HomeMy WebLinkAbout2015-R-4BEFORE "T IIE COMMON COiJNCIL
FOR THE CITY OF JSFFERSONVIL"LE, INDINAA
RFSOI.U7,ION NO. 2015-12-
RFSOLIJTI401.1"4 APPROVING STATEMENT OF BENEFIT FOR
PROPOSED REAL PROPERTY TAX ABATEMENT
WHEREAS, Trilogy Health Services, LLC petitioned the Common Council of
the City of Jeffersonville, Indiana, for a deduction in real property taxes to be assessed on
a proposed redevelopment of property, including the construction and buildings and
related improvements, to be generally located at the SE Corner of Woehrle Road and
Charlestown Pike located in the City of Jeffersonville, Clark County, Indiana; and
WHF REAS, "I`rilogy Health Services, LLC, has submitted a Statement of
Benefits on the form prescribed by the Indiana State Board of Tax Commissioners for
real 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
C=ity of Jeffersonville qualifies as an economic revitalization area pursuant to Indiana
Code 6-1 _1-1 2. 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
$12,000,000.00 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 100 individuals who will be employed can
reasonably be expected to result from the proposed described redevelopment or
rehabilitation.
3. That the estimate of the annual salaries of $3,000,000.00 of those individuals who
will be added can be reasonably expected to result from the proposed described
redevelopment or rehabilitation.
4. That the taxes lessened from the granting of this abatement shall be for
improvements in real estate up to the value of $12,000,000.00.
5. That all other information requested from Trilogy Health Services, LLC has been
submitted, and the benefits described in such information can be reasonably
expected to result from the proposed described redevelopment.
6. That the totality of benefits for said redevelopment is sufficient to justify the
deduction.
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 Trilogy Health Services, LLC, and that said
company shall be entitled to deduction for a period of TEN (10) years for
improvements to real 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 a day ofilla)nn , 2015.
VOTED FOR: VOTED AGAINST:
Passed and adopted by the Common Couf the City of Jeffersonville, Clark
County, Indiana on this 3 day of nci o , 2015.
Vicki Conlin, Clerk
isa ill, Council President
Presented by me as Clerk to the Mayor of said City of Jeffersonville this 3 day of
1r41nc..➢, , 2015.
This Resolution approved and signed by me this
2015.
Goo
Vicki Conlin, Clerrk
1 -r -k
This Resolution vetoed by me this day of
Mi Moore, Ma or
, 2015.
Mike Moore, Mayor
ATTACHMENT TO THE STATEMENT OF BENEFITS
FOR TRILOGY HEALTH SERVICES, LLC
February , 2015
The council will grant a 10 -year abatement on $12,000,000.00 in real 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 /o as described in Indiana Code 6-1.1-12.1-
14. /00
TRILOGY HEALTH SERVICES, LLC
By:
Printed:
Title:
BEFORE THE JEFFERSONVILLE REDEVELOPMENT COMMISSION
STATE OF INDIANA
A RESOLUTION RECOMMENDING TO THE COMMON COUNCIL
APPLICATION FOR TAX ABATEMENT FOR TRILOGY HEALTH SERVICES, LLC
RESOLUTION NO. 2015-R- 3
WHEREAS, Trilogy Health Services, 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
2. The Jeffersonville Redevelopment Commission hereby recommends to the
Common Council the application for tax abatement for Trilogy Health Services, LLC
Adopted at a meeting of the Jeffersonville Redevelopment Commission held the —
day of F6rvari , 2015.
ATTEST:
Secretary
1/2961557.1
JEFFERSONVILLE REDEVELOPMENT
COMMISSION
STATEMENT OF BENEFITS
REAL ESTATE IMPROVEMENTS
State Form 51767 (R5 / 12-13)
Prescribed by the Department of Local Govemment Finance
This statement is being completed for real property that qualifies under the following Indiana Code (check one box):
❑ Redevelopment or rehabilitation of real estate improvements (IC 6-1.1-12.1-4)
❑ Residentially distressed area (IC 6-1.1-12.1-4.1)
20 PAY 20_
Name of taxpayer
TRILOGY HEALTH SERVICES LLC
FORM SB -1 /Real Property
PRIVACY NOTICE
Any information conceming the cost
of the property and specific salaries
paid to individual employees by the
property owner is confidential per
IC 6-1.1-12.1-5.1.
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
infomtation 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 the redevelopment or rehabilitation of real property for which the person wishes to claim a deduction.
2. The statement of bene/its form must be submitted to the designating body and the area designated an economic revitalization area before the initiation of
the redevelopment or rehabilitation for which the person desires to claim a deduction.
3 To obtain a deduction, a Fo►m 322/RE must be filed with the County Auditor before May 10 in the year in which the addition to assessed valuation is
made or not later than thirty (30) days after the assessment notice is mailed to the property owner if it was mailed after April 10. A property owner who
failed to file a deduction application within the prescribed deadline may file an application between March 1 and May 10 of a subsequent year.
4. A property owner who files for the deduction must provide the County Auditor and designating body with a Form CF-1/Real Property. The Form CF-1/Real
Property should be attached to the Fom1322/RE when the deduction is first claimed and then updated annually for each year the deduction is applicable.
IC 6-1.1-12.1-5.1(b)
5. For a Form SB-1/Real Property that is approved after June 30, 2013, the designating body is required to establish an abatement schedule for each
deduction allowed. For a Form SB-1/Real Property that is approved prior to July 1, 2013, the abatement schedule approved by the designating body
remains in effect. IC 6-1.1-12.1-17
SECTION 1 TAXPAYER INFORMATION
Name of taxpayer
TRILOGY HEALTH SERVICES LLC
Address of taxpayer (number and street, city state, and ZIP code)
303 N. HURSTBOURNE PARKWAY, SUITE 200, LOUISVILLE, KY 40222
Name of contact person Telephone number
JOSHUA HOLE ( 614 ) 8730143
SECTION 2 LOCATION AND DESCRIPTION OF PROPOSED PROJECT
E-mail address
oshua.hole • tnt-ntci.com
Name of designating body
JEFFERSONVILLE CITY COUNCIL
Resolution number
TBD
Location of property
SE CORNER OF WOEHRLE RD & CHARLESTOWN PIKE
County
I
CLARK
DLGF taxing district number
TBD
Description of real property improvements. redevelopment, or rehabilitation (use add6onal sheets if necessary)
GROUND UP CONSTRUCTION OF AN ASSISTED LIVING COMMUNITY $10 - $12M OF TOTAL
Estimated start date (month, day, yea)
04/20/2015
INVESTMENT
Estimated completion date (month, day, year)
05/01/2016
SECTION 3
Current number
0.00
SECTION 4
ESTIMATE OF EMPLOYEES
Salaries
$0.00
ESTIMATED
AND SALARIES AS RESULT OF PROPOSED
Number retained Salaries
0.00 $0.00
TOTAL COST AND VALUE OF PROPOSED PROJECT
PR
Number additional
100.00
JECT
Salaries
$3,000,000.00
REAL ESTATE IMPROVEMENTS
COST
ASSESSED VALUE
Current values
0.00
Pius estimated values of proposed project
12,000.000.00
Less values of any property being replaced
0.00
Net estimated values u. on com . etion of . ro'ect
12, 000.000.00
SECTION 5 WASTE CONVERTED AND OTHER
BENEFITS PROMISED BY THE TAXPAYER
0.00
Estimated hazardous waste converted (pounds) 0.00
Estimated solid waste converted (pounds)
Other benefits
N/A
SECTION 6 TAXPAYER CERTIFICATION
I here •. •-rtify that the representations in this statement are true.
Signatu -1 2, orized representati
1
Date signed (month, day, year)
z�ir
Pnn ;me • authorized repress five
P TER MASSEY
Title
I ASST. VICE PRESIDENT - DEVELOPMENT
Page 1 of 2
FOR USE OF THE DESIGNATING
We find that the applicant meets the general standards in the resolution adopted
under IC 6-1.1-12.1, provides for the following limitations:
A. The designated aria h s been limited to a period of time not to exceed
expires is 05Tot 202.1.0
BODY
or to be adopted by this body. Said
1 calendar years' (see below).
resolution, passed or to be passed
The date this designation
to:
Yes ❑ No
Yes ji.No
•
B. The type of deduction that is allowed in the designated area is limited
1. Redevelopment or rehabilitation of real estate improvements
2. Residentially distressed areas
C. The amount of the deduction applicable is limited to $ 121Ono .000
D. Other limitations or conditions (specify)
ear 5 ('see below)
E. Number of years allowed: 0 Year 1 • Year 2 0 Year 3 0 Year 4 Xear
❑ Year 6 ❑Year 7 ❑Year 8 ❑Year 9 10
F. For a statement of benefits approved after June 30, 2013, did this designating body adopt an abatement schedule per IC 6-1.1-12.1-177
*Yes 1 No
Yes, attach a copy of the abatement schedule to this form.
If no, the designating body is required to establish an abatement schedule before the deduction can be determined.
We have also 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 of designating body)
Telephone number
('Q)ag,,5— (e 7
Date signed (month day, year)
3 _
Printed name of authorized member of designating body
l A Gr 11
Name of designs ng
Cnf1 n (.1 I bcr-re.s el)e n - /J �
Atte's/ted by (signature and title of attester)
Printed namR o ter
* If the designating body limits the time period during which an area Is an economic rt°vitalization area, that limitation does not limit the length of time a
taxpayer is entitled to receive a deduction to a number of years that is less than the number of years designated under IC 6-1.1-12.1-17.
A. For residentially distressed areas where the Form SB-1/Real Property was approved prior to July 1, 2013, the deductions established in IC
6-1.1-12.1-4-1 remain in effect. The deduction period may not exceed five (5) years. For a Form SB-1/Real Property that is approved after June 30,
2013, the designating body is required to establish an abatement schedule for each deduction allowed. The deduction period may not exceed ten
(10) years. (See IC 6-1.1-12.1-17 below.)
B. For the redevelopment or rehabilitation of real property where the Form SB-1/Real Property was approved prior to July 1, 2013, the abatement
schedule approved by the designating body remains in effect. For a Form SB-1/Real Property that is approved after June 30, 2013, the designating
body is required to establish an abatement schedule for each deduction allowed. (See IC 6-1.1-12.1-17 below.)
IC 6-1.1-12.1-17
Abatement schedules
Sec. 17. (a) A designating body may provide to a business that Is established in or relocated to a revitalization area and that receives a deduction under
section 4 or 4.5 of this chapter an abatement schedule based on the following factors:
(1) The total amount of the taxpayer's investment in real and personal property.
(2) The number of new full-time equivalent jobs created.
(3) The average wage of the new employees compared to the state minimum wage.
(4) The infrastructure requirements for the taxpayer's investment.
(b) This subsection applies to a statement of benefits approved after June 30, 2013. A designating body shall establish an abatement schedule
for each deduction allowed under this chapter. An abatement schedule must specify the percentage amount of the deduction for each year of
the deduction. An abatement schedule may not exceed ten (10) years.
(c) An abatement schedule approved for a particular taxpayer before July 1, 2013, remains in effect until the abatement schedule expires under
the terms of the resolution approving the taxpayer's statement of benefits.
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