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HomeMy WebLinkAbout2004-R-15AResolution No. ~___j~ RESOLUTION CONCERNING STATEMENT OF BENEFITS FOR PURPOSE OF TAX ABATEMENT BY THE COMMON COUNCIL OF THE CITY OF JEFFERSONVILLE WHEREAS, through Indiana Code LC. 6-1~12.1, cedain property tax deductions may be afforded as an incentive fo encourage rehabilitation or redevelopment of real propedy and or to install new manufacturing equipment in Economic Revitalization Areas; and WHEREAS, such improvements will benefit the long term tax base, and stimulate employment opportunities with in the City of Jeffersonville, IN and WHEREAS, the Common Council of the City of Jeffersonville established the Jeffersonville Urban Enterprise Zone as Economic Revitalization Area for properff tax abatement purposes; and WHEREAS, Metro Urology, is planning the construction of a new corporate headquarters in the above referenced Economic Revitalization Area, has submitted a Statement of Benefits form SB-1, exhibit A attached for the construction of a new facility pursuant to indiana Code I.C. 6-1.1-12.1-4.5, as prescribed by the State Board of Tax Commissioners; and WHEREAS, the Common Council has reviewed said Statement of Benefits; NOW, THEREFORE, BE IT RESOLVED, That: 1. The Common Council hereby finds that the information contained in the Statement of Benefits form can reasonably be expected from the proposed project. 2. The Common Council further determines that, based upon the above findings, the benefits set forth in the Statement of Benefits form justify the applicable deduction for the proposed new corporate headquarters to be constructed. 3. The Abatement period for the new facility shall be for a period of TEN (10) years. 4. The Mayor is hereby authorized to approve the Statement if Benefits as submitted by Metro Urology and the City Clerk shall attest. Adopted by the Common Council of the City of Jeffersonville on this ._~ ~ 2004. . . day of Rober~r~/ai ~ayor of the City of Jeffersonville Attest: City Clerk Treasurer Accepted and Approved by me this Attest: day of 7~'-~ ~~04. RC?~ j~~ ~~r diana ~rk Treasurer METROPOLITAN UROLOGY~ P.S.C. James L. Bailen, M.D, founded Metropolitan Urology, P.S.C. in 1979 in Jeffersonville, IN. It specializes in treating adult and pediatric urological conditions. Metropolitan Urology was and still is, the only urology medical practice in Clark County, IN. Over the past twenty-five years, Dr. Bailen has added seven partners ( Drs. William Schmied, David Benson, Greg Steinbock, Richard Medley, Barry Pecha, Brad Bell and Ganesh Rao ) and four nurse practitioners to the practice, making Metropolitan Urology the largest urology practice in the metro area. We currently work out of twelve offices in seven different cities. Our long-term plan is to develop into a fifteen physician / eight N.P. group by 2012. While we have expanded into other markets, Metropolitan Urology has always been concerned about providing quality care to it's home base of Jeffersonville. Our main office will be the base for many ancillary services, which will include: imaging, research, continence center and a procedural suite. We believe that Metropolitan Urology, P.S.C. and Jeffers0nville, IN have established a great corporate partnership over the past 25 years. And we truly hope that this relationship continues for many more years to come. City of Jeffersonville, IN. Tax Abatement Application 1. Owners: Metropolitan Urology Properties, LLC ( Drs.' James Bailen, William Schmied, David Benson, Greg Steinbock, Richard Medley, Barry Pecha and Bradley Bell ), 1407 Spring Street, Jeffersonville, IN 47130. This will be the main office for Metropolitan Urology, P.S.C. They will be leasing the entire 27,500 s.f. building. 2. & 3. See attached survey dated 12-02-03 prepared by Blankenbeker & Son, Job No. 17,364. 4. The purchase price of the property is $339,144.00. 5. This is a piece of property that has been carved out of Clark Memorial Hospital's main campus. The amount of tax paid in regard to this exact piece of property is unknown. 6. We currently employee approximately 28 full time employees at our main office. Of those 28 employees, 25 are female and/or minority. 7. We will be building a 27,500 s.f. medical office building at an approximate cost of $3,500,000. 8. Metropolitan Urology, P.S.C. will be moving from our current 5,500 s.f. office to our new 27,500 s.f. office. We will be adding another doctor and nurse practitioner, with supporting staff, to this office, as well as establishing centers for imaging and incontinence, a urology procedural suite and enlarging our clinical research department. Within a 12 month period, we expect to increase our employment at the main office by 20 - 25 people. This would take our annual payroll for this location from 1.4 million to 2.6 million. 9. As of this date, the property has not been legally transferred into Metropolitan Urology Properties' name. We have an agreement (option) to purchase. Construction documents are 70% complete. Once completed (05-01-04 projected date), we will begin the process of obtaining a building permit. 10.Please contact: Michael Shannon, Chief Operating Officer, Metropolitan Urology, P.S.C. 1407 Spring Street #3, Jeffersonville, IN 47130, #812-282-3899 regarding notice of Council meetings and public hearings concerning this petition. 11. See attached Statement of Benefits form. "w SPARKS VENUE 100 200 S B9'$0'55" E ELEYENTH STREET 60' (VACATEO ~EEO DRAWER 16 INSTRUMENT J 1647) I DENOTES IRON PIPE FOUND PER DEED DENOTES STEEL PIN FOUND pER A SURVEY BY THIS COMPANY IN FEBUARY OF 1998, OR JANU~J~Y 1996,' OR JULY 200J. DE.NOTES 5/8"x24" STEEL PIN W/ CAP SE7 DENOTES WIRE FENCE DENOTES BTEEL PiN FOUND PER DEED AND SURVF;' BY JACOBI-TOOMBS /~ND LANZ DA77 NOVEMBER J, 1994. DENOT.~E~ METAL FENCE POST FOUND PER IND/AN~ DEPARTMENT OF TRANSPORTATIt~N (RIGHT-OF-WAY FENCE) OF VACATION[ THIS INCLUDED IN THE CORRENT Df~O L~.. 101.58' TENTH STREET AND I-6,5 ON RAMP SURVEY ANO DRAtfflNG OF A 1.488 ACRES TRACT OF LAND IN BLOCKS llJ AND 114 IN ~E Cl~ OF (I) ~tle exom[notion may rewol other eos~ment~ ~nd/or Rights of woys no~ shown hereon. ~D SURVEYORS Z~, m~ JEFFERSO~ILL& IN 47130 . $~RVL'~'OR'~.; REPORT tn'o¢cordonce wlth l~tle S~5. Artlcle 1.1, Dhopter 1~, Secfion~ 1 through -T4 of feet) os defined in /AC 865. REVISED DECEMBER 2, 2003. BLANKENBEKER OWiYKz~' CLARK MEMORIAL HOSPITAL 1220 MISSOURI AVENUE JEFFERSONYILLE, IN 47130 STATEMENT OF BENEFITS State Form 27167 (R7 / 12-01) Prescribed by the Department of Local Government Finance FORM SD- 1 mafion from the applicant in making its decision about whether to designate an Economic Revitalization Area. Otherwise this statement must be submitted to the designat ng body BEFORE a person installs the new manufacturing equipment and / or research and development equipment, or BEFORE the redevelopment or rehabilitation of real property for which the person wishes to claim a deduction. "Projects" planned or committed to after July 1, 1987 and areas designated after July l, 1987 require a STATEMENT OF BENEFITS. (IC6-1.1-t2.1) 2. Approval of the designating body (City Council, Town Board, County Council, etc.) must be obtained prior to initiation of the redevelopment or rehabilitation, or prior to installation of the new manufactuffng equipment and / ar research and development equipment, BEFORE a deduction may be approved. 3. To obtain a deduction, Form 322 ERA, Real Estate Improvements and / or Form 322 ERA / PPME and / or 322 ERA / PPR & DE, must be filed with the county audito~ With respect to real property, Form 322 ERA must be filed by the later o~' (I) M¢~ 10; or (2) thirty (30) days a.fter a notice of increase iq.re, al property assessment is received from the township assesso~ Form 322 ERA / PPME and / or 322 ERA PPR & DE must be filed between March 1 aha May 15 of the assessment year n which new manufacturing equipment and / or research and development equipment becomes assessable, unless a filing extension has been obtained. A person who obtains a filing extension must file the form between March I and the extended due da e of that yeac 4. Property owners whose Statement of Benefits was approved after June 30, 1991 must submit Form CF - 1 annually to show compliance with the Statement of Benefits. (lC 6~1.1-12.1-5.6) 5. The schedules established under lC fi-1.1-12.1-4(d) and lC 6-1.1-12.1-4.5 (e) effective July 1, 2000 apply to any statement of benefits filed on or after July 1, 2000. The schedules effective prior to July 1, 2000 shall continue to apply to those statement of benefits filed before July 1, 2000. Name of taxpayer Metropolitan Urology P.S.C. Address of taxpayer (street and number, city, state and ZIP code) 1407 Spring Street Jeffersonville, IN 47130 Name of contact person Telephone number Mr. Mike Shannon ((812) 2~2-3899 Name of designating body Resolution number Common Council City of Jeffersonville Location of property Counl7 Taxing district Clark Memorial Hospital Medical Campus C ark Jeff-City Description of real property improvements and / or new manufacturing equipment and / or ESTIMATED research and development equipment (use additional sheets if necessary) Start Date Completion Date Real Estate 06/04/2004 03/0512004 New Mfg Equipment R&DE Current number Salaries Number retained Salaries i Number additional Salaries I NOTE: Pursuant to lC 6-1~1-12.1-5.1 (d) (2) the Real Estate Improvements Machinery Research and Development Equipment COST of the property is confidential. Cost ~,ssessed Value Cost ~.ssessed Value Cost Assessed Valu~ Current values $0.00 Plus estimated values of proposed project $3,800,000.00 Less values of any property being replaced . 3;g.0g,00,0.00... .. Estimated solid waste converted (pounds) .................... Estimated hazardous waste converted (pounds) Other benefits: This new structure will be a combination of existing services into a new 27,000 s.fi corporate headquarters. The structure will be built at a location that is currently vacant and will be one of the first sturctures seen as you enter Jeffersonville.  I hereby certify that the representations in this statement are true. /  Date signed (month, day, year) or'zed representative Title We have rev ewed our prior act ons relating to the designation of this economic revitalization area and find that the applicant meets the general standards adopted in the resolution previously approved by this body. Said resolution, passed under lC 6-1.1-12.1-2.5, pro- vides for the following limitations as authorized under lC 6-1.1-12.1-2. A. The designated area has been limited to a period of time not to exceed ........... calendar years * (see below). The date this designation expires is ............................ · B. The type of deduction that is allowed in the designated area is limited to: 1. Redevelopment or rehabilitation of real estate improvements; [] Yes [] N o 2. Installation of new manufacturing equipment; [] Yes [] N o 3. Installation of new research and development equipment; [] Yes [] No 4. Residentially distressed areas [] Yes [] No C .The amount of deduction applicable for redevelopment or rehabilitation is limited to $ .................. cost with an assessed value of $ ................... D .The amount of deduction applicable to new manufacturing equipment is limited to $ ................. cost with an assessed value of $ .................. . E. The amount of deduction applicable to new research and development equipment is limited to $ ................. cost with an assessed value of $ ..................... F. Other limitations or conditions (specify) ......................................................... Also we have reviewed the information contained in the statement of benefits and find that the estimates and expectations are reason- able and have determined that the totality of benefits is sufficient to justify the deduction described above. &pproved: (signature and title of authorized member) Telephone number Date signed (month, day, year) &ttested by: B(esignat~d b°dy * If the designating body limits the time period during which an area is an economic revitilization area, it does not limit the length of time a taxpayer is entitled to receive a deduction to a number of years designated under lC 6-1.1-12.1-4 or 4.5 INSTRUCTIONS: COMPLIANCE WITH STATEMENT OF BENEFITS State Form 44973 (R4 / 12-01) Prescribed by the Department of Local Government Finance FORM CF-1 f. Property owners whose Statement of Benefits was approved after June 30, 1991 must file this form with the County Auditor and the local Designating Body to show the extent to which there has been compliance with the Statement of Benefits. (This does not apply to property located in a residentially distressed area). (IC 6-1. ~-12.1-5. 6) 2. If the deductfan applies to Real Estate and lmprovements, then this farm must be fifad with the faitial deductfan application and then annually within sixty (60)days after the end of each year in which the deduction ia applicable, 3. For New Manufacturing Equipment or New Research and Development Equipment, this form must be Ned with Form 322 ERA/PP, ME, or R and DE respectively between March ~ and May 15 of each year, unless a filing extension under lC 6-1. ~-3.7 has been granted. A person who obtains a filing extension must file between March I and the extended due date of each year. 4. With the approval of the designating body, compliance information for multiple projects may be consolidated on one (1) compliance form (CF-I). Name of taxpayer Metropolitan Urology PSC Address of taxpayer (street and number, city, state and ZIP code) 1407 Spring Street St. Jeffersonville, tN 47130 Name of contact person Telephone number Mr. Mike Shannon ((812) 252-3899 Name of designating body Resolution number Common Council of City of Jeffersonville Location of property County Taxing district Clark Memorial Hospital Medical Campus C ark 3eft-city Description of real properly improvements and/or new manufacturing equipment, or new research and development Estimated starting date equipment to be acquired 06/04/2004 27,500 s.f. Medical Office Bldg. Combination of existing services to new corporate headquarters. Estimated completion date 03/05/2004 Current number of employees 28 28 Sa[ades $1,400,000.00 $1,400,000.00 Number of employees retained 28 28 Salaries $1,400,000.00 $1,400,000.00 Number of additional employees 22 Salaries $2,600,000.00 Values before project $0.00 Plus: Values of proposed project $3,800,000.00 Less: Values of any property being replaced Net values upon completion of project $3~800~000.00 ~ , Assessed Value !1 ~i; Assessed Value Assessed Value Values before project Plus: Values of proposed project Less: Values of any property being replaced Net values upon completion of project NOTE: The COST of the property is confidential pursuant to lC 6-1.1-12.1-5.6 (d). Amount of solid waste converted Amount of hazardous waste converted Other benefits: I hereby certify that the representations in this statement are true, INSTRUCTIONS: (lC 6-1,l-fZf-5. g) ~. Within forty-five (45) days after receipt of this form, the designating body may determine whether or not the p~perty owner has substantially complied with the Statement of Benefits. 2. If the property owner is found NOT to be in substantial compliance, the designating body shall send the property owner written notice. The notice must include the reasons for the determination and the date, time and place of a hearing to be conducted by the designating body. If a notice is mailed to a property owner for new manufacturing equipment and / or research and development equipment, a copy of the written notice shall be sent to the State Board of Tax Commissioners. 3. Based on the information presented at the heating, the designating body shall determine whether or not the property owner has made reasonable effort to substantially comply with the Statement of Benefits. 4. If the designating body determines that the preperty owner has NOT made reasonable effort fo comply, then the designating body shall adopt a resolution terminating the deduction. The designating body shall immediately mail a certified copy of the resolution to: (1) the property owner; (2) the County Auditor; and (3) the State Board of Tax Commissioners. We have reviewed the CF-1 and find that: [] the property owner IS in substantial compliance [] the property owner IS NOT in substantial compliance [] other (specify) Reasons for the determination (attach additional sheets If necessary) Signature of authorized member Date signed (month, day, year) Attested by: Designating body If the property owner is found not to be in substantial compliance, the property owner shall receive the opportunity for a hearing. The following date and time has been set aside for the purpose of considering compliance. Time of hearingElAM [] pM Date of hearing Location of hearing HEARING RESULTS (to be completed after the hearing) [] Approved [] Denied (see instruction 4 above) Reasons for the determination (attach additional sheets If necessary) Signature of authorized member Date signed (month, day. year) Attested by: Designating body APPEAL RIGHTS [lC 6-1.~-12.1-5.9(e)] A property owner whose deduction is denied by the designating body may appeal the designating body's decision by filing a complaint in the office of the Circuit or Superior Court together with a bond conditioned to pay the costs of the appeal if the appeal is determined against the property owner.