HomeMy WebLinkAbout1992-R-14 RESOLUTION NO. 92-R- /~
RESOLUTION APPROVING STATEMENT OF BENEFITS FOR
PURPOSES OF PROPERTY TAX ABATEMENT
WHEREAS, Tom W. Sander and Fred M. Ralston 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
S & R Park, located in the City of jeffersonville, Clark County,
Indiana; and
WHEREAS, Tom W. Sander and Fred Mi Ralston have submited a
Statement of Benefits on the form prescribed by the Indiana State
Board of Tax Commissioners for such purpose, which st~tement
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
redevelopment project is located in the city of jeffersonville
qualifies as an economic revitalization area pursuant to Indiana
code 6-1.1-12.1 et seq., and Resolution ~ -R- ~7 ; and
WHEREAS, the Common Council has reviewed the Statement of
Benefits submitted herein, and attaches and incorporates that
Statement to this Resolution.
NOW, THEREFORE, BE IT RESOLVED by 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 redevelopmelnt or
rehabilitation is reasonable for projects of the nature
described in the Statement of Benefits submitted by the
developer.
2. That the estimate
of the number of individuals who will be
employment will be retained can reasonably
result from the proposed described
employed or whose
be expected to
redevelopment or rehabilitation-
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 or rehabilitation-
4. That all other information requested from Tom Sander and Fred
Ralston 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 Tom W..Sander and
Fred M. Ralston and that said developers shall be entitled to
deductions for 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. 6-1.1-12.1-4(d) (3),
to I.C. 6-1.1-12.1-4.5, with the timely filing and
thereof with the Clark County Auditor's office.
Passed and adopted this ~ day of ~"~
by the Common Council of the city of jeffersonville,
and ten (10) years for equipment pursuant
perfection
, 1992,
Clark County,
Indiana.
Attest
sident, Common council
Presented by me as Clerk-Treasurer to the Mayor of the city
of jeffersonville, Indiana, this _ ~ day of .~/~/~ ,
1992.
1992.
STATEMENT OF BENEFITS
State Fon~ 27167 (R3111-91)
Form SB - 1 is prescribed by the State E~oa;d of Tax Commissioners. 1989
The records in this series are CONFIDENTIAL according to lC 6-1.1-35-9
IFORM I
SB -1
INSTRUCTIONS; ' vi'i iza ion area ,~rior to the public hearing il the designating body requires infor-
~ tatement must be submitted o the body de~/gn~tln, g !~e e,c?~o~m;~c~r~e~ ;n Economic ~ev liza ion Area Othe~ise this statement must ~ submiEed
I. ~ ~. s . _ .~_ -~;~nt in makinn fis decision ~ou~ when.er ~v ~y~,~ . .... ~CFORE the redevelopment or rehabilitation of real ~ f~r
to the designating D~ ~rvq~ ~ ~'.~i~n A s~atement et benefits ~s not requ r~ ~r ~.e,are~ -~ .~;~.- 'Pr~iect~" ~lann~ or ~mmitted to after
"p~je~' was planned and ~mmitt~[~ ~,~ ~;'~u~r~a-~'TATEMENT OF B~NEFITS. (lC 6-1.1-12.1) ................. r~h~ilitation,
2 Ao~ovalofthedes~gnat~ngb~y( Y. . . _~_;~m~n~ BEFOREadeduct~onmaybeaPpro e .
22 ERA / PR New Machine~ must be filed with the ~n~ audft~.
.............. ~nrm 322 ERA, Real Estate mprovements ~n~ ~ ~ F°~ ~ /o~ ~hi.~ ~3OJ da~ after a noti~ of in~ea~ ~ real ~p~ asse~t
resp~t to rear ~ope~y, rv~f~ ~ ~nrm 322 ERA / PP must ~ f~led De~een ~a~uy.. .--- ..;p~_ ~,~ ~-~t file the form be~een ~ ~ a~
June 14 of ~at ye~.
Benefit. (lC 6.1.1-12.1-5.6)
Ad~ress o and ZIP c~e)
~ - ' ' Count~
~/ ~ O~ ~'~ ~.: ~ _ _~ ~'. ~ Estimated completion date
"- Cost Assessed Value Cost Assessed Value
Current values
Plus estimated values of proposed project..._~