other information requested from Flow International Corporation, has
been submitted, and the benefits described in such information can be reasonable
expected to result from the proposed described redevelopment.
7. That the totality of benefits for said redevelopment is sufficient to justify the
deduction.
8. That Flow International Corporation has agreed to the payment of a fee of 10% of
the annual benefit of the abatement to the Jeffersonville City Council annually as
described in IC 6-1.1-12.1-14.
BE IT FURTHER RESOLVED, that the Common Council of the City of
Jeffersonville hereby approves the application and Statement of Benefits as
presented and filed by the Applicant, shall be entitled to deductions for a period of
FIVE (5) YEARS for new equipment and machinery and TEN (10) YEARS for
improvements to real property, pursuant to provisions of I.C.6-1.1-12.1-3(d) and
I.C. 6-1.1-12.1-49(d)(3), with the timely filing and perfection thereof with the
Clark County Auditor's office. ((~`
Passed and adopted this ~ ~ day ofl..:%~~i ,2009, by the Common
Council of the City of Jeffersonville, Clar County, Indiana.
T omas R. Galligan
Presiding Officer
A'~TEST:
~~, i ~~
Peggy ' il~ler
Clerk and Treasurer
Presented by me as clerk and Tre urer to the Mayor of said City of
Jeffersonville this ~,~'~ day of ~„~t~- , 20(~.
~~`~~~
Pegg ' er
Clerk and Treasurer
~7
This Ordinance approved and signed by me this .~~' day o~200~.
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T omas R. Galligan, May r