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HomeMy WebLinkAbout1999-R-30RESOLUTION 99-R-~ RESOLUTION APPROVING STATEMENT OF BENEFITS FOR PURPOSES OF PROPERTY TAX ABATEMENT WHEREAS, JPMC, LLC (the "Applicant~) has petitioned the Common Council of t City of Jeffersonville, Indiana, for a deduction in real property taxes to be assessed proposed improvements to be made on property located in the area commonly known the Bridgeport Business Center, in the City of Jeffersonville, Clark County, Indiana; ar WHEREAS, the Applicant has submitted an application which includes ti Statement of Benefits on the form prescribed by the Indiana State Board of T. Commissioners for such purpose, which application and statement include a descripti~ of the proposed redevelopment, an estimate of the number of individuals who will I employed as a result of the redevelopment, an estimate of the annual salaries of the~ individuals, and an estimate of the value of the redevelopment, attached hereto as "Exhii A" and WHEREAS, by Ordinance No. 90-OR-56, on November 7, 1990, the Comm( Council of the City of Jeffersonville designated the area where the propos~ redevelopment project is located in the City of Jeffersonville as an Economic Developme Target Area pursuant to Indiana Code 6-1.1-12.1 et seq., specifically lC 6-1.1-12.1-7; a~ WHEREAS, the City's Department of Redevelopment has reviewed the applicati( and Statement of Benefits submitted by the Applicant and has advised the Comm( Council that the application has been submitted in compliance with the approved T~ Abatement Policy of the Common Council of the City of Jeffersonville. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City Jeffersonville, Indiana, that it specifically and affirmatively finds as follows: 1. That the estimate of the value of the redevelopment is reasonable for projects 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 who.~ employment will be retained can reasonably be expected to result from the propose described redevelopment. 3. That the estimate of the annual salaries of those individuals who will employed or whose employment will be retained can be reasonably expected to result fro~ the proposed described redevelopment. le ~d le )n ~e ;e ~n ~d ~t ~d ,n n. ~x )f ~f 4. That all other information requested from the Applicant has been submitted, al id the benefits described in such information can be reasonably expected to result from le proposed described redevelopment. 5. That the totality of benefits for said redevelopment is sufficient to justify deduction. BE IT FURTH ER RESOLVED, that the Common Council of the City of Jeffersom hereby approves the application and Statement of Benefits as presented and filed by t Applicant, and that said Applicant shall be entitled to deductions for a period of~x~ years for equipment and machinery, pursuant to the provision of lC 6-1.1-12.1-4.5, with 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 approval. Passed this ~ day of ~Z~ .1,99 ~___. Presiding Officer ATTEST: C~ ~hard Spencer~Jr. // Clerk and Treasurer,/ this Presented by me as,Clerk and Treasurer to the Mayor of said City of Jeffersonvil C. R~c~lard Spencer~/;~F.. ~ '~ Clerk and Treasur~_.z/ 199__.This Ordinance approved and~/~his ~~ho.~as R. Galliga~n,~yo~ld! of le le ~e d e INSTRUCTIONS: COMPLIANCE WITH STATEMENT OF BENEFITS State Form 44973 (R2 / 11-95) Prescribed by the State Board of Tax Commissioners, 1991 1. Property owners whose Statement of Benefits was approved after June 30, 1991 must file this form with the Cour local Designating Body to show the extent to which there has been compliance with the Statement of Benefits. (This property located in a residenfially distressed area). (lC 6-1.1-12,1-5. 6) 2. If the deduction applies to Real Estate and Improvements, then this form must be filed with the initial deduction ap~ annually within sixty (60) days after the end of each year in which the deduction is applicable. 3. For New Manufacturing-Equipment, this form must be filed with Form 322 ERA/PP between March 1 and May 15 of e filing extension under lC 6-1,1-3.7 has been granted. A person who obtains a filing extension must file between Marc, each yeah 4. With the approval of the designating body, compliance information for multiple projects may be consolidated on o/ form (CF- I). FORM CF-1 Auditor and the foes not apply to ~lication and then ~ch year, unless a I and June 14 of e (1) compliance C_.., LLL- Address of taxpayer (street and number, city, state and ZIP code) Name of contact person Telephone number Location of property DescrJption of real property improvements and/or new manufacturing equipment to be acquired Estimated sta~ing dat~ / Estimated completion Current number bf employees Salaries Number of employees retained Number of ~adi~ional employees Salades Vatues before project ~D.~ ~ Plus: Values of proposed project (~{ ~ .~OOc~ Less: Values of any property being repIaced ~ ~ Net values upon completion of project /,,~1 I~.t'~O~ ~ ~~ ~ .- ~ ~ . ::iiiii::ii~¢~t::i:.??:ii::~i Assessed Value iiii::ii: ii~::i:~iii~:/::::iiiiiiii: A, sessed 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 6-1.1-1 2.1-5.6 (d). Amount of soIid waste converted Amount of hazardous waste converted hereby certify that the representations in this statement are true. orized representative Date signed o9 yr.) INSTRUCTIONS: (IC 6- t. I- t2.1-5.9) 1. Within forty-five (45) days after receipt of this form, the designating body may determine whether or not the property owner has substantially complied with the Statement of Benefits. 2. ff the property owner is found NOT to be in substantial compliance, the designating body shall send the property owner wfitten notice. The notice must in- clude the reasons for the determination and the date, time and place of a hearing to be conducted by the designating bod~4 If a notice is mailed to a prop- arty owner for new manufacturing 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 headng, the designating b~dy sha~ determine whether ~r n~t the pr~perty ~wner has made reas~nab~e eff~rt t~ substantially comply with the Statement of Benefits. 4. If the designating body determines that the property owner has NOT made reasonable effort to comply, then the designating body shall adopt a resolution terminating the deduct/on. 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 (~vner IS N0T in substantial compliance [] other (specify) Reasons for the determination (attach additional sheets if necessary) Time of heedng []AM []PM g body Date signed (month, day, year) owner shall receive the opportunity for a hearing. The Location of hearing [] Approved [] Denied (see instruction 4 above) Reasons for determination (attach additional sheets if necessary) . ,., ;Signature of authorized member Date signed (month, day, year) Attested by: Designating body APPEAL RIGHTS [lC 6-1:1-12.1-5.9(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.