HomeMy WebLinkAbout1991-R-14 RESOLUTION NO. 91-R- /~
RESOLUTION APPROVING STATEMENT OF BENEFITS FOR
PURPOSES OF REAL PROPERTY TAX ABATEMENT
WHEREAS, Bestway Trucking Inc. has petitioned the Common
Council of the City of Jeffersonville, Indiana, for processing
a tax abatement for both additional office and warehouse space
and for new manufacturing equipment; and,
WHEREAS, Bestway Trucking Inc. has submitted a Statement
of Benefits on the form prescribed by the Indiana State Board
of Tax Commissioners for such purpose; and,
WHEREAS, the Common Council of the City of Jeffersonville,
Indiana, has previously determined that the Jeffersonville
Research and Industrial Park in which Bestwa¥ Trucking Inc. is
located qualifies as an economic revitalization area pursuant
to Indiana Code 6-1.1-12.1 et seq.
THEREFORE, BE IT RESOLVED by the Common Council of
of Jeffersonville that it specifically finds as
NOW,
the City
follows:
1.
That the
or rehabilitation
nature described
estimate of the value of the redevelopment
is reasonable for projects of the
in the Statement of Benefits
submitted by the developer.
That the estimate of the number of individuals who
will be employed or whose employment will be retained
can reasonably be expected to
proposed described redevelopment or
That the estimate of the annual
result from the
rehabilitation.
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 the
developer 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, Indiana, hereby approves the application
for deduction presented by the Statement of Benefits filed by
Bestway Trucking Inc. and that said developer shall be entitled
to the following deductions:
A. For new computer equipment as scheduled in the
Statement of Benefits and utilized in the
manufacturing process a deduction in accordance with
Indiana law shall be allowed for a period of five 5)
years commencing with the filing and perfection
thereof in the Clark County Auditor's office.
B. For improvements to real property as scheduled in the
Statement of Benefits a deduction in accordance with
Indiana law for a period of ten (10) years commencing
Clark
with the filing and perfection thereof in the
County Auditor's office.
Passed and adopted
1991, by the Common
Clark County, Indiana.
this
day of ~.
council of the City of Jeffersonville,
ATTEST:
C. RICHARD SPENCER, .
CLERK-TREASURER
Presented by me as
City of Jeffersonville,
/~, , 1991.
/JAMES L. CARTER
PRESIDENT, COMMON COUNCIL
Clerk-Treasurer to the Mayor of the
Indiana, this ~ day of
CLERK-TREASURER~
Approved and signed
by me this ~-~day of
MAYOR DALE L. OREM