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Home My WebLink About1992-R-21 RESOLUTION NO. 92-R- ~/ RESOLUTION APPROVING STATEMENT OF BENEFITS FOR pURPOSES OF PROPERTY TAX ABATEMENT WHEREAS, P.G.P., Inc., d/b/a Voss Clark, has 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, 'p.G.p., Inc., d/b/a Voss Clark, has 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., Benefits Resolution 89-R-39; and WHEREAS, the Common Council has reviewed the Statement of 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 rehabilitation is described in the developer. That the estimate of the value of the redevelopment or reasonable for projects of the nature Statement of Benefits submitted by the of the number of employed or whose employment will be retained can be expected to result from the proposed redevelopment or rehabilitation. individuals who will be reasonably described 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 P.G.P., Inc., d/b/a Voss Clark, 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 P.G.P., Inc., d/b/a Voss Clark, and that said developer 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-t.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 Co~on Council of the City of jeffersonville, Indiana. ~~ ~ident, Co~on Council and ten (10) years for equipment pursuant perfection , 1992, Clark County, ATTEST: C. R~hard Spencer, Jr, Clerk-Treasurer Presented by me as Clerk-Treasurer to the Mayor of the city of Jeffersonville, Indiana, this ~/Sday of .~/~ , 1992. C. Ri~ard Spencer, Jr ~ £, ~ _//~1' C 1 erk-Trea surer ~/~/_...~/.A/~ Approved and signed by me this w~-~// day of _~/~ , 1992. ~.'~'] F~rn SB - ~ is presczibe~ by ~he State Board of Tax Commissioners, 1989 INSTRUCTIONS: This statement must be submiitad to the body designating the economic revftil~zation area prior to the public hearing if the designating body requires infor. I. mation from the applicant in making its d~cJ~ion about whether to .desigqata an.Economic R_e_~dz_a_~i?n Area..Othem,,~e th,~ st~at..e...m_.e.._n_t m_~.~be~suo~bm~f~or to the designating body BEFORE a person ~nstalls the new menufac~u..nng equ~pme~t, ~.u_t:l-u~ ~e r~_e_v..e_;_o_p._m~en_~_~re~na~_~_a~o~,..o~r. F~ ~?~a~ ~ whicb ~e person twshes to claim a d~duc~on. A statement of benems is not ~'~u~re~ ~ ~ne area was.~slg, na~.,~_,.c~.n~_. ~,.,u, ~u.,,u,y ,, ~,j._ ~-r July 1. 1987 ancl areas 6es~gnatad after July 1, 1987 require a S TA TEM~'I~T OF B'~NEFI~/'S. (lC 6-1.1-12.1) 2. A;:~roval of the designating body (City Counbll, Town B~ard, C,~unty Council, ~to.) must be oblai~, prfor to in~ation of the redevelot~nent or rehabilitation, or I~ior to installation of the new manutactudng equipment, BEFORE a dequct~on may be aplwo . 3. To oDtain a de(tuction. Form 322 ERA, Real Estate Improvements and / or Form 322 ERA / PP, New Machinery, must be filed wf~h the county auditor. W'~h respect to real preperty. Form 322 ERA must be filed by the latar of: (1) May lO; or (£) thir~y (30) days after a nblice of inc~'ease in real propeny assessment ~s received from the township assess~. . Form 32.~ ERA / PP must ~e filed between March 1.and M..~y 15 of th~ ~E ye~ar !n~_v~. '..~_~ n,e?__m~nlUfaar~ 4. Propefly owners whose Statement of Benefits was approved after July 1, 1991 must submit Form CF - 1 annually to show compliance with the Statement of Benefits. (IC6-1.1-1£.1-5.6) Name of taxpayer P.G.P., Inc., d/b/a Voss Address of taxpayer (s~eet and number, dty, state and ZIP Loop Road, Clark Maritime Centre, Jeffersonville, IN 47130 Name of contact person Telephone number' Paul Micb~] Voss, President (313 ) 291-7500 Name of designating bbey Resolution number Jeffersonville City Council 92-R-~/ Location of ~roparty Count~ . Taxing diSt~ct ~k Mar~t~m~ Centre, Jeffersonville, IN Clark Jeffersonville 9/24/92 ~ of real ~opert¥ improvemems ~ / or new manufacturing equipment to be acquired (use add'~onal ~,ee~ # neceseary) 21.775 acres of real estate upon which, in Phase I, a building and storage area will be constructed and hot roll steal equipment will be installed Estimated complation date 1/93 Ce~ a.~so~ Value Colt Assessed Value Cu~e~ v~ues --- --- taus es~mam~ ~lt,~ ~ ~ ~j~ 4,266,000 7,734,000 ~ v~ of ~y ~ ~i~ r~ --- --- ~ ~ ~u~ u~n ~te~n ~ ~j~ 4,266,000 7,734,000 President / F/92 We have reviewed our prior actions re ating to the designation of this economic revitalization area and find tha~he general standards adopted in the resolution previously approved by this body. Said resolution, passed under lC 6-1.1-12.1.2.5, pro- rides for the following limitations as authorized under lC 6-1.1-12.1-2. A. The designated area has been limited ~o a period of time not to exceed 1 0 calendar years * (see below). The date this designatiOn expires is 8/2002 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; [] Yes [] No 3. Residentially distressed areas E~ Yes [~ No C. The amount of deduction apPliCable for new manufacturing equipment installed and first claimed eligible for deduction after July 1, 1987, is limited t° $ __L cost with an assessed value of $ --- D. The amount of deduction applicable to redevelopment or rehabilitation in an area designated after September 1, 1988 is 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 eligible for deduction after July 1, 1991is allowed for: i-i 5 years [] 10 years AI.~~/-we have revie, we.d the information contained in the statement of benefits and find that the estim · . abl ~.a~ have dete~i'~r~ that the totality of benefits is sufficient to justify the deduction clescribed a~toevSe.and expectations are reason F ~naturea~.~t~f~orizedm~,~b~-~) Telephone number Datesigned(rnonth,~ay, year) / / I Desi,3nale~ body o Perc~ge 25% 10th