HomeMy WebLinkAbout2026-R-6 Resolution Approving Statement of Benefits for Proposed Real Property Tax Abatement (Outrigger) •
BEFORE THE COMMON COUNCIL •
FOR THE CITY OF JEFFERSONVILLE, INDIANA
RESOLUTION NO. 2026-R- 6
RESOLUTION APPROVING STATEMENT OF BENEFITS FOR
PROPOSED REAL PROPERTY TAX ABATEMENT
WHEREAS, OUTRIGGER INDUSTRIAL, LLC petitioned the Common Council of
the City of Jeffersonville, Indiana, for a deduction in real property taxes to be assessed on real
property to be generally located at Port Road and Centennial Boulevard, in the City of
Jeffersonville, Clark County, Indiana; and
WHEREAS, OUTRIGGER INDUSTRIAL, LLC has submitted Statements of
Benefits on the forms prescribed by the Indiana State Board of Tax Commissioners for real
property, which statement includes a description of the proposed development as a multi-
building industrial campus that will cater to light assembly, advanced manufacturing and
distribution tenants, an estimate of the cost of real property improvements, and an estimated start
and completion date of the improvement; and
WHEREAS, OUTRIGGER INDUSTRIAL, LLC intends to construct three (3)
buildings, the first of which will be approximately 316,200 square feet with an estimated start
date by October 1, 2026, the second building will be approximately 136,500 square feet with an
estimated start date by October 1, 2026, and the third building will be approximately 108,360
square feet with an estimated start date by October 1, 2028. The buildings will be designed to be
split into smaller suites for tenants who need anywhere from 30,000 to the total amount of square
footage; 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
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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 property
contingent upon compliance with terms set forth in the attached"Development Agreement"; and
WHEREAS,the Common Council of the City of Jeffersonville has reviewed the
Statements of Benefits and its attachment "A" submitted herein, and attaches and incorporates
the Statements of Benefits submitted herein, and attaches and incorporates the attachment"A"
including the "Development Agreement" to this Resolution.
BE IT FURTHER RESOLVED, that the Common Council of the City of
Jeffersonville, Indiana, hereby approves the applications for deduction presented by the
Statements of Benefits filed by OUTRIGGER INDUSTRIAL, LLC, and that said company
shall be entitled to deduction 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. Approval is
contingent upon compliance with the terms set forth in the attached "Development
Agreement" which is hereby approved.
This Resolution shall be in full force and effect from and after its passage and
approval. Passed this y day of May,2026.
NOW, THEREFORE, BE IT RESOLVED,by the Common Council of the City of
Jeffersonville, Indiana, that it specifically and affirmatively finds as follows:
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1. That the estimate value of qualifying real estate investment of Building 1 is
$32,955,601.00 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 Building 2 is
$16,404,826.00 is reasonable for projects of the nature described in the Statement of
Benefits submitted by the company.
3. That the estimate value of qualifying real estate investment of Building 3 is
$13,058,572.00 is reasonable for projects of the nature described in the Statement of
Benefits submitted by the company.
4. That the effective "start date" of the deduction period for Building 1 will begin on or
before December 31, 2027, following approval from the Redevelopment
Commission of the City of Jeffersonville.
5. That the effective "start date" of the deduction period for Building 2 will begin on or
before December 31, 2027, following approval from the Redevelopment
Commission of the City of Jeffersonville.
6. That the effective "start date" of the deduction period for Building 3 will begin on or
before December 31, 2029, following approval from the Redevelopment
Commission of the City of Jeffersonville.
7. That the taxes lessened from the granting of this abatement shall be for investments in
real property up to the estimated value of$62,418,999.00.
8. That all other information requested from OUTRIGGER INDUSTRIAL, LLC has
been submitted, and the benefits described in such information can be reasonably
expected to result from the proposed described construction and investment.
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9. That the totality of benefits for said construction and investment is sufficient to justify
the deduction.
10. That OUTRIGGER INDUSTRIAL, 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]
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VOTED FOR: VOTED AGAINST:
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Passed and adopted by the Common Council of the City of Jeffersonville, Clark County,
Indiana on this V day of May, 2026.
Donna Reed, Council President
Attest:
Lisa Gill, Clerk
Presented by me as Clerk to the Mayor of said City of Jeffersonville this e-t° day of
May, 2026.
.a Gill, Clerk
This Resolution approved and signed by me this 7 day o . , 2026.
Mike Moore, ayor
This Resolution vetoed by me this day of May, 2026.
Mike Moore, Mayor
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Abatement Schedule Exhibit
Real Property
Year Abatement Percentage
1 50% exempt
2 50% exempt
3 50% exempt
4 50% exempt
5 50% exempt
6 50% exempt
7 50% exempt
8 50% exempt
9 50% exempt
10 50% exempt
11 First year of full property tax payment
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ATTACHMENT TO THE STATEMENT OF BENEFITS
FOR OUTRIGGER INDUSTRIAL, LLC
May ti , 2026
The Council will grant a 10-year abatement on $32,955,601.00 in real property as allowed by
state statute.
The Company will provide jobs and salaries as specified in the SB-1 and any attachment thereto.
It is the expectation of the Council that the company will reach the number of employees and
average wages specified on the SB-1 within five years. The Company understands this abatement
is being offered based upon those jobs and wages. If the company fails to substantially reach
those numbers or fails to maintain those numbers over the life of the abatement, the Council
may, as provided by law, rescind this abatement. The Company agrees to make available any and
all information the Council deems necessary to verify compliance.
The Company agrees to pay an annual fee of 10% as described in Indiana Code 6-1.1-12.1-14.
OUTRIGGER INDUSTRIAL, LC
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ATTACHMENT TO THE STATEMENT OF BENEFITS
FOR OUTRIGGER INDUSTRIAL, LLC
May L( , 2026
The Council will grant a 10-year abatement on$16,404,826.00 in real property as allowed by
state statute.
The Company will provide jobs and salaries as specified in the SB-1 and any attachment thereto.
It is the expectation of the Council that the company will reach the number of employees and
average wages specified on the SB-1 within five years. The Company understands this abatement
is being offered based upon those jobs and wages. If the company fails to substantially reach
those numbers or fails to maintain those numbers over the life of the abatement, the Council
may, as provided by law, rescind this abatement. The Company agrees to make available any and
all information the Council deems necessary to verify compliance.
The Company agrees to pay an annual fee of 10% as described in Indiana Code 6-1.1-12.1-14.
OUTRIGGER INDUSTRIAL, LLC
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ATTACHMENT TO THE STATEMENT OF BENEFITS
FOR OUTRIGGER INDUSTRIAL, LLC
May , 2026
The Council will grant a 10-year abatement on$13,058,572.00 in real property as allowed by
state statute.
The Company will provide jobs and salaries as specified in the SB-1 and any attachment thereto.
It is the expectation of the Council that the company will reach the number of employees and
average wages specified on the SB-1 within five years. The Company understands this abatement
is being offered based upon those jobs and wages. If the company fails to substantially reach
those numbers or fails to maintain those numbers over the life of the abatement,the Council
may, as provided by law, rescind this abatement. The Company agrees to make available any and
all information the Council deems necessary to verify compliance.
The Company agrees to pay an annual fee of 10% as described in Indiana Code 6-1.1-12.1-14.
OUTRIGGER INDUSTRIAL, LLC
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