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HomeMy WebLinkAbout2014-R-2BEFORE THE COMMON COUNCIL FOR THE CITY OF JEFFERSONVILLE, INDINAA RESOLUTION NO. 2014-R- SZ_ RESOLUTION APPROVING STATEMENT OF BENEFIT FOR PROPOSED PERSONAL PROPERTY TAX ABATEMENT WHEREAS, PGP Corporation alba Voss Clark petitioned the Common Council of the City of Jeffersonville, Indiana, for a deduction in personal property taxes to be assessed on a proposed improvements, to be generally located at Port of Indiana in the City of -Jeffersonville, Clark County, Indiana; and WHEREAS, PGP Corporation dba Voss Clark has submitted a Statement of Benefits on the form prescribed by the Indiana State Board of Tax Commissioners for personal property, which statements includes a description of the proposed improvements, an estimate of the number of individuals who will be employed as a result of -the improvements, an estimate of the annual salaries of these individuals, and an estimate of the value of the improvements; and WHEREAS, the Common Council of the City of Jeffersonville has previously determined that the area in which the proposed improvement project is located in the City of -Jeffersonville qualifies as an economic revitalization area pursuant to Indiana Code 6- 1 .1-1 2. 1 -5, et seq.; and WHEREAS, the Redevelopment Commission of the City of Jeffersonville has made a favorable recommendation for approval of the Statement of Benefits; and WHEREAS, the Common Council has reviewed the Statement of Benefits and its attachment "A" submitted herein, and attaches and incorporates the Statement of Benefits submitted herein, and attaches and incorporates the attachment "A" to this Resolution. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of Jeffersonville, Indiana, that it specifically and affirmatively find as follows: 1. That the estimate value of the qualifying personal property improvement of $12,000,000.00 is reasonable for projects of the nature described in the Statement of Benefits submitted by the company. 2. That the estimate of the number of 132 individuals who are employed can reasonably be expected to be retained as a result of the proposed described redevelopment or rehabilitation. 3. That the estimate of the annual salaries of $8,500,000.00 of those individuals who will be retained can be reasonably expected to result from the proposed described redevelopment or rehabilitation. 4. That the taxes lessened from the granting of this abatement shall be for improvements in personal property up to the value of $12,000,000.00. 5. That all other information requested from PGP Corporation dba Voss Clark has been submitted, and the benefits described in such information can be reasonably expected to result from the proposed described redevelopment. 6. That the totality of benefits for said redevelopment or rehabilitation is sufficient to justify the deduction. 7. That Voss Clark has agreed to the payment of a fee of 10% of the annual benefit of the abatement of the Jeffersonville City Council annually as described in I.C. 6-1.1-12.1-14. BE IT FURTHER RESOLVED, that the Common Council of the City of Jeffersonville, Indiana, hereby approves the application for deduction presented by the Statement of Benefits filed by PGP Corporation dba Voss Clark and that said company shall be entitled to deduction for a period of FIVE (5) years for personal property pursuant to provisions of I.C. 6-1.1-12.1-3(d), with the timely filing and perfection thereof with the Clark County Auditor's office. This Resolution shall be in full force and effect from and after its passage and approval. Passed this 3 day of 04 , 2014. VOTED FOR: VOTED AGAINST: Passed and adopted by the Common Council of the City of Jeffersonville, Clark County, Indiana on this 5 day of ' _I y , 2014. Ai // i ennis Juliu : resident ATTEST: i' Vicki Conlin, Clerk Presented by me as Clerk to the Mayor of said City of Jeffersonville this day of n ,`•1 ���� �.� � , 2014. This Resolution approved and signed by me this 2014. Vicki Contin, Clerk of 1�%',),,/ Kil This Resolution vetoed by me this day of Mik- Moore, Ma or , 2014. Mike Moore, Mayor ATTACHMENT TO THE STATEMENT OF BENEFITS FOR PGP Corporation dba Voss Clark February 3, 2014 The council will grant a 5 -year abatement on $12,000,000.00 in personal property as allowed by state statute. The company will provide jobs and salaries as specified in the SB -1 and any attachment thereto. The "salaries" on the SB -1 is agreed to mean base hourly wages, without overtime or benefits, times 2080 hours per year for the number of employees as indicated in Section 3 of the SB -1. It is the expectation of the council that the company will retain the number of employees and average wages specified on the SB -1 within five (5) years of the date of the certificate of occupancy. The company understands that this abatement is being offered based upon those jobs and wages. If the company fails to substantially maintain those numbers over the life of the abatement, the council may as provided by law rescind this abatement. The company agrees to make available any and all information the council deems necessary to verify compliance. The company agrees to pay an annual fee of 10% as described in Indiana Code 6-1.1- 12.1-14. PGP CORPORATION DBA VOSS CLARK By: Printed: Title: