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Home My WebLink About2026-R-8 Resolution Amending 2024-R-10 Approving Statement of Benefits for Proposed Real & Personal Property Tax Abatement BEFORE THE COMMON COUNCIL FOR THE CITY OF JEFFERSONVILLE, INDIANA RESOLUTION NO. 2026-R-CI RESOLUTION AMENDING RESOLUTION NO. 2024-R-10 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, on August 5, 2024 the Common Council of the City of Jeffersonville adopted Resolution No. 2024-R-10 entitled"A Resolution Approving Statement of Benefits for Proposed Real and Personal Property Tax Abatement"; and WHEREAS, it has been determined that Resolution No. 2024-R-10 incorrectly stated the amount of both real and personal property investments for the proposed tax abatement; and WHEREAS,the submitted Statement of Benefits attached to Resolution No. 2024-R-10 correctly stated the amount of both real and personal property investments; and WHEREAS, the Common Council of the City of Jeffersonville desires to amend Resolution No. 2024-R-10 to include the correct amount of both real and personal property investments; and IT IS HEREBY RESOLVED by the Common Council of the City of Jeffersonville that Resolution No. 2024-R-10 is hereby amended to state that the estimate value of the qualifying personal property investment of$58,100,000.00 is reasonable for projects of the nature described in the Statement of Benefits submitted by the company. IT IS HEREBY RESOLVED by the Common Council of the City of Jeffersonville that Resolution No. 2024-R-10 is hereby amended to state that the estimate value of qualifying real estate investment of$19,800,000.00 is reasonable for projects of the nature described in the Statement of Benefits submitted by the company. IT IS FURTHER RESOLVED by the Common Council of the City of Jeffersonville that Resolution No. 2024-R-10 is hereby amended to state that the taxes lessened from the granting of this abatement shall be for investments in personal property up to the value of $58,100,000.00. IT IS HEREBY RESOLVED by the Common Council of the City of Jeffersonville that Resolution No. 2024-R-10 is hereby amended to state that the taxes lessened from the granting of this abatement shall be for investments in real property up to the value of$19,800,000.00. IT IS HEREBY RESOLVED by the Common Council of the City of Jeffersonville that all other provisions of Resolution No. 2024-R-10, including attachments, not in direct conflict with the aforementioned shall remain. This Resolution shall be in full force and effect from and after its passage and approval. Passed this I sfday of June, 2026. [signature page to follow] VOTED FO VOTED AGAINST: kky\ Passed and adopted by the Common Council of the City of Jeffersonville, Clark County, Indiana on this I day of June, 2026. /1/, Donna Reed, Council President Attest: Lisa Gill, Clerk Presented by me as Clerk to the Mayor of said City of Jeffersonville this 0/ day of June, 2026. 'Y" '"t" /1 isa G' 1, Clerk This Resolution approved and signed by me this y day of J ne 2 6. ike Moore, ayor I This Resolution vetoed by me this day June, 2026. Mike Moore, Mayor 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 or 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 he 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. 1 1. 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: wit a Li"pa ii- D „• nigle Passed and adopted by the Common Council of the City of Jeffersonville, Clark County, Indiana on this 5 day of August, 2024. DE,&- cm Dustin White, Council President Attest: L742-11"- 41-1- Lisa Gik Presented by me as Clerk to the Mayor of said City of Jeffersonville this day of August, 2024. Lisa Gill, Clerk This Resolution approved and signed by me this 0 day of A : 2024. IA6..wAt trt -- 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 Ind iana. 4, In addition,if the applicant is not the company, authorization of the application must be obtained from the company. TAX ABATEMENT 4AICATION SCORE SREV at�.1 Applicant Name: J, Michael Mullis A r . ` ` ,Da e: 0 27t24 Company: J.M. Mullis, Inc. Street Address: yndale Drive, Suite 101 Cit ,State,ZIP: ►,- .i i N 38125_ ,, P • e: _ 9_Q1-753_0373 _ OW , mmullls@immuilis.com Company Name: (different from applicant): voestaipine RFC LLC Street Address: 1070 @rooks Industrial Road City,State,ZIP: shelbacyllie,KY 40065 --- Website: _ _hitps://wwww.oestatpine rnm/group/en/ Street Address of Project Location: 1205 N.Access Drive City State,Zip: Jeffersonville,IN 47130 - — Rroject pescription: 1 New Business Unit for the-pLoductIon of strengthertediheat trea ruck frame rails utilizing the newest most advanced technology for several globally recognized customers. Effective as of 10-26.15 Page i of 8 c Q it$0jn6440 14 Ifmerekaone sgnarlo applies,use o etia k ,; POINTS Personal Property Improvements _-_ 2 Real Property Improvements 4 Personal Property and Real Property Improvements 6 SCORE 6 ACTIVITY DIETAIL 12.8 paints posslblel If:morethan one scenario applles,roe'only the Acenorio with the highest point value . - POINTS i Existing Facility—new office addition 6 fExisting 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 r 16 New Research&Development Facility 18 SCORE 14 EXISTING VACANT STRUCTURE::(15 points.possible) ,Will this project reactivate a facility thpt,h-gS been vacant for at least 12 mon_ths?, _-` , POINTS Location will NOT reactivate a vacant facility 0 Location WILL reactivate a vacant facility 15 SCORE 0 PROJECT CAPITAL INVESTMENT {25 points,possible) What is the capital :investment for this project? Use only the applicable scenario with the highest point :;value• POINTS $1 million—$4,999,999 10 ----------- --$5 million—$9,999,999 15 $10 million—$19,999,999 20 $20 million or more 25 SCORE l 25 Page 2 of 8 _ — Effective as of 10-26-15 : B RETENTIQN (1 F ip s lei i' 0 many full time positionswill be retained as a. ire It of this.project" ,ilig:only th 'app lcgble sceparro:with.the highest point value, POINTS 1-9 retained jobs _ .-- 2 10-19 retained Jobs 4 20-29 retained Jobs 6 30-49 retained Jobs 8 50-99 retained Jobs 10 100-249 retained Jobs J 14 250-499 retained Jobs 16 500 or more retained Jobs 18 SCORE 10 {EW JQI3 CREATION: '(1$points possible). How many net new full-time positions will be crested ' s this project? Use`only the applicable scenario with the highest xia result of point`value:. POINTS 1-9 new Jobs _ 2 10-19 new jobs 4 20-29 new jobs 6 30-49 new Jobs 8 50-99 new jobs 10 100--249 new Jobs 14 250-499 new Jobs 16 500 or more new jobs 18 SCORE 1 14 AVERAGE WAGE: (1$paints possible) `Utilizing the average wage of all full time pgsltlons for this project and using the current state minimum wage as a.benchmark, how does the average wage of this project compare to the current minimum wage? Use'onl y ' the applicable scenario with the highest point value., POINTS Less than 3 times current minimum wage 0 3 times current minimum wage 10 3.5 times current minimum wage 12 4 times current minimum wage 14 4.5 times current minimum wage 16 5 times current minimum wage(or higher) 18 SCORE 14 — -Page 3 of 8 Effective as of 10-26-15 � � � ^ ' P Me POINTS Location will NOT provide employer-sponsored health and 0 wellness benefits at this location Location WILL provide employer-sponsored heabh and 5 wellness benefits at this location °~~'`^ | S _ �"��;!/ ��!{� ( /�J�y� � ^'` �+"�y--,' ' ' ' POINTS | 8 through �m��xN| ��pm��p�ce�e wellness th m employee participation |n exercise and healthy living u � programs Corn ponV WILL promote workplace wellness through � employee participation\n exercise and healthy living S pro.g,ama SCORE 5 I the POINTS company will NOT provide an employer-sponsored 0 retirement plan at this location ------------ Company WILL provide _ an employer-sponsored | 5 \ retirement plan otth� �c��n � SCORE S ' ' -tqde of your ' ' ' ^ total TS Igh 21 30%or higher SCORE D - — '-- _ __. ------- -------- Effective usof1uab-1s Page 4of8 _ 0)4 tsY ,0:1 ,( Elbl r fik,4 0** a diversity and Iliahi[dn policy in eef of a th s P4 loiZw i�# • ';t:7� ~.4� `..ice ��— ' POINTS willNOT have a diversity and inclusion policy at Company 0 this location Company WILL have a diversity and inclusion policy at this 7 location SCORE 7 .GIgB1,)I= BCHN04I:SV (7 points posslbl0) Will the,tgmp4ny utilize greeiftechn0l, gy,at Please provide a description of all green technologies to be utilized at this location here: We are considering utilizing a variety of green technologies includi g solar panels and POINTS Company will NOT utilize green technology at this 0 location Company WILL utilize green technology at this location I 7 SCORE i 7 GREENINITIATIVES AND'SOSTAINABILITY•ACTIVITIES <(7 points-ppsstble). Will the corvpwlyimplement programs designed to support sustainabillty through employee ride 4.7014,Aublie trafl.Spo(tgtlora dining;optional:ar Other,lnitlatives?• • 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 CMG d shboard and work to 1""improve not only Laz, cut.all carbon taotprint. vielictimrsecen .newed this gem nt through 2025, 0 Location willl NOT implement green Initiative programs _ Location WILL utilize green Initiative programs 7 SCORE 7 y --Page 5 of 8 Effective as of 10-26-15 4 1. `IAA, j si o,y,p iyI;;(S posits possible) 'The City of Jeffersonville will look a nt. t. f i 1.' cff yt►P01i-4- --Itt i vki ii 'iii:i iii-n' The cl6y will consider past l,1 y -€t " 4 n:ex1s ing company or proposed community, alnl� 1n�nt n�`a neeveompc�ny >romri'i/nity involvement iri6y include projects associated �= �y�3i he city,schools;-local non profit organizatlons. senior citlzens;'disadvantpged. nddividuafs or groups,day cares, etc. Community involvement most be documented and Ippplicable documents attached to this Score Sheet. 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-proflt organizations,senior 5 citizens, disadvantaged individuals or groups, day cares, I — etc. — SCORE l 5 TOTAL SCORE: Please add all above scores together arid provide the total below TOTAL OF ALL ABOVE SCORES I 132 SIGNATURES ^Signsture of Applicant: I. 07407 "Oak. Date: 06/27/24 Print Name: J. Michael Mullis _ ---- Signature of Company ��, , Representative: ' Date: 7/1/2 4 (if different from applicant): � ._ _ Print Name: Brad La'ey — — -- — Effective as of 30 26-15 Page 6 of 8 GUI¢ELINE FOR REAL PROPERTY TAX ABATEMENT TOTAL SCORE Abatement Year Abatement Percentage 1-g 444.0TN "1 ,1:, — — — 100% - -- - 10_19 1 100% 2 75% - x 20-29 1 100% —_ 2 75% -----3 25% 30-39 1 100% 2 90% 3 75% 1 60% 40-49 1 _ 100% 2 90% -4 3 75% 4 60% 5 45% 50-59 1 100% - — 2 90% 3 75% —_—__-_ - 4 60% 5 45% 6 35% 60 69 1 100% 2 90% 3 _ 75% 4 60% 5 45% — 6 35% — - - — 7 25% r 70-79 1 100% - - 2 90% 3 7S% 4 60% 5 45% 6 _ 35% 7 25% 8 15% 80-89 1 _-- 100% 2 90% 75% _ 4 60% 5 45% 6 35% 7 25% 8 15% 9 10% Page 7 of 8 Effective as of 10-26-15 90—99 1 100% 2 90% 3 75% 4 60% 5 45% 6 35% 7 25% 8 15% 9 10% 10 5% • -4:-. 100+ 1 100% 2 95% 3 80% 4 65% 5 50% 6 40% 7 30% 8 20% 9 10% 10 5% GUIDELINE FOR PERSONAL PROPERTY TAX ABATEMENT TOTAL SCORE Abatement Year Abatement Percentage 1—39 1 100% 40—59 1 100% 2 50% 60—79 1 100% 2 50% 3 40% _ BO—90 1 100% 2 50% 3 40% 4 20% 90+ 1 100% 2 80% 3 40% 4 20% 5 10% Page II of 8 Effect?ve as of 10-26-15