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Home My WebLink About03-2007 ''-. , City of Jeffersonville Tax Abatement Report March 2007 Name of Type of Number of Promised Current Promised Current Business Abatement Years Jobs Jobs Salaries Salaries Brinly Hardy Personal Property 10 years 130 93 $ 4,300,000.00 $ 3,812,437.00 Dallman Systems Real Estate 10 years 22 15 $ 578,000.00 $ 702,470.00 Diamond Billiards Personal Property 5 years 41 36 $ 1,096,971.00 $ 726,723.00 Encore/Becnel Real Estate 10 years 46 28 $ 988,000.00 $ 589,000.00 Fed Ex Grolmd Real Estate 10 years 79 152 $ 1,219,000.00 $ 2,114,669.16 r Ieartland Payment Systems Real Estate 10 years 506 * $ 16,226,282.16 * JDC Veneers Personal Property 10 years 33 * $ 1,145,960.00 * OB&E Rubber Real Estate 10 years 15 15 $ 738,000.00 $ 953,972.00 Riverside Development Real Estate 10 years 112 176 $ 4,240,000.00 $ 6,423,575.00 Riverside Development Personal Property 10 years 112 176 $ 4,240,000.00 $ 6,423,570.00 Seatply Personal Property 5 years 21 14 $ 621,000.00 ** Steel Dynamics Real Estate 10 years 60 42 $ 1,679,808.00 $ 2,969,666.00 Steel Dynamics Real Estate 10 years 79 * $ 4,702,251.00 * Jeff Vending Real Estate 10 years 4 10 $ 75,000.00 $ 275,826.00 Amatrol Real Estate 10 years 133 105 $ 5,035,800.00 $ 4,753,533.94 Axmann Conveying Real Estate 10 years 24 36 $ 794,899.00 $ 1,614,453.00 Badd, Inc. Real Estate 10 years 25 20 $ 606,952.00 $ 554,270.00 Beth Nova Tube, LLC Real Estate 10 years 74 27 $ 2,185,664.00 $ 1,233,305.00 GEA Parts Real Estate 10 years 150 205 $ 3,557,000.00 $ 8,500,000.00 Buckhead Realty Real Estate 10 years 101 136 $ 1,149,571.00 $ 1,098,750.00 Chemtrusion Personal Property 5 years 120 97 $ 3,705,671.00 $ 4,435,893.00 Dover Diversified Real Estate 10 years 151 93 $ 5,400,000.00 $ 4,236,195.00 Envirotest Systems Real Estate 10 years 14 10 $ 150,000.00 $ 118,333.00 The Estopinal Group Personal Property 5 years 58 62 $ 4,000,000.00 $ 3,738,992.00 The Estopinal Group Real Estate 10 years 58 62 $ 4,000,000.00 $ 3,738,992.00 Rita Fleming Real Estate 10 years 10 3 $ 250,000.00 $ 30,000.00 Jendur Leasing Real Estate 10 years 25 45 $ 632,400.00 $ 1,150,000.00 * First CP-l/RE has yet to be completed and filed. **Salaries not reported on C1"'-l /1'1' '\... City of Jeffersonville T ax Abatement Report March 2007 Name of Type of Number of Promised Current Promised Current Business Abatement Years Jobs Jobs Salaries Salaries Kasle Metals Real Estate 10 years 78 72 $ 2,500,000.00 $ 2,668,662.00 Kasle Metals Personal Property 5 years 78 72 $ 2,500,000.00 $ 2,668,662.00 Kids Connection Real Estate 7 years 26 28 $ 283,170.00 $ 434,733.89 Rita Fleming Real Estate 10 years 10 3 $ 250,000.00 $ 30,000.00 Jendur Leasing Real Estate 10 years 25 45 $ 632,400.00 $ 1,150,000.00 Kasle Metals Real Estate 10 years 78 72 $ 2,500,000.00 $ 2,668,662.00 Kasle Metals Personal Property 5 years 78 72 $ 2,500,000.00 $ 2,668,662.00 Kids Connection Real Estate 7 years 26 28 $ 283,170.00 $ 434,733.89 Kellems & Coe Personal Property 5 years 48 48 $ 2,057,817.00 $ 1,638,404.00 Key Electronics Personal Property 5 years 90 95 $ 4,100,000.00 $ 3,800,000.00 Cylicron Real Estate 10 years 237 59 $ 9,500,000.00 $ 2,348,672.00 Kingfish Restaurants Real Estate 10 years 64 78 $ 730,000.00 $ 965,514.00 MedVentl.lre Real Estate 10 years 532 * $ 24,801,710.00 * Metals USA Personal Property 10 years 55 43 $ 1,600,000.00 $ 1,748,700.00 Metals USA Real Estate 10 years 55 43 $ 1,600,000.00 $ 1,748,700.00 Metropolitan Urology Real Estate 10 years 75 75 $ 8,300,000.00 $ 8,300,000.00 Mid Park Personal Property 5 years 72 *** $ 1,988,482.00 *** North Shore Development Real Estate 10 years 100 356 $ 4,017,850.00 $ 16,217,780.00 PI Louisville Real Estate 5 years 28 *** $ 960,000.00 *** Roll Forming Real Estate 10 years 210 35 $ 7,527,200.00 $ 1,075,564.00 Scan Steel Real Estate 10 years 75 49 $ 1,797,120.00 $ 736,424.00 Schimpff's Real Estate 10 years 13 17 $ 125,000.00 $ 196,679.00 V oss Clark Personal Property 5 years 70 95 $ 1,632,000.00 $ 5,836,135.00 Voss Clark Real Estate 10 years 70 95 $ 1,632,000.00 $ 5,836,135.00 Wall Street Real Estate 10 years 9 15 $ 60,000.00 $ 74,400.00 * First CF-1 IRE has yet to be completed and filed. **Salaries not reported on CF-1/pp *** Is not in compliance with CF-1 filing .... TEN YEAR REAL PROPERTY Cost $5,500,000 AV @ 80% $4,400,000 TEN YEAR PERSONAL PROPERTY Pool 3 9 to 12 Life Gross Rate 0.029326 Cost $33,000,000 PTRC 0.325343 PP PTRC O. 160441 Net Rate 0.01978499 NET RATE 0.024620907 Year's Tax $87,054 New Jobs Added Payroll Wages wlo OT 79 $3,950,000 $50,000 Current Yr TTV% from Form Assessed Taxes 103 Value Taxes Taxes Paid Abated SchedualA or TTV Taxes Paid Abated Year 1 $0 $87,054 40 $13,200,000 0 $324,996 Year 2 $4,353 $82,701 60 $19,800,000 $48,749 $438,745 Year 3 $17,411 $69,643 55 $18,150,000 $89,374 $357,496 Year 4 . $30,469 $56,585 45 $14,850,000 $109,686 $255,934 Year 5 $43,527 $43,527 37 $12,210,000 $120,249 $180,373 Year 6 $52,232 $34,822 30 $9,900,000 $121,873 $121,873 Year 7 $60,938 $26,116 30 $9,900,000 $146,248 $97,499 Year 8 $69,643 $17,411 30 $9,900,000 $170,623 $73,124 Year 9 $78,349 $8,705 30 $9,900,000 $194,998 $48,749 Year 10 $82,701 $4,353 30 $9,900,000 $219,372 $24,375 Total $439,623 $430,917 $1,221,172 $1,923,164 Total Taxes Abated Promised Jobs = Abatement per job Fee % Total Fee Paid to Council $2,354,081 79 $29,798 7.50% $176,556 Real Property Plus Personal Property Plus Cagit Plus Edit Total Taxes Paid Yearly Thereafter $439,623 $1,221,172 $395,000 $98,750 $2,154,545 $380,176