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HomeMy WebLinkAbout2013-R-11 BEFORE THE JEFFERSONVILLE REDEVELOPMENT COMMISSION STATE OF INDIANA A RESOLUTION RECOMMENDING TO THE COMMOUN COUNCIL APPLICATION FOR TAX ABATEMENT FOR STEEL DYNAMICS, INC. RESOLUTION NO. 2013 -R- 1 WHEREAS, Steel Dynamics, Inc. has made application for tax abatement from the City of Jeffersonville, Indiana; WHEREAS, the Common Council is the designating body for approving such applications; WHEREAS, said application requires review . by the Jeffersonville Redevelopment Commission. NOW, THEREFORE, BE IT RESOLVED BY THE JEFFERSONVILLE REDEVELOPMENT COMMISSION THAT: 1. The Jeffersonville Redevelopment Commission has reviewed the attached "Statement of Benefits" for Personal Property; and 2. The Jeffersonville Redevelopment Commission hereby recommends to the Common Council the application for tax abatement for Steel Dynamics, Inc. Ado d at meeting of the Jeffersonville Redevelopment Commission held the 1 ) day of r , 2013. JEFFERSONVILLE REDEVELOPMENT COMMISSION // President ATTEST: ( Secretary 112961557.1 STATE�11ENT OF BENEFITS '' � � FORM SB - 1 / PP • :(4 PERSONAL PROPERTY _- .�._.... .:. ,f�l �- 7 Slate Form 51764 (R2 / 12 -11) _ " • ;, • . •: • tl�tr 0 PR VA Y TIC NO « Tho cost and any specific individual's .---- Salary Information is confidential; the balance or the tiling Is public record INSTRUCTIONS: per IC 6 -1.1- 12.1 -5.1 (c) and (d). 1. This statement must be submitted to the body designating the Economic Revitalization Area prior to the public hearing if the designating body requires information from the applicant in making its decision about whether to designate en Economic Revitalization Area. Otherwise this statement must be submitted to the designating body BEFORE a person installs the new manufacturing equipment end /or research and development equipment, and /or logistical distribution equipment and /or Information technology equipment for which the person wishes to claim a deduction. 'Projects "planned or committed to after July 1, 1987, and areas designated after July 1, 1987, require a STATEMENT OF BENEFITS. (1C 6 -1.1 -12.1) 2. Approval of the designating body (Clly Council, Town Board, County Council, etc.) must be obtained prior to installation of the new manufacturing equipment and /or research and development equipment and /or logistical distribution equipment and /or Information technology equipment, BEFORE e deduction may be approved 3. To obtain a deduction, a person must file a certified deduction schedule with the person's personal properly return on a certified deduction schedule (Form 103 -ERA) with the township assessor of the township where the properly Is situated or with the county assessor if there Is no township assessor for the township. The 103 -ERA must be filed between March 1 and May 15 of the assessment year In which new manufacturing equipment end /or research end development equipment and /or logistical distribution equipment and /or Information technology equipment Is Installed and fully functional, unless a fling extension has been obtained. A person who obtains a filing extension must file the form between March 1 and the extended due dale of that year. 4. Property owners whose Statement of Benefits was approved after June 30, 1991, must submit Form CF -1 / PP annually to show compliance with the Statement of Benefits. (IC 6 -1.1- 12.1 -5.6) 5, The schedules established under IC 6 -1.1- 12.1- 4.5(d) and (e) apply to equipment Installed after March 1, 2001, unless an alternative deduction schedule is adopted by the designating body (/C 6.1.1- 92.1 -17). SECTION 1 TAXPAYER INFORMATION ._ _ __ Narnecofctaxpaye _.. __._.__..._.__.___.. - ________ .._....__....__ .__.. . _._ Steel Dynamics, Inc. Address of taxpayer (nurnberand street, city, state, and ZIP code) 5134 Loop Rood, Jeffersonville, IN 47130 Name of contact person Telephone number Diana Maynard (612) 218 -1490 SECTION 2 LOCATION AND DESCRIPTION OF PROPOSED PROJECT Name of designating body Resolution number (s) Common Council of the City of Jeffersonville Location of property County DLGF taxing district number 5134 Loop Road, Jeffersonville Ciar€c 039 Description of manufacturing equipment andlor research and development equipment ESTIMATED andlor logistical distribution equipment and /or information technology equipment. COMPLETION DATE START DATE (use additional sheets if necessary) Manufacturing Equipment 03/31 /2014 replacement of existing drives, motors, and software �"� automation with upgraded cleaning section process R & 0 Equipment /. equipment Logist Dist Equipment - ' /----'- IT Equipment / /� SECTION 3 ESTIMATE: OF EMPLOYES AND SALARIES AS RESULT OF PROPOSED) PROJECT Current number Salaries Number retained Salaries Number additional SatarIes 98 8,567,140.00 98 8,567,140.00 0 ; 0.00 SECTION 4 ESTIMATED TOTAL COST AND VALUE OF PROPOSED PROJECT NOTE; Pursuant to IC 6- f.1- 12.1 -5.1 (d) (2) the MANUFACTURING R & ©EQUIPMENT t - OGIST DiST IT EQUIPMENT EQUIPMINT EQUIPMENT COST of the property is confidential. COST ASSESSED COST ASSESSED COST ASSESSED COST ASSESSED i VALUE VALUE VALUE VALUE } Current values Plus estimated values of proposed project _ 5,780,000.00 Less values of any property being replaced Net estimated values upon completion of project SECTION 5 WASTE CONVERTED AND OTHER BENEFITS PROMISED BY THE TAXPAYER Estimated solid waste converted (pounds) Estimated hazardous waste converted (pounds) Other benefits: SECTION 6 TAXPAYER CERTIFICATION I hereby certify that the representations lo this statement are true. Signature of iii rtzed representative Title , signed (month. day, year) .f — __l f 4 f'i_g4,4.e.r Lf_ I -. /3 e Paige 1 of 2 FOR USE OF THE DESIGNATING BODY We have reviewed our prior actions relating to the designation of this economic revitalization area and find that the applicant meets the general standards adopted in the resolution previously approved by this body. Said resolution, passed under fC 6- 1.1- 12.1 -2.6, provides for the following limitations as authorized under IC 6- 1.1- 12.1 -2. A . The designated area has been limited to a period of time not to exceed calendar years ` (see below). The date this designation expires Is 13 . The type of deduction that Is allowed in the designated area Is Limited to: 1, Installation of new manufacturing equipment; ❑ Yes ❑ N o 2. Installation of new research and development equipment; ❑ Yes ❑ N o 3. installation of new logistical distribution equipment. ❑ Yes ❑ N o 4. installation of new Information technology equipment; ❑ Yes ❑ N o implop e ._T he _arpount,Qf_deduction_ae9110.41 2w rnanufacturinA flit entJs_limited to $ a n_assessed value 4f D. The amount of deduction applicable to new research and development equipment is limited to $ cost with an assessed value of E . The amount of deduction applicable to new logistical distribution equipment is limited to $ cost with an assessed value of F. The amount of deduction applicable to new information technology equipment Is limited to $ cost with an assessed value of O. Other limitations or conditions (specify) H. The deduction for new ma►tufecturing equipment and/or new research and development equipment and /or new logistical distribution equipment and/or new information technology equipment installed and first claimed eligible for deduction on or after July 1, 2000, Is allowed for: ❑ 1 year ❑ 6 years **For ERA's established prior to July 1, 2000, only a ❑ 2 years ❑ 7 years 6 or 10 year schedule may be deducted. ❑ 3 years C7 8 years ❑ 4 years ❑ 9 years ❑ 5 years'* ❑ 10 years "r I, Did the designating body adopt an alternative deduction schedule per IC 6 -1,1- 12,1 -17? ❑ Yes ❑ No If yes, attach a copy of the alternative deduction schedule to this form. Also we have reviewed the Information contained in the statement of benefits and find that the estimates and expectations are reasonable and have determined that the totality of benefits is sufficient to Justify the deduction described above. Approved: (signature end title of authorized member) Telephone number Date signed (month, day, year) t Attested by: beslgneted body " If the designating body limits the time period during which an area is an economic revitalization area, It does not limit the length of time a taxpayer Is entitled to receive a deduction to a number of years designated under IC 6- 1,1-12,1 -4,6 . Page 2of2 Proposed Equipment List Deflector Roll #1 30,200 High Pressure Water Spray Tank 260,800 Deflector Roll tt2 30,200 Support Structure 132,700 Deflector Roll #3 30,200 Spray Cleaning Tank 271,900 Brush Scrubber #1 295,600 Offline Reservoir for Brush #2 89,100 Wringer Rolls for Brush #2 143,400 inner Tank for Brush #2 29,100 Cascade Rinse Tanks 485,100 Solution Circulation System 72,800 Fume Exhaust System 66,100 Bridle #2 131,900 Stainless Steel Tank Upgrade 121,500 Water Softener 14,378 Sumps 3,500 Pump Skids 135,000 Lechler Headers 112,200 Ductwork /mist elim 50,000 Zero Gravity Filters 100,000 Sonic Air 100,000 ABB Motors 725,141 ABB Drives 522,245 Spare motors, drives PLCs 465,246 Process Control Room Pemco 300,000 PLC Controllers - Rockwell 255,800 Wire for Motors 203,651 Sub Station and Switchgear 125,000 Generator Cat 500 Kw w /Transfer Switch 82,500 Motor Control Center with Drives and Starters for 78,800 Cleaning section Control Wiring and Network Cable 65,000 Network Routers and switches 65,000 Pad and Structure for PCR 49,550 UPS for PLCs, Computers, Network 35,000 Computers and Servers 25,000 Blowers and Brakes for Motors 20,255 Instrumentation for Cleaning Section 14,850 Starters for Strip Dryer 12,959 Tray 12,028 Computers, Workstations 10,000 480 3P Distribution Center 5,680 5,779,383 H: \Abatement Equipment List 2013,xfs Page 2 Percent of Fringe Benefits 29.50%