HomeMy WebLinkAbout1998-R-07RESOLUTION NO. 98-R-7
A RESOLUTION APPROVING STATEMENT OF BENEFITS FOR
PURPOSES OF PROPERTY TAX ABATEMENT
WHEREAS, Brinly-Hardy Company has petitioned the Common Council of the
City of Jeffersonville, Indiana, for a deduction in real property and personal property
taxes to be assessed on proposed improvements to be made and equipment in the
Clark Maritime Center, located in the City of Jeffersonville, Clark County, Indiana; and
WHEREAS, Brinly-Hardy Company has submitted a Statement of Benefits on
the form prescribed by the Indiana State Board of Tax Commissioners for such
purpose, which statement includes 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; and
WHEREAS, the Common Council of the City of Jeffersonville has previously
determined that the area in which the proposed redevelopment project is located in the
City of Jeffersonville qualifies as an economic revitalization iarea pursuant to Indiana
Code 6-1.1-12.1 et seq., and ResolutiOn 94-R-24 and Conill'ming Resolution 94-R- ,
and
WHEREAS, the Common Council has reviewed the ~Statement of Benefits
submitted herein, and attaches and incorporates that Statement to this Resolution;
NOW THEREFORE, BE IT HEREBY RESOLVED by the Common Council of
the City of Jeffersonville, Indiana, that it specificall6y and affirmatively finds as follows:
That the estimate of the value of the redevelopment Or rehabilitation is
reasonable for projects of the nature described in the Statement of Benefits
submitted by the developer.
That the estimate of the number of individuals who w, ill be employed or whose
employment will be retained can reasonably be expected to result from the
proposed described redevelopment or rehabilitation.
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 Or rehabilitation.
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.
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, Indiana, 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 ten (10) years for improvements to real property, pursuant to
the provisions of I.C. 6-1.1-12.1-3(d) and I.C. 6-1.1-12.1-4(d)(3), and ten (10) years for
equipment pursuant to I.C. 6r1.1-12.1-4.5, with the timely filing and perfection thereof
with the Clark County Auditor's office.
Passed and adopted this ~--
~R. Gal~
Presiding Officer
ATTEST:
C. Richard Spencer,
Clerk and Treasurer
Presented by me as Clerk and Treasures to the MayOr of said City of
Jeffersonville this ~ day of //.~,4~-,~, 199,~.
Approved and signed by me this__
C. Ric~rd Spencbr, Jr/J (-'/ '
Clerk and Treasurer
~--'~day of .~.~/-~, 199~.
R. Galligan, May~./'
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