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Home My WebLink About2024-R-10 Resolution Approving Statement of Benefits for Proposed Real and Personal Property Tax Abatement (RFC,LLC) BEFORE THE COMMON COUNCIL FOR THE CITY OF JEFFERSONVILLE, INDIANA RESOLUTION NO. 2024-R-/b RESOLUTION APPROVING STATEMENT OF BENEFITS FOR PROPOSED REAL AND PERSONAL PROPERTY TAX ABATEMENT WHEREAS, RFC, LLC petitioned the Common Council of the City of Jeffersonville, Indiana, for a deduction in real and personal property taxes to be assessed on equipment and real property to be generally located at 1205 North Access Road, in the City of Jeffersonville, Clark County, Indiana; and WHEREAS, RFC, LLC has submitted a Statement of Benefits on the form prescribed by the Indiana State Board of Tax Commissioners for real property and personal property, which statement includes a description of the proposed construction and investment, an estimate of the number of individuals who will be retained as a result of the construction and investment, an estimate of the salaries of these individuals, an estimate of the number of individuals who will be employed as a result of the equipment and real property investment, an estimate of the annual salaries of these individuals, and an estimate of the value of the construction; and WHEREAS,the Common Council of the City of Jeffersonville has previously determined that the area in which the proposed construction project is located in the City of Jeffersonville qualifies as an economic revitalization area pursuant to Indiana Code 6-1.1-12.1-5, et seq.; and WHEREAS, the Redevelopment Commission of the City of Jeffersonville has made a favorable recommendation for approval of the Statement of Benefits for real and personal property; and WHEREAS, the Common Council of the City of Jeffersonville has reviewed the Statement of Benefits and its attachment "A" submitted herein, and attaches and incorporates the Statement of Benefits submitted herein, and attaches and incorporates the attachment"A" to this Resolution. 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 RFC, LLC, and that said company shall be entitled to deduction for a period of SIX (6) years for investments to personal property and for a period of TEN (10) years for improvements to real property pursuant to provisions of I.C. 6-1.1-12.1-3(d), with the timely filing and perfection thereof with the Clark County Auditor's and Clark County Assessor's office. This Resolution shall be in full force and effect from and after its passage and approval. Passed this 5 day of August, 2024. 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 value of the qualifying personal property investment of$257,900.00 is reasonable for projects of the nature described in the Statement of Benefits submitted by the company. 2. That the estimate value of qualifying real estate investment of$8,100,000.00 is reasonable for projects of the nature described in the Statement of Benefits submitted by the company. 3. That the effective"start date"of the deduction period will begin on , following approval from the Redevelopment Commission of the City of Jeffersonville. 4. That the abatement schedule is justified and prescribed by the Tax Abatement Score Sheet attached as "Exhibit A" to Ordinance No. 2015-OR-56. 5. That the estimate of the number of 110 new individuals to be employed at the project site can reasonably be expected to result from the proposed described construction and investment. 6. That the estimate of the annual salaries of the 110 new individuals who will be employed at the project site can reasonably be expected to result from the proposed described construction and investment. 7. That the taxes lessened from the granting of this abatement shall be for investments in personal property up to the value of$257,900.00. 8. That the taxes lessened from the granting of this abatement shall be for investments in real property up to the value of$8,100,000.00. 9. That all other information requested from RFC, LLC has been submitted, and the benefits described in such information can be reasonably expected to result from the proposed described construction and investment. 10. That the totality of benefits for said construction and investment is sufficient to justify the deduction. 11. That RFC, LLC has agreed to the payment of a fee of 10% of the annual benefit of the abatement of the Jeffersonville City Council annually as described in I.C. 6-1.1- 12.1-14. [signature page to follow] VOTED FO ' : VOTED AGAINST: �/ I... L.i di/ A je/mIONMI....-4.. 4111111"/-di D -= c--ttpue Passed and adopted by the Common Council of the City of Jeffersonville, Clark County, Indiana on this 3 day of August, 2024. ,D,L. P7 & Dustin White, Council President Attest: Lisa Gill, l erk Presented by me as Clerk to the Mayor of said City of Jeffersonville this(i day of August, 2024. .--c):'/'-' -Aal Lisa Gill, Clerk This Resolution approved and signed by me this 0 day of A st 2024. ike Moore, ayor This Resolution vetoed by me this day of August, 2024. Mike Moore, Mayor Abatement Schedule Exhibit Real Property Year Abatement Percentage 1 100% exempt 2 95% exempt 3 80% exempt 4 65% exempt 5 50% exempt 6 40% exempt 7 30% exempt 8 20% exempt 9 10% exempt 10 5% exempt 11 First year of full property tax payment Personal Property Year Abatement Percentage 1 100% exempt 2 75% exempt 3 40% exempt 4 20% exempt 5 10% exempt 6 0% exempt "EXHIBIT A" GUIDELINES FOR CONSIDERATION OF PROPERTY TAX ABATEMENT JEFFERSONVILLE, INDIANA Projects will be considered for abatement only if: 1. The company/project meets all of the criteria set forth under I.C.6-1.1 1-12.1 et seq in the form of deductions from assessed valuation. 2, The proposed new Investment includes at least$1 million of real property and/or personal property that qualifies for tax abatement. 3. Construction has not begun and/or equipment has not been ordered or the equipment will be new to the State of Indiana. 4, In addition, If the applicant is not the company, authorization of the application must be obtained from the company. TAX ABATEMENktT,A#,PEICATION SCORE SHAT ApOkant dams:. J. Michael Mullis _ Aq leg` " .Date: 06/27/24 eti* rir J.M. Mullis, Inc, Street 1idress 3753 Tyndale Drlve,_SuIte 101 Cltyalte; IP: Memphis,TN 38125 ptt!ek 901-753-0373 1 . . ,4_ mmullis@jmmullis.com 010 lamei W?Jtj eren from applicant): voestalpine RFC LLC Street Address: 1070 Brooks Industrial Road 2 ty,,.State,ZIP: Shelbyville,KY 40065 Website: .. . https ,/www.vnestalpine.rnm/grnup/Pn/ Street Address of Project Lcation 1205 N.Access Drive Guys State,ZIP: Jeffersonville, IN 47130 Projlect Description: ( New Business Unit for the production of strengthened, heat treated truck frame rails utilizing the newest most advanced technology for several globally recognized customers. Page 1 of 8 Effective as of 10-26-15 4fkOft00 0$1tiO OP.1.5ts p:0 1e 4 ifs#,O11 t►oh+ 0.11 rl c,0001 eon! j tp N4 tk i �f"h.�'at .`a L `" t a ?�' j f �i�°i.0 r'M, �S >r a Tg 4 /(�"••�pp c/Q'y//r/�}y��1(yn p 1/y)/pca /�/jIf♦{,/�jy�p - y E 4{ a � 1 ! J 4 .i6 \ U' � 4 :� r,`-.:NYSi/gr1o.Stith th1.'ri •Ll^'h.L�t po.1.114..('g1q 51.-....v.l .a...r.' ,t;}3..;f�al4 N.. i....44'. u'' M K.*.t.y:�rt :l.r.a.': POINTS Personal Property Improvements 2 Real Property Improvements 4 Personal Property and Real Property Improvements 6 SCORE 6 ° RO �4 :00 j:Y+ z(,�pt00rn�r,vs.�"'' 4 'l1/41 ac � tiosz POINTS Existing Facility—new office addition 6 Existing Facility—expanding or upgrading existing product 8 line Existing Facility—adding new product line 10 Existing Facility—addition of manufacturing and 12 warehousing space New Industrial(manufacturing),Warehousing or Logistics 14 Facility New Corporate Regional Office or Headquarters Building 16 New Research&Development Facility 18 SCORE 14 "44044 ��(T* MPT t 1 :pQir� .s Zossrb O W111 this proJfct reogiTt .,,, _,th4 :h °been ti�+� n. forrt �#22rrronr�s.. • POINTS Location will NOT reactivate a vacant facility 0_ Location WiLL reactivate a vacant facility 15 SCORE 0 p 4 ?4C 1p, 4: 0/ AINT: (25=pr ints possible) What . f is th tr i rl pit 1 �` its � :1 11, prokectathe applicablescenario with Use only aria the highest point•`i„kk. } POINTS $1 million—$4,999,999 10 $5 million—$9,999,999 15 $10 million—$19,999,999 20 $20 million or more 25 SCORE 25 Page 2 of 8 Effective as of 10-26-15 POINTS 1-9 retained jobs 2 1O-19 retained jobs 4 2O-29 retained jobs b _ 30-49 retained Jobs 8 SO-99 retained jobs 10 18O-248 retained Jobs 14 . 250-409 retained jobs . 16 5UOor more retained jobs 18 _ SCORE 10 POINTS I-9 new jobs Z 1O-19 new jobs 4 2U-28 new jobs 6 3O-49 new Jobs 8 SO—g9 new jobs _ 10 10O-249 new Jobs 14_ %SO-4QQ new jobs 16__ 5O8nr more new jobs 18 _ SCORE 14 MU tC 't Is project and yo, le scenario With POINTS ' -- Less than 3 times current minimum wage U 3 times current minimum wage 10 3.S times current minimum wage 12 4dmos current minimum wage 14 4.5t|mex current minimum wage 16 S times current minimum wage (or hbher) 18 SCORE 14 Page 3 of sff,wc|wa as of 10-26'15 r1�.�((.� ; R:g4,Q..O� 5 L'T -.N9 .. u ys: yC.N In.- ' � �tst -Q0....4�J� �,�V��1t%.4 ?;R"."'y.� r_.`t` i r:s�V.�7��a .y��r � :- t` "'`•.F�F a:i;&,�.�, ''� ��i:. 3-)"'y •/J1� ri;;-s:�L•,t�.:a \.} � �N ,\}�,. �J� Q �, � F� '� 7•�I';.:�h, J'}..,. C. iPa \1 P b•.. •�•�4 ',.�ly.•'"''e�,'• POINTS Location will NOT provide employer-sponsored health and 0 wellness benefits at this location . Location WILL provide employer-sponsored health and 5 wellness benefits at this location SCORE 5 a fAl ti r �- e .` -�, a 1 ftti�a,y�`t Yti4`2,.-� L,�`t,. >, a�' #0"6: ��4133 ax�"i x':. /y y �.^c' \ -4-.t �.:4, Ywff T :�.vt.,4\fi �l�i \4 �l§t 3+'r�`�t£ }1 �' �.ti•--A ' Jr >t�c� A` !t Y- i J"4-1 2). .., n.. t b 1 ^`..L ii ai l f 'r g � ��a�•�_,y to+-.m;�:'a,.�3��:t,4 Yl:ifi'=a.:� ..�.. •�:`a.._ ".�. .�.,...�`�x.: .:,� .._ . POINTS Company will NOT promote workplace wellness through employee participation in exercise and healthy living 0 programs Company WILL promote workplace wellness through employee participation in exercise and healthy living 5 programs SCORE 5 p gr : = po , �1I a n dnw, 1 4aua ,k ra em, r . POINTS Company will NOT provide an employer-sponsored 0 retirement plan at this location Company WILL provide an employer-sponsored 5 retirement plan at this location SCORE 5° YF414•e16.7.PACI A g :;$,p��(11g111l �4 ,....` .4-: . s�•7�„,f,.`� i.`,' p�Q �-.--,,q}� 4 k xt.t '•. a��itr �c. �,� s'Y a1. � y v, f a �.0 Y s � .x�`rt��jj..��.+ae��3y„a.<< x, � a.� �yft , � �l \4i M s� NC xJ"d'42 G.�� Jf� `G >eyi`a r-v�� }yt rs'.S- c>.�,y.�Y Vff}ru.Q/u�ii,..lit.,._ '�.,•��.: �4r.��;a -?Cr�,tis5F1.;,'�... _..t x'�'�-s u.1L,:d•-:i`�' POINTS 0% 0 1-10% 2 11-15% 4 16-20% 6 21-30%or higher 8 SCORE 8 Page 4 of 8 Effective as of 10-26-15 ..v..--�• .•1':l' ,;L*3 It" _ •':try �_ .�r.,4':, a... 'M1a '£ik""'r':�wr.a+i��..y.._.1..;� _ .,,� a;t l ,,JJSy?y� �7. f°•An ^J .3 �L� * 3a,.•v'i t} tii$r_h� 145.�i y"�F� the � ,,,{" ��3.,:.: gtiNtthllir C�QtlDk7.6�1 g�,`597 5 :ice..+�.'pL.=JvUc u�xtS._a. !'t'.. .+-'a-,'-'v.>.3M'.'..^ 's.i- _i.x.a.Z.3'ei4' POINTS Company will NOT have a diversity and inclusion policy at 0 ' this location Company WILL have a diversity and inclusion policy at this 7 location SCORE 7 ,,t :,t.•,e•-,,t,z:• _ �a',#i'tS� 'r�, 'il�:w ;a«��::1_:::tsc..� c:.pSY_ ':o'Sc-"=�'# �J�•='si�r'�';i'r: 4tu. 0.0.42. ►_ 9 ..� e,.,,,,„( �,4'.,. �. xe5 `„5 �}"„-qa a .: ' � : i j sir 1i,'e��i`; ..._. Please provide a description of ail green technologies to be utilized at this location here: We are considering utilizing a variety of green technologies including solar panels and lieu lighting to name a few, POINTS Company will NOT utilize green technology at this 0 location Company WILL utilize green technology at this location 7 SCORE 7 t0✓`' ,.Y 9 pyF x fir. sr >,-, q.�y�• at Y c+� ti £ ttpr !g%P ibllc ptls pr.e tiaf >'i ; c carrrp s dltihb. Rtb? s�at�ills Ifflt7 2s ._. .4 i '• Please provide a description of all green Initiative programs to be utilized at this location here: Since 2021, RFC has partnered with a 3rd party to establish a GHG dashboard and work to improve not only l:0z, out all tarpon footprint. we rom ecently renewed this ar angom nt tprough 2025, Location will NOT implement green initiative programs 0 Location WILL utilize green Initiative programs 7 SCORE 7 Page 5 of 8 Effective as of 10-26-15 t':j:: -c :lki jiV i j(A pas: itr i t r4 Ii�* i K 4 00040, no 4b p v ha #y A) pa 0 -! o �crm.• 0 Vmti 4 i A ' . p � c k u't0 inv m pfa nmpgn �uyi e `includerje ,rscf at , n ctys v1th n-pf n ! ! 9 len �s 0 ; y 1yso9�psA� 4tc Cnpn m umq e a 4�1, s • : 1 f4 d3s ±K s , F - . Y.a _. :.- F. ay>"Ah vS 'ci� ' ^ . ».e. r Please provide a narrative of community Involvement here: POINTS Location will NOT be supporting projects associated with the city,schools, local non-profit organizations,senior 0 citizens,disadvantaged individuals or groups,day cares, etc. Location WILL be supporting projects associated with the city,schools,local non-profit organizations,senior 5 citizens, disadvantaged individuals or groups,day cares, etc. SCORE 5 -+._t:�::.� y nr.A�t.4i ��i yM1-. _p;S'=:'Vap�•s.'�n.rt�.�.� :_:r'n:r j'�: •�ti' ;''s`:`�•' r.i,�. L Rl tom' S�L'l i n�4' 4d t Y ...}k .+ �i +Yi {a,.�'3 4�, k g�a4 a RW.r* a P f sa. sir: . .t 24 -aluti0401014),.41 ;��.._..+x..5u r,... ..-iGa.,,..- .-F-w:.';e'�1-,.�,.:a..-2�`^ .y x,,, .:'!tt.,i:, 4x��a:�n.-i.}�-,�`1.n...Ftd7- 2; TOTAL OF ALL ABOVE SCORES 132 SIGNATURES Signature of Applicant: i $4s4'* / ilia:- ,Date, 06/27/24 Fruit Name: J. 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