HomeMy WebLinkAbout2016-R-4BEFORE THE COMMON COUNCIL
FOR THE CITY OF JEFFERSONVILLE INDIANA
RESOLUTION NO. 2016-R- I
RESOLUTION APPROVING STATEMENT OF BENEFIT FOR
PROPOSED REAL PROPERTY TAX ABATEMENT
WHEREAS, Koetter Five Star Properties Indiana, LLC petitioned the
Common Council of the City of Jeffersonville, Indiana, for a deduction in real property
taxes to be assessed on a proposed redevelopment of property, including the construction
and buildings and related improvements, to be generally located at 4500 Town Center
Boulevard located in the City of Jeffersonville, Clark County, Indiana; and
WHEREAS, Koetter Five Star Properties Indiana, LLC, has submitted a
Statement of Benefits on the form prescribed by the Indiana State Board of Tax
Commissioners for real property, 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 developed, 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 area pursuant to Indiana
Code 6-1.1-12.1-5, 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.
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 Koetter Five Star Properties Indiana, LLC, and
that said company shall be entitled to deduction for a period of TEN (10) years for
improvements to real 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 ') day of M ax.ch , 2016.
VOTED AGAINST:
Passed and adopted by the Common Council of the City of Jeffersonville, Clark
County, Indiana on this 2 day of 4i , 2016.
�AP2P
Matt 0 - , 'IlYsident
VIZ
Vicki Conlin, Clerk
Presented by me as Clerk to the Mayor of said City of Jeffersonville this 0 day of
,2016.
This Resolution approved and signed by me this
2016.
This Resolution vetoed by me thi day of _
Vicki Conlin, Clerk
Mik- Moore, May
2016.
Mike Moore, Mayor
BEFORE THE JEFFERSONVILLE REDEVELOPMENT COMMISSION
STATE OF INDIANA
A RESOLUTION RECOMMENDING TO THE COMMON COUNCIL
APPLICATION FOR TAX ABATEMENT FOR
KOETTER FIVE STAR PROPERTIES INDIANA, LLC
RESOLUTION NO. 2016-R- 3
WHEREAS, Koetter Five Star Properties Indiana, LLC has made application for tax
abatement from the City of Jeffersonville, Indiana;
WHEREAS, the Common Council is the designating body for approving such
applications;
WHEREAS, said application requires review by the Jeffersonville Redevelopment
Commission.
NOW, THEREFORE, BE IT RESOLVED BY THE JEFFERSONVILLE
REDEVELOPMENT COMMISSION THAT:
1. The Jeffersonville Redevelopment Commission has reviewed the attached
"Statement of Benefits" for Real Property; and
2. The Jeffersonville Redevelopment Commission hereby recommends to the
Common Council the application for tax abatement for Koetter Five Star Properties Indiana,
LLC
Adopted at a meeting of the Jeffersonville Redevelopment Commission held the 24-,
day of FeIcttar1 , 2016.
JEFFERSONVILLE REDEVELOPMENT
COMMISSION
Presid
I/2961557.1
ATTACHMENT TO THE STATEMENT OF BENEFITS
FOR KOETTER FIVE STAR PROPERTIES INDIANA, LLC
Mcuc3 , 2016
The council will grant a 10 -year abatement on $ 5,300,000.00 in real 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 reach
the number of employees and average wages specified on the SB -1 within five 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
reach those numbers or fails to 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.
KOETTER FIVE STAR PROPERTIES INDIANA, LLC
By:
4L,
Printed:
oirp 4(H 44--4-4
Title: ��
STATEMENT OF BENEFITS
REAL ESTATE IMPROVEMENTS
State Form 51767 (R5 / 12-13)
lets Prescribed by the Department of Local Government Finance
This statement is being completed for real property that qualifies under the following Indiana Code (check one box):
❑ Redevelopment or rehabilitation of real estato improvements (IC 6-1.1-12.1-4)
❑ Residentially distressed area (IC 6.1.1-12.1-4.1)
INSTRUCTIONS:
20PAY 20_
FORM SB -1 /Real Property
PRIVACY NOTICE
Any information concerning the cosi
of the property and specific salaries
paid to individual employees by the
property owner Is confidential per
IC 6.1.1-12.1.5.1,
1. This statement must be submitted to the body designating the Economic Revitalization Area prior to the public hearing if the designating body requires
information from the applicant In making its decision about whether to designate an Economic Revitalization Area. Otherwise, this statement must be
submitted lo the designating body BEFORE the redevelopment or rehabilitation of real properly for which the person wishes to claim a deduction.
2. The statement of benefits form must be submitted to the designating body and the area designated on economic revitalization area before the initiation of
the redevelopment or rehabilitation for which the person desires to claim a deduction.
3. To obtain a deduction, a Form 322/RE must be filed with the County Auditor before May 10 in the year in which the addition to assessed valuation is
made or not later than thirty (30) days after the assessment notice is mailed to the property owner if it was mailed after April 10. A properly owner who
failed to file a doduction application within the prescribed deadline may file an application between March 1 and May 10 of a subsequent year.
4. A property owner who tilos for tho deduction must provide the County Auditor and designating body with a Form CF-1/Real Property. The Form CF-1/Real
Property should be attached to the Form 322/RE when the deduction is first claimed and then updated annually for each year the deduction is applicable.
IC 6-1.1-12.1-5.1(b)
5. For a Form SB-1/Real Property that is approved after June 30, 2013, the designating body is required to establish an abatement schedule for each
deduction allowed. For a Form SB-1/Real Property that is approved prior to July 1, 2013, the abatement schedule approved by the designating body
remains In effect. IC 6-1.1-12.1-17
SECTION 1 TAXPAYER INFORMATION
Name of taxpayer
lc•'tRW--- 6 vt3 srae— za- t.3 61 +Dl*kk t C.VC._.-
Address of taxpayer (number end street, city, state, and ZIP code)
i'51 s RA=E- AbflptZ I2 -t. . F't.-./ito pb-rocs.5 r, Xt4 .4-7
t NI,
Name of contact porsot f Telephone number Cron,
(rib -1 rTL1-v��^
(/IL) et v5-Q$4G
SECTION 2 LOCATION AND DESCRIPTION OF PROPOSED PROJECT
Name of designating body
E-mail address
de."14-oerttt,octgaRa
Resolution number
Location of properly
445'x-® M1444 C cxa-vfi--z. t5c-vttb
County
G K*
DLGF lasing district number
Description of real property improvements, redevelopment, or rehabilitationuse additional sheets if necessary)
3 41 � 5 t- , 1- s -y tG-,-t, rehabilitation(
I�2y
Estimated start date (month, day, year)
1144000 �rj( Za t t o
G ( AVL)$ A`' a F'.C�.Qy4-c C•
Estimated completion date (month, day, yore)
SECTION 3
Current number
till
SECTION 4
ESTIMATE OF EMPLOYEES
Salaries
JI 7 /N 311 �a ^
ESTIMATED
AND SALARIES
Number retained
1.
TOTAL COST AND
AS RESULT OF PROPOSED PROJECT
Salaries Number additional
~
30-3 1 o . I :5
VALUE OF PROPOSED PROJECT
REAL ESTATE IMPROVEMENTS
Salaries
4) 'No I c
COST
ASSESSED VALUE
Current values
,_,,... e, ....-+
v
ii.. --•Plus
estimated values of proposed project
si ,‘,0, eve
Less values of any properly being replaced
ep « --•
Net estimated values upon completion of project
/ 0 0 , -
SECTION 5 WASTE CONVERTED AND OTHER
BENEFITS PROMISED BY THE TAXPAYER
Estimated solid waste converted (pounds) ''r 0.. --
.,.".
Estimated hazardous waste converted
(pounds)
Other benefits
SECTION 6 TAXPAYER CERTIFICATION
I hereby certify that the representations in this statement are true.
Signaler of lhorfzadresent live
Date signed (month, day, year)
Prime erne of authorized representative
.Je!14b4 C • w,4{-4-4,1
Title
PlAtiEmi2 CAP ADI ,tae t,
Page 1 of 2
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 real estate improvement of
$5,300,000.00 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 41 individuals who will be retained can
reasonably be expected to result from the proposed described redevelopment or
rehabilitation.
3. That the estimate of the annual salaries of 13 of those individuals who will be
added 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 real estate up to the value of $ 5,300,000.00.
5. That all other information requested from Koetter Five Star Properties Indiana,
LLC 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 is sufficient to justify the
deduction.
7. That Koetter Five Star Properties Indiana, LLC 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.
FOR USE OF THE DESIGNATING BODY
We find that the applicant meets the general standards in the resolution adopted or to be adopted by this body. Said resolution, passed or to be passed
under IC 6-1.1-12.1, provides for the following limitations:
A. The designated arca has been limited to a period of time not to exceed 10 calendar years' (see below). The date this designation
expires is /O.-1-,
B. The type of deduction that is allowed in the designated area is limited to:
1. Redevelopment or rehabilitation of real estate improvements 0 Yes
2. Residentially distressed areas 0 Yes
C. The amou` - on„ ricable is limited to $ 51300, 60 O .
D. Other limit
SIGNacify)
E. Number of HERE Year 1
Year G
F. For statement
es 0
If yes, attach a
If no, the cja
We have also reviowetl lh
determined that (b Jo(ality
Approve/ igna o and !ir j f nu z
Printed na re of , . bur of designating body
171 K[he O Dwe n Coca (Ic (1 PreSi ek A
Attested by (signature and title olattester)
❑ No
0 No
❑ Year 2
❑ Year 7
F.1 Year 3
❑ Year 8
❑ Year 4
❑ Year 9
❑ Year 5 (" see below)
)ear 10
approved after June 30, 2013, did this designating body adopt an abatement schedule per IC 6-1.1-12.1-17?
attatement schedule to this form.
squired to establish an abatement schedule before the deduction can be determined.
trnalioh.contained in the statement of benefits and find that the estimates and expectations ore reasonable and have
.Ifertellis'is'sufficient to justify the deduction described above.
orizod member of designating body)
Telephone number
(SO ) dS5 I L ')
Name of designating body
��° ersonvJ11e-C,;1 / COr', fic-,L
Printed name of attester 11
Date signed (month, day, year)
" If the designating body limits the time period during which an area is an economic revitalization area, that limitation does not limit the length of time a
taxpayer is entitled to receive a deduction to a number of years that is less than the number of years designated under IC 6-1.1-12.1-17.
A. For residentially distressed areas where the Form SB-1/Real Property was approved prior to July 1, 2013, the deductions established in IC
6-1.1-12.1-4-1 remain in effect, The deduction period niay not exceed five (5) years. For a Form SB-1/Real Property that is approved after June 30,
2013, the designating body is required to establish an abatement schedule for each deduction allowed. The deduction period may not exceed ten
(10) years. (See IC 6-1.1-12.1-17 below.)
B. For the redevelopment or rehabilitation of real properly where the Form SB-1/Real Property was approved prior to July 1, 2013, the abatement
schedule approved by the designating body remains in effect. For a Form SB-1/Real Property that is approved after June 30, 2013, the designating
body is required to establish an abatement schedule for each deduction allowed. (See IC 6-1.1-12.1-17 below.)
IC 6-1.1-12..1-17
Abatement schedules
Sec. 17. (a) A designating body may provide to a business that Is established in or relocated to a revitalization area and that receives a deduction under
section 4 or 4.5 of Ibis chapter an abatement schedule based on the following factors:
(1) The total amount of the taxpayer's investment in real and personal property.
(2) The number of new full-time equivalent jobs created.
(3) The average wage of the new employees compared to the state minimum wage.
(4) The Infrastructure requirernents for the taxpayer's investment.
(b) This subsection applies to a statement of benefits approved after June 30, 2013, A designating body shall establish an abatement schedule
for each deduction allowed under this chapter. An abatement schedule must specify the percentage amount of the deduction for each year of
the deduction. An abatement schedule niay not exceed ten (10) years.
(c) An abatement schedule approved for a particular taxpayer before July 1, 2013, remains In effect until the abatement schedule expires under
the terms of the resolution approving the taxpayer's statement of benefits.
Page 2 of 2
ABATEMENT SCHEDULE EXHIBIT
Real Property
Year 1. -100% exempt
Year 2-95% exempt
Year 3-80% exempt
Year 4- 65% exempt
Year 5- 50% exempt
Year 6-40% exempt
Year 7- 30% exempt
Year 8-20% exempt
Year 9- 10% exempt
Year 10-5% exempt
Year 1.1- first year of
full property tax
payment
EXHIBIT "A"
GUIDELINES AND PRINCIPLES FOR CONSIDERATION OF
PROPERTY TAX PHASE-IN (TAX ABATEMENT)
IN JEFFERSONVILLE, INDIANA
The City of Jeffersonville, within Clark County, Indiana, welcomes and encourages business growth and
economic development. City officials strive to work in a collaborative manner with representatives and
agencies of the State of Indiana, members of the business and civic community, and other partners to
attract new companies and retain existing ones. The City of Jeffersonville values providing an
environment in which businesses and residents may thrive and prosper.
Property tax abatement is authorized under Indiana Code 6-1.1 1-12.1 et seq in the form of deductions
from assessed valuation. Any company or project requesting tax abatement(s) from the City of
Jeffersonville must meet all criteria under the law.
The City of Jeffersonville is guided by 10 principle beliefs, or factors, concerning economic development
and business growth, and they are provided below for review by prospective tax abatement applicants.
These principles are among the considerations the city council bears in mind as it evaluates requests for
tax abatement; the responses companies provide to the city regarding these factors assist the city
council in determining the length and scale of any abatement it may grant:
1. Firms receiving tax abatement are expected to give local construction firms and local suppliers
of goods and services opportunities to do business whenever possible.
2. Firms that create a technology-based product or service or use advanced technology in
manufacturing will be given a higher priority.
3. The number of jobs retained and/or created per dollar of investment will be an important
consideration.
4. The level of wages and benefits will be a highly important consideration for all applications.
5. Projects that will require variances, special exceptions and/or exemptions will require additional
review.
6. Adverse environmental impacts will negatively affect the consideration of abatement.
7. Any need for additional public infrastructure or other additional public support for the project
will be considered in determining the length and scale of the abatement. Support of additional
infrastructure will be considered as a local incentive to the applicant.
8. The time period of depreciation of equipment will be considered in the length of and scale of
any abatement for personal property (equipment, machinery).
9. In the event the Economic Revitalization Area (ERA) is terminated because the property is
removed from the city, the city council may require the company to repay the city all or a
portion of the personal property tax savings the company realized as a result of the ERA
designation.
10. A limited tax abatement may be considered in a Tax Increment Finance (TIF) District.
In addition, the city council may deviate from these 10 principles and grant more or less tax abatement
for longer or shorter periods of time (but not to exceed 10 years) on a case-by-case basis, as long as all
requirements of Indiana law are met. The city council may, in its sole discretion, determine that certain
projects should not receive any tax abatement, no matter the outcome using the schedules outlined in
this document.
GUIDELINES FOR CONSIDERATION OF PROPERTY TAX ABATEMENT
JEFFERSONVILLE, INDIANA
Projects will be considered for abatement only if:
1. The company/project meets all of the criteria set forth under I.C. 6-1.1 1-12.1 et seq in the form
of deductions from assessed valuation.
2. The proposed new investment includes at least $1 million of real property and/or personal
property that qualifies for tax abatement.
3. Construction has not begun and/or equipment has not been ordered or the equipment will be
new to the State of Indiana.
4. In addition, if the applicant is not the company, authorization of the application must be
obtained from the company.
1
TAX ABATEMENT APPLICATION SCORE SHEET
Applicant Name:
Todd Stocksdale
Application Date: 02-08-16
Company:
Assured Partners NL
Street Address:
2325 Green Valley Road, Suite 205
City, State, ZIP:
New Albany, Indiana 47150
Phone:
812-941-4110 Email:
Todd.Stocksdale@assuredptrnl.com
Company Name:
(if different from applicant):
Assured Partners NL
Street Address:
(see above)
City, State, ZIP:
Website:
www.assuredptrnl.com
Street Address of Project
Location:
City, State, ZIP:
Project Description:
4500 Town Center Blvd.
Jeffersonville, IN 47130
Construction of a new corporate regional office.
Page 2 of 9
Effective as of 10-26-15
PROJECT COMPOSITION: (6 points possible). If more than one scenario applies, use only
the scenario with the highest point value.
applies, use only the
POINTS
POINTS
Personal Property Improvements
Existing Facility — new office addition
2
Real Property Improvements
8
4
Personal Property and Real Property Improvements
Existing Facility — addition of manufacturing/warehousing
space
6
New Research & Development Facility
SCORE
4
ACTIVITY DETAIL: (18 points possible). If more than one scenario
scenario with the highest point value.
applies, use only the
POINTS
Location will NOT reactivate a vacant facility
POINTS
Existing Facility — new office addition
6
Existing Facility — expanding or upgrading existing product
line
8
Existing Facility — adding new product line
10
Existing Facility — addition of manufacturing/warehousing
space
12
New Research & Development Facility
14
New Corporate Regional Office or Headquarters Building
16
New Industrial (manufacturing), Warehousing or Logistics
Facility
18
SCORE
16
EXISTING VACANT STRUCTURE: (15 points possible). Will this project reactivate a facility
that has been vacant for at least 12 months?
points possible). What is the total capital
the applicable scenario with the highest point
POINTS
Location will NOT reactivate a vacant facility
0
Location WILL reactivate a vacant facility
15
SCORE
0
PROJECT CAPITAL INVESTMENT: (20
investment for this project? Use only
points possible). What is the total capital
the applicable scenario with the highest point
value.
POINTS
$1 million — $4,999,999
10
$5 million — $9,999,999
15
$10 million or more
20
SCORE
15
Page 3 of 9
Effective as of 10-26-15
JOB RETENTION: (14 points possible). How many full-time
result of this project? Use only the applicable scenario with
positions will be retained as a
the highest point value.
scenario with the highest
POINTS
1— 9 retained jobs
2 times current minimum wage
2
10 —19 retained jobs
2.5 times current minimum wage
4
20 — 29 retained jobs
3 times current minimum wage
6
30 — 49 retained jobs
3.5 times current minimum wage
8
50 — 99 retained jobs
4 times current minimum wage
10
100 — 499 retained jobs
4.5 times current minimum wage
12
500 or more retained jobs
5 times current minimum wage (or higher)
14
500 or more retained jobs
SCORE
8
NEW JOB CREATION: (14 points possible).
created as a result of this project? Use
point value.
How many net new full-time positions will be
only the applicable
scenario with the highest
POINTS
2 times current minimum wage
POINTS
1— 9 new jobs
2.5 times current minimum wage
2
10 —19 new jobs
3 times current minimum wage
4
20 — 29 new jobs
3.5 times current minimum wage
6
30 — 49 new jobs
4 times current minimum wage
8
50 — 99 new jobs
4.5 times current minimum wage
10
100 — 499 new jobs
5 times current minimum wage (or higher)
12
500 or more retained jobs
14
14
SCORE
4
AVERAGE WAGE: (14 points possible). Utilizing the average
positions for this project and using the current state minimum
does the average wage of this project compare to the current
the applicable scenario with the highest point value.
wage of all full-time
wage as a benchmark, how
minimum wage? Use only
POINTS
2 times current minimum wage
2
2.5 times current minimum wage
4
3 times current minimum wage
6
3.5 times current minimum wage
8
4 times current minimum wage
10
4.5 times current minimum wage
12
5 times current minimum wage (or higher)
14
SCORE
14
Page 4 of 9
Effective as of 10-26-15
EMPLOYER-SPONSORED HEALTH AND WELLNESS BENEFITS: (5 points possible). Will the
company provide employer-sponsored health and wellness benefits at this location?
of your employees' total
scenario with the
POINTS
Location will NOT provide employer-sponsored health and
wellness benefits at this location
0
Location WILL provide employer-sponsored health and
wellness benefits at this location
5
SCORE
5
WORKPLACE WELLNESS: (5 points possible). Will the company encourage and promote
workplace wellness through employee participation in exercise and healthy living
programs?
of your employees' total
scenario with the
POINTS
Company will NOT promote workplace wellness through
employee participation in exercise and healthy living
programs
0
Company WILL promote workplace wellness through
employee participation in exercise and healthy living
programs
5
SCORE
5
EMPLOYER-SPONSORED RETIREMENT PLAN: (5 points possible). Will the company
provide an employer-sponsored retirement plan at this location?
of your employees' total
scenario with the
highest point value.
POINTS
Company will NOT provide an employer-sponsored
retirement plan at this location
0%
0
Company WILL provide an employer-sponsored
retirement plan at this location
2
5
4
SCORE
5
BENEFITS PACKAGE: (8 points possible). What percentage
compensation package are fringe benefits? Use only the applicable
of your employees' total
scenario with the
highest point value.
POINTS
0%
0
1-10%
2
11-15 %
4
16 — 20%
6
21— 30% or higher
8
Page 5 of 9
Effective as of 10-26-15
SCORE
4
DIVERSITY: (7 points possible). Will the company have a diversity and inclusion policy in
effect at this location?
Please provide a description of all green technologies to be utilized at this location here:
POINTS
Company will NOT have a diversity and inclusion policy at
this location
0
Company WILL have a diversity and inclusion policy at this
location
7
SCORE
7
GREEN TECHNOLOGY: (7 points possible). Will the company utilize green technology at
this location?
Please provide a description of all green technologies to be utilized at this location here:
POINTS
Company will NOT utilize green technology at this
location
0
Company WILL utilize green technology at this location
7
SCORE
7
GREEN INITIATIVES AND SUSTAINABILITY ACTIVITIES: (7 points possible). Will the
company implement programs designed to support sustainability through employee ride
sharing, public transportation use, on -campus dining options or other initiatives?
Please provide a description of all green initiative programs to be utilized at this
location here:
POINTS
Location will NOT implement green initiative programs
0
Location WILL utilize green initiative programs
7
SCORE
7
Page 6 of 9
Effective as of 10-26-15
COMMUNITY INVOLVEMENT: (20 points possible). The City of Jeffersonville will look
favorably on companies that are involved in the community. The city will consider past
and/or current community involvement of an existing company or proposed community
involvement of a new company. Community involvement may include projects associated
with the city, schools, local non-profit organizations, senior citizens, disadvantaged
individuals or groups, day cares, etc. Community involvement must be documented and
applicable documents attached to this Score Sheet.
Please provide a narrative of community involvement here:
Date:
Z.8 _z0
POINTS
Location will NOT be supporting projects associated with
the city, schools, local non-profit organizations, senior
citizens, disadvantaged individuals or groups, day cares,
etc.
0
Location WILL be supporting projects associated with the
city, schools, local non-profit organizations, senior
citizens, disadvantaged individuals or groups, day cares,
etc.
20
SCORE
20
TOTAL PROJECT SCORE: Please add all above scores together and provide the total below
TOTAL OF ALL ABOVE SCORES
121
SIGNATURES
Signature of Applicant:
e ( J
/0ctC/ A get (AI AZ
-
Date:
Z.8 _z0
(;�
Print Name:
Todd Stocksdale
Signature of Company
Representative:
(if different from applicant):
Date:
Print Name:
Page 7 of 9
Effective as of 10-26-15
GUIDELINE FOR REAL PROPERTY TAX ABATEMENT
TOTAL SCORE
Abatement Year
Abatement Percentage
1-9
1
100%
10 —19
1
100%
7COZ
— o
20 — 29
1
100%
2
75%
3
25%
30-39
1
100%
2
75%
3
50%
4
25%
40 — 49
1
100%
2
100%
3
75%
4
50%
5
25%
50 — 59
1
100%
2
100%
3
80%
4
60%
5
40%
6
20%
60 — 69
1
100%
2
100%
3
90%
4
80%
5
60%
6
40%
7
20%
70 — 79
1
100%
2
100%
3
90%
4
80%
5
70%
6
60%
7
40%
8
20%
80-89
1
100%
2
100%
3
90%
4
80%
5
70%
6
60%
7
50%
8
40%
Page 8 of 9. Effective as of 10-26-15
GUIDELINE FOR PERSONAL PROPERTY TAX ABATEMENT
9
20%
Abatement Percentage
90 — 99
1
100%
2
100%
100%
3
90%
50%
4
80%
1
5
70%
2
6
60%
3
7
50%
80 — 90
8
40%
9
30%
10
20%
100+
1
100%
90+
2
100%
3
95%
4
90%
5
80%
6
70%
7
60%
8
50%
9
40%
10
20%
GUIDELINE FOR PERSONAL PROPERTY TAX ABATEMENT
TOTAL SCORE
Abatement Year
Abatement Percentage
1— 39
1
100%
40 — 59
1
100%
2
50%
60 — 79
1
100%
2
50%
3
40%
80 — 90
1
100%
2
50%
3
40%
4
20%
90+
1
100%
2
50%
3
40%
4
20%
5
10%
Page 9 of 9 Effective as of 10-26-15