HomeMy WebLinkAbout2000-R-14RESOLUTION 2000-R-..L~
RESOLUTION APPROVING STATEMENT OF BENEFITS FOR
PURPOSES OF PROPERTY TAX ABATEMENT
WHEREAS, CHEMTRUSlON, INC. has petitioned the Common Council of the City
of Jeffersonville, Indiana, for a deduction in real property taxes to be assessed on
proposed improvements to be made on property located in the area commonly known as
the Clark Maritime Centre, in the City of Jeffersonville, Clark County, Indiana; and
WHEREAS, CHEMTRUSlON, INC. has submitted an application which includes the
Statement of Benefits on the form prescribed by the Indiana State Board of Tax
Commissioners for such purpose, which application and statement include a description of
the proposed redevelopment, an estimate of the number of individuals who will be
employed as a result of the redevelopment, an estimate of the annual salaries of these
individuals, and an estimate of the value of the redevelopment, attached hereto as "Exhibit
A" and
WHEREAS, by Ordinance No. 90-OR-56, on November 7, 1990, the Common
Council of the City of Jeffersonville designated the area where the proposed
redevelopment project is located in the City of Jeffersonville as an Economic Development
Target Area pursuant to Indiana Code 6-1.1-12,1 et seq., specifically lC 6-1.1-12.1-7; and
WHEREAS, the City's Department of Redevelopment has reviewed the application
and Statement of Benefits submitted by the Applicant and has advised the Common
Council that the application has been submitted in compliance With the approved Tax
Abatement Policy of the Common Council of the City of Jeffersonville.
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 of the value of the redevelopment is reasonable for projects of
the nature described in the Statement of Benefits submitted by the Applicant.
2. That the estimate of the number of individuals who will be employed or whose
employment will be retained can reasonably be expected to result from the proposed
described redevelopment.
3. That the estimate of the annual 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.
4. That all other information requested from the Applicant has been submitted, and
the benefits described in such information can be reasonably expected to result from the
proposed described redevelopment.
.. 5. That the totality of benefits for said redevelopment is sufficient to justify the
deduction.
BE IT FURTHER RESOLVED, that the Common Council of the City of Jeffersonviile
hereby approves the application and Statement of Benefits as presented and filed by the
Applicant, and that said Applicant shall be entitled to deductions for a period of FIVE (5)
years for real property, pursuant to the provision of lC 6-1.1-12.1-3(d) and lC 6-1.1-12.1-
4(d)(3), with the timely filing and perfection thereof with the Clark County Auditor's office.
This Ordinance shall be in full force and effect from and after its passage and
approval.
Passed this ~ day of/¢'Z/C£~LL,4/~/ ,2000.
ona~ld G. Ellis, Presiding
nal ~--" ~ Officer
Common Council President
ATTEST:
P~e~g ¢,~i¢d e r
Clerk and Treasurer
Presented by me as Clerk and Treasurer to the Mayor of said City of Jeffersonville
this ~-r_dday of ~"~£~L¢~¢ 2000.
Peggy
Clerk and Treasurer
This Ordinance approved and signed by me thiS '~'f~ dayof ~¢~/ ,2000.
MAYOR