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HomeMy WebLinkAbout2000-R-24."-' Z ATTEST: Peggy ~ ' - - Clerk-Treasurer Presented by me as Clerk-Treasurer to the Mayor of said City of Jeffersonville thisfft9~// day of ,fo N~ ,2000. Peggy Wilde):'4L) Clerk-Treasurer Approved and signed by me this ,~O't~qday of ~/ff.~ ,2000. FACTUAL REPORT IN SUPPORT OF FINDINGS CONTAINED IN RESOLUTION 2000-1 OF THE JEFFERSONVlLLE REDEVELOPMENT COMMISSION The Plan for the Economic Development Area will promote significant opportunities for the gainful employment of citizens of the City of Jeffersonville ("City") by retaining and/or creating approximately 74 jobs The Plan will attract a major new business enterprise to the City as follows: The intent and purpose of the formation of the Economic Development Area is to expedite the location of a major industry to the City by enabling the City to purchase the land and/or provide other infrastructure improvements. The planning, re-planning, development and redevelopment of the Economic Development Area will benefit the public health, safety, morals and welfare; increase the economic well being of the City and the State of Indiana; and serve to protect and increase property values in the City and the State of Indiana as follows: The project will benefit the public welfare as it will provide additional opportunities for City residents to be gainfully employed; the project will increase the economic well-being of the City and State as it will generate real and personal property taxes and inventory tax; the project will serve to protect and increase property values in the City and the State as it will catalyze the sale of approximately 30 acres of previously undeveloped land in the Clark Maritime Center. The Plan for the Economic Development Area cannot be achieved by regulatory processes or by the ordinary operation of private enterprise without resort to I.C. 36-7-14 (the redevelopment statute) because of the lack of local public improvements, existence of conditions that lower the value of the land below that of nearby land, and multiple ownership of land because: The project will not locate in the Economic Development Area without significant economic incentives. The cost of the land is above the amount allowed in the project budget and the City cannot provide the necessary incentives for the project without access to increment captured in the Economic Development Area. The accomplishment of the Plan for the Economic Development Area will be of public utility and benefit as measured by: A. The attraction of an estimated seventy-four (74) permanent jobs providing significantly higher than the Clark County average compensation; B. An estimated increase in real property tax base of $2,966,167.00 of initial assessed valuation ($1,898,667.00 real estate and $1,067,500.00 depreciable personal property); and C. Improved diversity of the economic base by providing additional jobs, by catalyzing the development of infrastructure improvements in the Area, and by encouraging additional industrial development. THE ECONOMIC DEVELOPMENT PLAN FOR THE BETH-NOVA ECONOMIC DEVELOPMENT PROJECT JEFFERSONVlLLE REDEVELOPMENT COMMISSION Purpose and Introduction This document is the Economic Development Plan ("Plan") for the Beth- Nova Economic Development Project ("Project') Economic Development Area ("Economic Development Area") for the City of Jeffersonville, Indiana ("City"). It is intended to be approval by the Common Council, the Jeffersonville Plan Commission and the Jeffersonville Redevelopment Commission ("Redevelopment Commission) in conformance with lC 36-7-14. Project Objectives The purposes of the Plan are to benefit the public health, safety, morals and welfare of the citizens of the City; increase the economic well-being of the City and the State of Indiana; and serve to protect and increase property values in the City and the State of Indiana. The Plan is designed to promote significant opportunities for the gainful employment of citizens of the City, attract a major new business enterprise to the City, provide for local public imProvements in the Economic Development Area, remove conditions that lower the value of the land in the Economic Development Area below that of nearby land, attract and retain permanent jobs, increase the property tax base, and improve the diversity of the economic base of the City. The Factual Report attached to this Plan contains the supporting data for the above-declared purposes of the Plan. Description of Economic Development-Area The Economic Development Area is located in the City and is described as that area contained in the maps and plats attached to this Plan. The general description of the area is approximately 30 acres located in the Clark Maritime Center in eastern Jeffersonville, Indiana. Project Description The development of the Economic Development Area will proceed immediately upon issuance of a note to the Indiana Port Commission for a portion of the purchase price of the area. The Project will involve approximately $5 million in real property improvements and a $14.2 million investment in manufacturing equipment. Acquisition of Property In order to accomplish the Project, the Redevelopment Commission may acquire, without the use of eminent domain by the Redevelopment Commission, all or a portion of the Economic Development Area to be developed in conjunction with the Project. The Redevelopment Commission shall follow procedures in lC 36-7-14-19 in the acquisition of property. The Redevelopment. Commission may not exercise the power of eminent domain in an economic development area. Procedures With Respect to the Project In accomplishing the Project the Redevelopment Commission may proceed with the Project before the acquisition of all interests in land in the Economic Development Area. All contracts for material or labor in the accomplishment of the Project shall be let under lC 36-1. In the planning and rezoning of real property acquired or to be used in the accomplishment of the Plan; the opening, closing, relocation and improvement of public ways; and the construction, relocation and improvement of sewers and utility services; the Redevelopment Commission shall proceed in the same manner as private owners of the property. The Redevelopment Commission may negotiate with proper officers and agencies of the City to secure the proper orders, approvals and consents. Any construction work required in connection with the Project may be carried out by the appropriate municipal department or agency. The Redevelopment Commission may carry out the construction work if all plans, specifications, and drawings are approved by the appropriate department or agency and the statutory procedures for the letting of the contracts by the appropriate department or agency are followed by the Redevelopment Commission. The Redevelopment Commission may pay any charges or assessments made on account of orders, approval, consents and construction work with respect to the Project or may agree to pay these assessments in installments as provided by statute in the case of private owners. None of the real property acquired for the Project may be set aside and dedicated for public ways, parking facilities, sewers, levees, parks or other public purposes until the Redevelopment Commission has obtained the consents and approval of the department or agency under whose jurisdiction the property will be placed. Disposal of Property The Redevelopment Commission may dispose of real property acquired by sale or lease to the public after causing to be prepared two (2) separate appraisals of the sale value or rental value to be made by independent appraisers. However, if the real Property is less than five (5) acres in size and the fair market value of the real property or interest has been appraised by one (1) independent appraiser at less than Ten Thousand Dollars ($10,000.00), the second appraisal may be made by a qualified employee of the Department of Redevelopment. The Redevelopment Commission will prepare an offering sheet and will maintain maps and plats showing the size and location of all parcels to be offered. Notice will be published of any offering in accordance with lC 5-3-1. The Redevelopment Commission will follow the procedures of lC 36-7-14-22 in making a sale or lease of real property acquired. Financing of the Project It is the intention of the Redevelopment Commission to issue a note payable from incremental ad valorem property taxes allocated under lC 36-7-14-39 in order to raise money for property acquisition and/or completion of the Project in the Economic Development Area. The amount of this note may not exceed the total, as estimated by the Redevelopment Commission, of all expenses reasonably incurred in connection with the Project, including: 1 .The total cost of all land, rights-of-way, and other property to be acquired and developed; 2. All reasonable and necessary architectural, engineering, legal, financing, accounting, advertising, and supervisory expenses related to the acquisition and development of the Project; 3. Expenses that the Redevelopment Commission is required or permitted to pay under I.C. 8-23-17. Amendment of the Plan By following the procedures specified in lC 36-7-14-17.5, the Redevelopment Commission may amend the Plan for the Economic Development Area. However, the Common Council must approve any enlargement of the boundaries of the Economic Development Area. RESOLUTION ~ ~ - ! ~ ~DECLARATORY RESOLUTION OF THE JEFFERSONVILLE REDEVELOPMENT COMMISSION wHERE~As, the City of Jeffersonville ("City) Redeveiopment Commission. ("Commission") has investigated, studied and surveyed economic development areas within the corporate boundaries of the City; and, ,: WHEREAS, the Commission has selected an economic development area to be developed under lC 36-7-14 and lC 36-7-23 (collectively the "Act"); and, WHEREAS, the Commission has prepared an economic development plan ("Plan") for the selected economic development area, which Plan is attached to and incorporated by reference in this resolution; and, WHEREAS, the Commission has caused to be prepared: 1) Maps and plats showing: a) The boundaries of the economic development area, completed the replatting, replanning, rezoning or economic development of the area, indicating any parcels of property to be excluded from the acquisition; and b) The parts of the acquired areas that are to be devoted to public ways, levees, sewerage, parks, playgrounds, and other public purposes under the Plan; 2) Lists of the owners of the various parcels of property proposed to be acquired; and 3) An estimate of the cost of acquisition, redevelopment and economic development; and WHEREAS, lC 36-7-14-3L9.3 authorizes the Commission to modify the definition of property taxes in lC 36-7-14-39(a) for the purposes of including taxes imposed under lC 6- 1.1 on the depreciable personal property of a designated taxpayer and all other depreciable property located and taxable on the desiipiated taxpayer's site of operations within the allocation provision included in a declaratory resolution; and WHEREAS, the Commission has caused to be prepared a factual report ("Report") in support of the findings contained in this resolution, which Report is attached to and incorporated by reference in this resolution; NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION THAT: 1) The Commission has selected as an economic development area an area within its corporate boundaries, which area the' Commission is hereby designating as thevBethnova Economic Development Area ("Economic Development Area"), and which Economic Development Area is described as Exhibit A. 2) The Commission finds that the Plan for the Economic Development Area: a') Promotes significant opportunities for the gainful employment of the citizens of the City; b) Attracts major new business enterprises to the City; c) Benefits the public health, safety, morals and welfare of the citizens of the City; d) Increases the economic well-being of the City and the State of Indiana; and e) Serves to protect and increase property values in the City and the State of Indiana. 3) The Commission finds that the Plan cannot be achieved by regulatory processes or by the ordinary operation of private enterprise without resort to the powers allowed the Commission under lC 36-7-14 because of. a) The lack of local public road and sewer improvements; b) Existence of conditions that lower the value of the land below nearby land; and c) The lack of public facilities needed for potential industrial and commercial development to be realized. 4) The Commission finds that the public health and welfare will be benefited by the accomplishment of the Plan for the Area. 5) The Commission finds that the accomplishment of the Plan will be of public utility and benefit as measured by: a) The attraction and retention of permanent jobs; b) An increase in the property tax base; c) Improved diversity of the economic base; d) Improved traffic circulation; and e) Upgrading of sanitary sewer conditions. 6) The plan for the Economic Development Area conforms to other development and redevelopment plans for the City. 7) The Commission estimates that the cost of implementing the Plan will not exceed $1,000,000.00. 8) The Commission finds that no residents of the Economic Development Area will be displaced by any project resulting from the Plan; and, therefore, the Commission finds that it does not need to give consideration to transitional and permanent provisions for adequate housing for the residents. If the Commission determines that it is necessary to displace any residents of the Economic Development Area, it will amend the Plan and this Resolution prior to any displacement and give consideration to transitional and permanent provisions for adequate housing for the residents. 9) This paragraph shall be considered the allocation provision for the purposes of lC 36-7-14-39. The entire Economic Development Area shall constitute an allocation area as defined in lC 36-7-14-39. Any property taxes levied on or after the effective date of this resolution by or for the benefit of any public body entitled to a distribution of property taxes on taxable property in the allocation area shall be allocated and distributed in accordance with lC 36-7-14-39. The Commission hereby modifies the definition of property taxes in lC 36-7-14-39(a) for the purposes.of including taxes imposed under IC6-1.1 on the depreciable personal property of the designated taxpayer described below and all other depreciable property located on and taxable on the designated taxpayer's site of operations within the allocation provision included in a declaratory resolution. This allocation provision shall expirie no later than 30 years after the effective date of this resolution. 10) All of the rights, powers, privileges, and immunities that may be exercised by the Commission in a Redevelopment Area or Urban Renewal Area may be exercised by the Commission in the Economic Development Area, subject to the limitations of lC 36-7- 14-43. 11) The presiding office of the Commission is hereby authorized and directed to submit this resolution, the Plan, and the Report to the Jeffersonviile Plan Commission for its approval. 12) The Commission also directs the presiding officer, upon receipt of the written order of approval of the Jeffersonville 'Plan Commission which has been approved by the Common Council to publish notice of the adoption and substance of this resolution in accordance with lC 5-3-14 and to file notice with the Jeffersonville Plan Commission, the Board of Zoning Appeals, the Board of Public Works, the Park Board, the building commissioner, and any other departments or agencies of the City concerned with unit planning, zoning variances, land use or the issuance of building permits. The notice must state that maps and plats have been prepared and can be inspected at the office of the City's Department of Redevelopment and must establish a date when the Commission will receive and hear remonstrances and objections from persons interested in or affected by the proceedings pertaining to the proposed project and will determine the public utility and benefit of the proposed project. Copies of the notice must also be filed with the office authorized to fix budgets, tax rates and tax levies under lC 6-1.1-17-5 for each taxing unit that is either wholly or partly located within the proposed allocation area. 13) The Commission also directs the presiding officer to prepare or cause to be prepared a statement disclosing the impact of the allocation area, including the following: a) The estimated economic benefits and costs incurred by the allocation area, as measured by increased employment and anticipated growth of real property, personal property and inventory assessed values; and b) The anticipated impact on tax revenues of each taxing unit that is either wholly or partly located ,within the allocation area. A copy of this statement shall be forwarded to each such taxing unit with a copy of the notice required under Section 17 of the Act at least 10 days before the date of the hearing described in Section 14 of this Resolution. 14) The Commission further directs the presiding officer to submit this resolution to the Common Council for its approval of the establishment of the Bethnova Project Economic Development Area. 15) This Resolution shall be effective as of its date of adoption. Adopted this.,~ (~ ~ay of ~,-;\ 2000. JEFFERSONVILLE REDEVELOPMENT COMMISSION ATTEST: Kyle Williams, Secretary M:\Legal\Department of Redevelopment\Projects\Beth-Nova\Declaratory Resolution.doc