HomeMy WebLinkAbout1989-R-19 RESOLUTION NO. 89-R-~
RESOLUTION APPROVING STATEMENT OF BENEFITS FOR
PURPOSES OF REAL PROPERTY TAX ABATEMENT
WHEREAS, Kentucky Truck Sales Inc. has petitioned the
Common Council for processing a tax abatement for improvements
to be made in the jeffersonville Research and industrial Park,
and 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
has previously determined that the jeffersonville Research and
Industrial Park 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 estimate
rehabilitation is
described in the
developer.
of the value of the redevelopment and
reasonable for projects of the nature
Statement of Benefits submitted by the
That the estimate of the
employed or whose employment will be
reasonably be expected to result from
described redevelopment or rehabilitation.
That the estimate of the annual salaries
number of individuals who will be
retained can
the proposed
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 by 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 hereby approves the application for deduction
presented by the
Sales Inc., and
deduction for a
filing
Statement of Benefits filed by Kentucky Truck
that said developer shall be entitled to a
period of ten (10) years commencing with the
and perfection thereof with the Clark county Audit°r"s
office.
Passed and adopted .this
1989, by the common council
of the City of jeffersonville'
Clark county,
Indiana.
PRESIDENT, coMMON cOUNCIL
ATTEST:
Presented by me as clerk-Treasurer to the Mayor of the
city of jeffersonville,
,1989.
Approved and signed
__~ , 1989.
Indiana, this 9 day of
~. RICHARD SPENC~, JR.
CLERK-TREASURER--
by
me this _ ~ day of