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HomeMy WebLinkAbout1995-R-02RESOLUTION NO. ~"'%~'~"~' RESOLUTION APPROVING STATEMENT OF BENEFITS FOR PURPOSES OF REAL PROPERTY TAX ABATEMENT WHEREAS, Eagle Steel Products, Inc. has petitioned the Common Council for processing a tax abatement for improvements to be made at the Clark Maritime Centre in the City of Jefferson, and has submitted a Statement of Benefits on the form prescribed by the Indiana State Board of Tax Commissioners for such purpose; and WHEREAS, the Common Council of the City of jeffersonville has previously determined that the Clark Maritime Centre in the City of Jeffersonville qual%fies as an economic revitalization area pursuant to Indiana Code 6-1-1-12.1 et seq. Also acknowledged is a dispute as to whether or not property leased by the Indiana Port Commission to Eagle Steel is in fact taxable pursuant to Indiana Code 8-10-1-27(c) and this application is made without waiver of any right thereunder. NOW THEREFORE, BE IT RESOLVED by the Common Counsel of the City of jeffersonville that it specifically finds as follows: 1. That the estimate of the value of the redevelopment and rehabilitation is reasonable for projects of the nature described in the State of Benefits submitted by the developer. 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 of rehabilitation. 3. 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. 4. That all other information requested by the developer has been submitted, and the benefits described in such information can be reasonably expected to result from the proposed described redevelopment or rehabilitation. 5. That the totality of benefits for said redevelopment or rehabilitation is sufficient to justify the deduction. Be it further resolved that the Common Council of the City of jeffersonville hereby approves the application for deduction presented by the Statement of Benefits filed by Eagle Steel Products, Inc. and that said developer shall be entitled to deductions for a period of five (5) years for manufacturing equipment commencing with the filing and perfection thereof with the Clark County Auditor's Office. Passed and adopted this ~ J day of ~, , 1995, by the Common Council of the City of jeffersonville, Clark County, ~E~S-i~ ~OMM0~ COUNCIL ATTEST: R ENC R, J CLERK-TREASURER u ~ Presented by me as Clerk-Treasurer to the Mayor of the City of jeffersonville, Indiana, this day of . 1995. ~~. RICHARD SPENCER, ~ CLERK - TREASURE~ Approved and signed by me this __ 1995.