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HomeMy WebLinkAbout2000-R-33RESOLUTION 2000-R-._~ RESOLUTION APPROVING STATEMENT OF BENEFITS FOR PURPOSES OF PROPERTY TAX ABATEMENT WHEREAS, 101 East Riverside Drive. 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 t ' ' , in the City of Jeffersonville, Clark County, Indiana; and WHEREAS, 101 East Riverside Drive. 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, 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 S~!~ries 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 Jeffersonville hereby approves the application and Statement of Benefits as presented and filed by the Applicant, shall be entitled to deductions 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) and I.C. 6-1.1- 12.1-49(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 ~o, ~.~.,~~,/2~000.~(~ ~- ~rhomas R. Gaili~ Presiding Officer ATTEST: Pegg'~~r Clerk and Treasurer Presented by me as Clerk and Treasurer to the Mayor of said City of Jeffersonville this ~, day of ~(%10~c~.~, 2000. Clerk and Treasurer 2000. This Ordinance approved and signed by me this ~-~\ ~'~ STATEMENT iF ~~~\ OF BENEFITS ORM ~ "StateFcrm27167(R3/11.91) ' [ SE~ - 1 ~'~~ Form SB-1 is prescribed by the State ~oard of Tax Comm,ss,~ners. 1,~9 .... ~/ The records In this series are CONFIOENTIAL according to lC 6-1.1-35-9 INS TRUC T/ONS: 1. This ~tatement must be submi~ed to the body designating the economic revitilization area ~rior to the ~ublic hearing if the designating body require~ info~ mat/on from the appficant in making its decision about whether to designate an Economic ~evitilization Area. Othe~Mse this statement must be submi~ec to the designating body BEFORE a person installs the new manufacturing equipment or BEFORE the redevelopment or rehabilitation ~f real r which t~e person wishes to c/aim a deduction A statement of benefit~ ~t r~//ir;d if ~h~ ~ ~ ....... ~ .............. ~?~S~ ~~ ~ ~o~_~e~ to b~,th~ ~l~ant, ~nd a~COZ~d by the designating bod~ prior to that dat~. "Projects" pfa~ned or commi~ed to 7 , ~n~[~s~esign~[eoa~eruuiy ~, ~/requireaSTATEMENTQFBENEFITS. (106.1.1-1~.1) · 2. ~pproval of the designating body (Oity Oouncil, Town Board, Oounty Oounsil, etc.) must be. obtained prior to initiation of the redevelopment or rehabNtation, or prior to installation ~f the new manufacturing equipment, BEFORE a d~duction may be approved. 3. To obtain a deduction, Form 322 ERA, Real Estate Improvements and / or Form 322 ERA / P~ N~w Machine~ must be filed with the county audito~ With respect to real prope~y, Form 322 ERA must b~ filed by the later of: (1) May f 0; or (2) thi~y (~0) days a~er a notice of increase in r~al pmpe~y is received from the township assesso~ Form ~2 ERA / PP must be filed between March 1 a~d'May 15 of the assessment year in which new manufac- turing ~quipment is installed, unless ~ filing extension has been obtained. A person who obtains a Ning eztension must file the form be~een March I and June 14 of that year. 4. Prope~y owners whose State~nt of Benefits was approved a~er ~uly 1, 1991 must submit ~orm GE- 1 annually to show compliance with the Statement B~neflts. (IS 6.1.1-12. taxpayer (street and number, 'y, 1 code) Telephone number Cost Assessed Value Cost Assessed Value Current values Plus estimated values of proposed project , L Less values of any property being replaced , Net estimated values upon completion of project I . .! hereby certify that the representations in this statement are true. )resentative t Ti; ~ IDate signed (month, day, year)