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Home My WebLink About1994-R-31 WHEREAS, Richard W. Rademaker and Linda F. Rademaker have petitioned the Common Council of the city of jeffersonville, Indiana, for a deduction in real property and personal property taxes to be assessed on proposed improvements to be made and equipment in the Clark Maritime Centre, located in the City of jeffersonville, Clark county, Indiana; and WHEREAS, Richard W. Rademaker and Linda F. Rademaker have submitted a Statement of Benefits on the form prescribed by the Indiana state Board of Tax Commissioners for such purpose, which statement includes 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; and WHEREAS, the Common Council of the City of jeffersonville has previously determined that the area in which the proposed located in the City of jeffersonville revitalization area pursuant to Indiana and Resolution 89-R-32 and Confirming redevelopment project is qualifies as an economic Code 6-1.1-12.1 et seq., Resolution 89-R-39; and WHEREAS, the Common council Benefits'submitted herein, and statement to this Resolution. has reviewed the Statement of attaches and incorporates that NOW, THEREFORE, BE IT RESOLVED ~Y the Common Council of the City of jeffersonville that it specifically and affirmatively finds as follows: 1. That the estimate of the value of the redevelopment or rehabilitation is reasonable for projects of the nature described in the statement of Benefits submitted by the o developer- 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 or rehabilitation' 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 or rehabilitation- That all other information requested from Richard W. Rademaker and Linda F. Rademaker has been submitted, and the benefits described in such information can be reasonably expected to result from the proposed described redevelopment or rehabilitation- 5. That the totality of benefits for said redevelopment or rehabilitation is sufficient to justify the deduction. BE IT FURTHER RESOLVED that the Common Council of the City of jeffersonville hereby approves the application for deduction presented by the Statement of Benefits filed by Richard W. Rademaker and Linda F. Rademaker and that said developers shall be entitled to deductions forl a period of ten (10) years for improvements to real property, pursuant to the provisions of I.C. 6-1.1-12-3(d) and I.C. 6-t-1-12'!-4(d)(3)' and ten (10) years for equipment pursuant to I.C. 6_1.1.12.1-4-5, with the timely filing and perfection thereof with the Clark County Auditor'S office. " lq Passed and adopted this _ day of__ . ., 1994, by the Common Council of the Cit~ of jeffersonville, Clark County, Indiana. clerk-Treasurer presented by me as clerk-Treasurer to the Mayor of the City of - ~. Ri6nard SpenC~, Jr.~/ clerk-Treasurer ; 1994. Mayor l~&ymon~ Parke H3638:3955 083094: [: 14364:STrr~S'~ RADER4AK~R RESOLUTION IFORM SB ;1 I ~ STATEMENT OF BENEFITS State Form 27167 (R3 / 11-91) Form SS - 1 is prescnoed by the State Board o4 Tax Commissioners, 1989 The m~ords in this series are CONFIDENTIAL acco rding to lC 6-1.1-35-9-- .... i r to the ut~lic hearing if the designating body r6quires iqfor. iNSTRUCTIONS: ............ ,h= onomic raw ihzatton area pr o ..... P .... (:,therwis his statement must be sulking.ed · entmustbesubmfte~te.theDoo¥~e~,Y"'~'"~J'"~ec nsteanEconemcRewtmza_r~on,~=,,=. T:--:._oe~t..~ha~iltetionofreaipropetly~or 1. Th/~ stet. e~m_ .,.^ ~nnl~c~nt th maktn~l ~ts dec~slon abeut whether to d. es~g.- .... ;*'-~nt or BEFOR~: the reoeve~opm~., ~'£ '..~ '~_. ~.. ~.~,, ~ 1987 ancl the whichtheders~w~J~::J-~J~`-"~"ed~bvtheapp~icant~an~appr~ve~D--y~%~;~;~ /[~'6.11-12.1) -. "project" w_a_s pla~n_n.e_o_.a~u~;,~ after J~u y 1, 1987 require a STATEM~N ~ · ouncil Town Board, County Council etc.) must be obtained pnor to initiation of the redevelopment Or rehabititation, ~nnrnv~i 0 the desi hating body (CIW C , . __-, =~=c~g~= eduction may t~e approved. 2. ~rior te ~/ntlstallatzogn of the new manufactunng equl~)~ ............ ad New Machinery, must de tiled w~th the county'auditor. W'gh · · A Real Estate Improvements and / or For~ 322 EF~ / PA da s after a notice of increase in re~l .p~..rty assessment ~n a deduct~on. Form 322 ER , . r of' 1 May l O or (2) th~rly (30) Y ment ar ~n which new manufac' Toobta m stDetiledbythelate · ( ) · Ma 15oftheassess. ye 3. respect to real pro.~e.r~_., .F.o.r~m~3~eEsRsoA~ UF~rm 322 ERA / PP must be filed between M.,a_~h~,l~ ~snda fili~a extension must file the form between March I and 't~rin"--~qu~' --'pment is installed, unless a fihng ex~ensto. ,~0 ~,= ........ . ........... ~.,~ with the Statement of 4. ~;Yrsl:~!~s.2e.l.SSta.~)ement°fBenef/tswasappr°vedafterJu/yl' 1991mustsubmitFormCF lannually'°'"u Richard W. Rademaker and Linda F. Rademaker ind number, city, stats and ZIP code) 89~6 C~om~ell Hill Ro~d, D:)uis~ille, ~Z 40222 Name of contact person Richard W. Rademaker Tetephone nuttier body jeffersonville City Council County Clark Clark Maritime Centre ~ improvements and / or new manufacturing equipmem to be acquired (use addi~onal 000 square foot building for lease to Heat Transfer Specialties, Inc., for fabrication of heating, air conditioning and ventilation syst. ems for cormnercial and industrial facilities along with the Taxing district jef fersonville /~-25-94 2-1-95 -~' ...... ISalaries Numder retained Cu,e~ number [1 , 676,000/yr. 55 ,406,000/yr. 73 mber additional 25 375 ;00:0/-yr resenta~ons in this statement are true. ~_ _;..,~/,-~.,~fh day. veer) We have reviewed our prior actions relating to the designation of this eSonomic revitalizatio ~ general standards adopted in the resolut on revi vides for the following limitations as a oriT~Pd .._~ous!y,.approved by this body aid r~,-A n.,¢rea and find that the a tican uth .....u u.uer iL; 6-1 1-12 1 ~ _. S ..... ~ulUtlOn, passed under ~r, ~P~P, ~,,t meets the · · '- ....... ',.,-~.1-2.5, pro- A. The designated area has been limited to a period of time not to exceed __ 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 [] No 2. Installation of new manufacturing equipment; 3. Residentially distressed areas ~ Yes [] No [DYes []No C. The amount of deduction applicable for new manufacturing equipment installed and first claimed eligible for deduction after Ju~¥ 1987, ia limited to $ cost with an assessed value of $ D. The amount of deduction applicable to redevelopment or rehabilitation th an area designated after September 1, 1988 Js limited to $ cost with an assessed value of $ E. Other limitations or conditions (specify)_ F. The deduction for new manufacturing equipment installed and first claimed [] 5 years ~ 10 years eligible for deduction after July 1, 1991 is allowed for: Also we have rewewed 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. title of autho~zecl member) (month, day, year) _ calendar years * (see below)· The date this * If the ~ Jeffersonville City Council the time pedod during which an area is an economic revitilization area, it does not limit the length of to receive a deduction to a number of years designated under lC 6-1.1-12.1-4 or 4.5 Name y: (see tables below)