HomeMy WebLinkAbout2003-R-06 RESOLUTION 2003-RID
RESOLUTION APPRO~)ING STATEMENT OF BENEFITS
FOR PURPOSES OF PROPERTY TAX ABATEMENT
WHEREAS, Kasle Metal Processing, LLC (the "Applicant"), has petitioned the Common
Council of the City of Jeffersonville, Indiafia, for a deduction in real property taxes to be
assessed on proposed improvements to be made on properties located at the Clark Maritime
Centre in the City of Jeffersonville, Clark County, Indiana; and
WHEREAS, the Applicant has submitted an application which includes the Statement of
Benefits on the form prescribed by the Indiana State Board of Tax Commissioners for such
purpose, which application and statement iaclude a description of the proposed redevelopment,
an estimate of the number of individuals who will be employed as a result of the redevelopment,
an estimate of the annual salaries of these individuals, and an estimate of the value of the
redevelopment, attached hereto as Exhibit '*A"; and
WHEREAS, the Common Council of the City of Jeffersonville has previously
determined that the area where the proposed redevelopment project is located in the City of
Jeffersonville is an Economid'*Revitalization Area pursuant to Indiana Code 6-1.1-12.1 et seq.,
Resolution 89-R-32 and Confirming Resolqtion 89-R-39; and
WHEREAS, the City's Department'ofRedevelopment has reviewed the application and
Statement of Benefits submitted by the Applicant and has advised the Common Council that the
application has been submitted in compliance with the approved Tax Abatement Policy of the
Common Council of the City of Jeffersonville.
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 the redevelopment is reasonable for projects of
the nature described m the Statement of Benefits submitted by the Apphcant.
2. That the estimate of the number of individuals who will be employed or whose
employment will be retained can reasonably be expected to result from the proposed described
redevelopment.
3. That the estimate of the annual salaries of those individuals who will be employed
or whose employment will be retained can be reasonably expected to result from the proposed
described redevelopment.
4. That all other information rdquested from the Applicant has been submitted, and
the benefits described in such information 4an be reasonably expected to result from the
proposed described redevelopment.
5. That the totality of benefits for said redevelopment is sufficient to justify the
deduction.
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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, and that said Applicant shall be entitled to deductions for a period often (10) years
for improvements to real property, pursuant to the provision of IC 6-I. 1-12. l-3(d) and IC 6-1.1
12.1-4(d)(3), and for a period often (I 0) years for equipment and machinery pursuant to lC 6-
I. 1-12.1-4-5, with the timely filing and perfection thereof with the Clark County Auditor's
office.
Passed and adopted this(7~ day of June. 2003, by the Common Council of the City of
Jeffersonville, Clark County, Indiana.
ATTEST:
Pegg~'V~r, Clerk and Treasurer
Presented by me as Clerk and Treasurer to the Mayor of the City of Jeffersonville,
Indiana, this _:g day of June, 2003.
Peggy Wkl)&Or', Clerk and Treasurer
Approved and signed by me this 4~ day of June, 2003.
~Galligan, May~
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~002/00~
~STATEMENTOFBENEFITS I
sm~ ~m 2~ (~? / ~ ~.o~} FO RM
D~,., ytk,,, of reel property improvemen ts and / or rl~w m amufac~udclg equfpnleq~ arid / or
number
ESTIMATED
Start Dale Cornple{Ion Dale
R& DE
Number adc~l~nel
Othnr
! hernb7 cettlfy that the representations in ~is 9~tomen[ are ~ue.
We have reviewed our prier 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 lC 6-1.1-12,1-2.5, pro-
vides for the following limitations as authorized under lC 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. Redevelopment or rehabilitation of real estate improvements; [] Yes [] N o
2. Installation of newmanufactudng equipment; [] Yes [] No
3. Installation of new research and development equipment; [] Yes [] No
4. Residentially distressed areas [] Yes 6~ N o
C .The amount of deduction applicable for redevelopment or rehabilitation is limited to $ ................. cost with an assessed
value of $ ...................
D .The amount of deduction applicable to new manufacturing equipment is limited to $ ............... cost with an assessed
value of $ ....................
E. The amount of deduction applicab, le to new research and development equipment is limited to $ ................ cost with
an assessed value of $ .....................
F. Other limitations or conditions (specify)
Also we have reviewed the information contained in the statement of benefits and find that the estimates and expectations are reason-
able and have determined that the totality of benefits is sufficient to iustify the deduction described above.
Des gnated body
Date signed (month. day. year)
~ If the designating body limits the time period during which an area is an economic rev[tilization 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- or 4.5
PETITION
TO:
FROM:
RE:
DATE:
Common Council of the City of Jeffersonville
Kasle Metal Processing, LLC ("Kasle")
Petition for Tax Abatement
May 30, 2003
Pursuant to Ordinance No. 96-OR-84 of the City Council issued on November 18, 1996,
Kasle, by its counsel, Robert W. Lanum, hereby provides the following information:
1. Applicant -- Kasle Metal Processing, LLC
~/, Kasle"Steel Corporation
4943 Wyoming
Dearborn, Michigan 48126
Ce~re.
3.
The address of the proposed site is 5146 Maritime Road in the Clark Maritime
The Applicant and the Indiana Port Commission are currently working on the
long-term lease to the property.
4. The current assessed value of the property is $0. The land belongs to the State of
Indiana and there are no improvements on said land.
5. No real or personal property taxes have been paid at the site location during the
previous 3 years.
Kasle is a ne~v company to the area and does not have any current full or part time
employees.
7.
The estimated cost of the reaI property improvements is $9,000,000 and
equipment of $7,000,000, for ~vhich abatement is being requested.
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8. The estimate of the number of new permanent jobs to be created by the project
within I year of completion is 78 by 2004.
No building permits have been issued to date and no equipment has been
installed.
10.
The name and address of the person to contact regarding notice of Council
meetings and public hearings is Robert W. Lanum, Stites & Harbison PLLC, 323 East Court
Avenue, Jeffersonville, Indiana 47131, (812) 282-7566 (fax 812-284-5519).
I1. Attached is*a duly executed Statement of Benefits, Form SB-1.
Signed this/ff' day of May, 2003, by Robert W. Lanum, counsel for Kasle Metal
Processing, LLC. ,~
Robert W. Lanum
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