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Home My WebLink About2013-R-12 BEFORE THE JEFFERSONVILLE REDEVELOPMENT COMMISSION STATE OF INDIANA A RESOLUTION RECOMMENDING TO THE COMMOUN COUNCIL APPLICATION FOR TAX ABATEMENT FOR ACCENTf(X), LLC RESOLUTION NO. 2013-R- 'VD._ WHEREAS, Accentf(x), LLC 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 Accentf(x), LLC. Ad ted a a meeting of the Jeffersonville Redevelopment Commission held the (91--/ day of r , 2013. JEFFERSONVILLE REDEVELOPMENT COMMISSION " (1744 President ATTEST: Secretary • 4 1/2961557.1 f "t STATEMENT OF BENEFITS �r4.. 1 PERSONAL PROPERTY FORM SB - ! PP 0.. '' '' 1 d . State Form 51764 (82112 -11) • ° 7''' iri / Prescribed by the Department of Local Government Finance PRIVACY NOTICE rasa The cast and any specific individual's salary information is confidential; the balance of the fling is public record per IC 5 -1.1- 12.1 -5.1 (c) and (d). INSTRUCTIONS: 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 an Economic Revitalization Area. Otherwise this statement must be submitted to the designating body BEFORE a person installs the new manufacturing equipment and /or research and development equipment, and /or logistical distribution equipment and /or information technology equipment for which the person wishes io claim a deduction. "Projects" planned or committed to after July 1, 1987, and areas designated after July 1, 1987, require a STATEMENT OF BENEFITS. (iC 6 -1.1 -12.1) 2. Approval of the designating body (City 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 a deduction may be approved 3. To obtain a deduction, a person must file a certified deduction schedule with the person's personal property return on a certified deduction schedule (Form 103 -ERA) with the township assessor of the township where the property is situated or with the county assessor if there is no township assessor for the !awnship. The 103 -ERA must be filed between March 1 and May 15 of the assessment year in which new manufacturing equipment and /or research and development equipment and /or logistical distribution equipment and /or information technology equipment is installed and fully functional, unless a filing extension has been obtained. A person who obtains a filing extension must file the form between March 1 and the extended due date 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 -56) 5. The schedules established under /C 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- 12.1 -17). SECTION 1 , , • TAXPAYER iNFORMATIQN': Name of taxpayer Accentf(x) LLC Address of taxpayer (number and street, city, state, and ZIP code) 4600 New Middle Road, Jeffersonville, IN 47130 Name of contact person Telephone number Steven Kilcran .. (812) 206 -6200 :. .SECTION 2 . ,_ LOCATION AND DESCRIPTION OF PROPOSED PROJECT Name of designating body Resolution number (s) Clark County JEFF CITY -UTICA TWP -OFW Location of properly County DLGF taxing district number 4600 New Middle Road, Suite 2, Jeffersonville, IN 47130 CLARK 10039 Description of manufacturing equipment and /or research and development equipment ESTIMATED and /or logistical distribution equipment and /or information technology equipment. (use additional sheets if necessary) START DATE COMPLETION DATE Manufacturing Equipment 01/01/2013 12/31/2017 Mail equipment including printers, inserters and folders; R & 0 Equipment MR Logist Dist Equipment IIIIIIIII�� IT Equipment IMMIIIIIIIIIIIIII • :'SECTION 3 , - OrEMPLOYEES:AND SALARIES 4S.RESULT OF PROPOSED PROJECT Current number Salaries Number retained Salaries Number additional Salaries 0 0.00 0 0.00 35 1,121,120.00 .SECTIO.N 4 ESTIMATED: TOTAL: COST: VALUE OF PROPOSED PROJECT NOTE: Pursuant to IC 6-1.1-12.1-5.1 (d) (2) the MANUFACTURING R & 0 EQUIPMENT LOGIST DiST IT EQUIPMENT EQUIPMENT EQUIPMENT COST of the property is confidential. COS ASSESSED COST ASSESSED COST ASSESSED COST ASSESSED IEIZZEEIIIIIIMIIIIIIIIIIIIIIIII VALUE VALUE VALUE VALUE 0.00 0.00 0.00 0A0 0.00 0.00 0.00 0.00 Plus estimated values of proposed project 200,000.00 200,000.00 0.00 0.00 0.00 0.00 0.00 0.00 Less values of any property being replaced 0.00 0.00 0.00 0.00 0.00 0.00 0.00 o.00 Net estimated values upon completion of project 200,000.09 200,000.00 0.00 0.00 0.00 0.00 0.00 0.00 • SECTION .5: ._ -WASTh ON CVERTEDAND OTHER BENEFITS PROMISED;BYTNE TAXPAYER Estimated solid waste converted (pounds) . 0.00 Estimated hazardous waste converted (pounds) 0 Other benefits: ,:SECTION 0 TAXPAYER CERTi �aN IIIIMIBO hereby certify that the representations in this statement are true. Signature of .prized re. - �� Title Date signed (month, day, year) • li . �---- CFO 04/17/2013 . Page 1 of 2 i:C• f7 i .,4:. �••}.:'iy, :: \:' '•l... Z:• i,t•S': y' .5. '1 • i.i y.,. `Ftd• .C,. 5:'Y,. `. :t. ;1. 'r: "'y)i:75 2 / ' :.,' r i' • " ;:. y.t S Hr r= •1" S t� •'i r..,�. .Si •t•• �ODY .. :i:'• �: � .J GrB 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 IC 6 -1.1- 12.1 -2.5, 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 B . The type of deduction that is allowed in the designated area is limited to: 1. Installation of new manufacturing equipment; ❑ Yes 0 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; ❑ Ye s ❑ N a C. The amount of deduction applicable to new manufacturing equipment is limited to $ cost with an assessed value of 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 G. Other limitations or conditions (specify) H. The deduction for new manufacturing 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 5 or 10 year schedule may be deducted_ ❑ 3 years ❑ 8 years ❑ 4 years ❑ 9 years ❑ 5 years "` ❑ 10 years 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 and title of authorized member) Telephone number Date signed (month, day, year) Attested by: Designated 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 -4.5 Page 2 of 2 Multi- Variant Color Image Printer $ 85,000 Friction Free Folder $ 25,000 Friction Free Folder $ 25,000 Multiplex Inserter $ 25,000 Multiplex Inserter $ 25,000 Stage Packager $ 15,000