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HomeMy WebLinkAbout2014-R-14BEFORE THE COMMON COUNCIL FOR THE CITY OF JDINAA RESOLUTION NO. 2014-R- / JEFFERSONVILLE, RESOLUTION APPROVING STATEMENT OF BENEFIT FOR PROPOSED REAL PROPERTY AND PERSONAL PROPERTY TAX ABATEMENT WHEREAS, Delaco Kasle Processing Indiana, LLC petitioned the Common Council of the City of Jeffersonville, Indiana, for a deduction in real and personal property taxes to be assessed on a proposed redevelopment of property, including the construction and buildings and related improvements, to be generally located at 5146 Maritime Road located in the City of Jeffersonville, Clark County, Indiana; and WHEREAS, Delaco Kasle Processing Indiana, LLC , has submitted a Statement of Benefits on the form prescribed by the Indiana State Board of Tax Commissioners for real property and personal property, which statements includes a description of the proposed redevelopment, an estimate of the number of individuals who will be employed as a result of the redeveloped, 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 6-1.1-12.1-5, et seq.; and WHEREAS, the Redevelopment Commission of the City of Jeffersonville has made a favorable recommendation for approval of the Statement of Benefits; and 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 find as follows: 1. That the estimate value of the qualifying real estate improvement of $5,650,000.00 is reasonable for projects of the nature described in the Statement of Benefits submitted by the company. 2. That the estimate value of the qualifying personal property improvement of $8,630,000.00 is reasonable for projects of the nature described in the Statement of Benefits submitted by the company. 3. That the estimate of the number of 105 individuals who will be added can reasonably be expected to result from the proposed described redevelopment or rehabilitation. 4. That the estimate of the annual salaries of 105 of those individuals who will be added can be reasonably expected to result from the proposed described redevelopment or rehabilitation. 5. That the taxes lessened from the granting of this abatement shall be for improvements in real estate up to the value of $5,650,000.00. 6. That the taxes lessened from the granting of this abatement shall be for improvements in personal property up to the value of $8,630,000.00. 7. That all other information requested from Delaco Kasle Processing Indiana, LLC has been submitted, and the benefits described in such information can be reasonably expected to result from the proposed described redevelopment. 8. That the totality of benefits for said redevelopment is sufficient to justify the deduction. 9. That Delaco Kasle Processing Indiana, LLC has agreed to the payment of a fee of 10% of the annual benefit of the abatement of the Jeffersonville City Council annually as described in I.C. 6-1.1-12.1-14. 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 Delaco Kasle Processing Indiana, LLC , and that said company shall be entitled to deduction for a period of TEN (10) years for improvements to real property and FIVE (5) years for personal property pursuant to provisions of I.C. 6-1.1-12.1-3(d), with the timely filing and perfection thereof with the Clark County Auditor's office. This Resolution shall be in full force and effect from and after its passage and approval. Passed this 4day of J .L"fl1Z , 2014. VOTED AGAINST: Passed and adopted by the Common Council of the City of Jeffersonville, Clark County, Indiana on this a day of lzyts_ , 2014. -Dennis Julius, .uncil President Vicki Conlin, Clerk resented by me as Clerk to the Mayor of said City of Jeffersonville this , 2014. ().(/k- V is i Conlin, Clerk This Resolution approved and signed by me this day of 2014. day of Mike Moore, Mayor This Resolution vetoed by me this day of , 2014. Mike Moore, Mayor BEFORE THE JEFFERSONVILLE REDEVELOPMENT COMMISSION STATE OF INDIANA A RESOLUTION RECOMMENDING TO THE COMMON COUNCIL APPLICATION FOR TAX ABATEMENT FOR DELACO KASLE PROCESSING INDIANA, LLC RESOLUTION NO. 2014-R- 10 WHEREAS, Delaco Kasle Processing Indiana, 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 Real Property and Personal Property; and 2. The Jeffersonville Redevelopment Commission hereby recommends to the Common Council the application for tax abatement for Delaco Kasle Processing Indiana, LLC Adopted at a meeting of the Jeffersonville Redevelopment Commission held the day of , 2014. JEFFERSONVILLE REDEVELOPMENT COMMISSION ATTEST: Secretary I/2961557.1 ATTACHMENT TO THE STATEMENT OF BENEFITS FOR DELACO KASLE PROCESSING INDIANA, LLC , 2014 The council will grant a 10 -year abatement on $ 5,650,000.00 in real property and a 5 - year abatement on $ 8,630,000.00 in personal property as allowed by state statute. The company will provide jobs and salaries as specified in the SB -1 and any attachment thereto. The "salaries" on the SB -1 is agreed to mean base hourly wages, without overtime or benefits, times 2080 hours per year for the number of employees as indicated in Section 3 of the SB -1. It is the expectation of the council that the company will reach the number of employees and average wages specified on the SB -1 within five years of the date of the certificate of occupancy. The company understands that this abatement is being offered based upon those jobs and wages. If the company fails to substantially reach those numbers or fails to maintain those numbers over the life of the abatement, the council may as provided by law rescind this abatement. The company agrees to make available any and all information the council deems necessary to verify compliance. The company agrees to pay an annual fee of 10% as described in Indiana Code 6-1.1- 12.1-14. DELACO KASLE PROCESSING INDIANA, LLC By: Printed: Title: ABATEMENT SCHEDULE EXHIBIT REAL PROPERTY PERSONAL PROPERTY Year 1-100% Year2-95% Year3-80% Year4-65% Year 5 — 50% Year6-40% Year 7 — 30% Year8-20% Year 9-10% Year 10 — 5% Year 11— 0% Yea r1-100% Year 2 — 80% Year3-60% Year4-40% Year 5 — 20% Year 6-0%