HomeMy WebLinkAbout1994-R-25 WHEREAS, Bruce Tatum has petitioned the city Council of the
City of jeffersonville, Indiana, for a deduction in real estate
improvements, building and personal property taxes to be assessed
on the construction of a new industrial complex facility project
at the S & R industrial Park located in the City of
jeffersonville, Clark County, Indiana; and
WHEREAS, Bruce Tatum 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 total costs, 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 cost and value of the real
estate improvements, machinery and equipment; and
wHEREAS, the City Council of the City of jeffersonville has
previously determined that the area in which the proposed project
is located in the City of jeffersonville qualifies as an economic
revitalization area pursuant to Indiana Code 6-1.1-12.~ et seq.,
and Resolution ~ -R- ~7 .; and
WHEREAS, the City Council has reviewed the statement of
Benefits submitted herein, and attaches and incorporates that
statement to this Resolution.
NOW, THEREFORE, BE IT RESOLVED by the C~ty Council of the
City of jeffersonville that it specifically and affirmatively
finds as follows:
1. That the estimate of the value of the machinery and
equipment is reasonable for projects of the nature described
in the Statement of Benefits submitted by the taxpayer.
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 new
manufacturing facility.
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 facility.
4. That all other information requested from Bruce Tatum has
been submitted, and the benefits described in such
information can be reasonably expected to result from the
proposed facility.
5. That the totality of benefits for said facility is
sufficient to justify the deduction.
BE IT FURTHER RESOLVED that the City Council of the City of
jeffersonville hereby approves the application for deduction
presented by the Statement of Benefits filed by Bruce Tatum and
that said taxpayer shall be entitled to deductions for a period
of ten (10) years for real property improvements, machinery and
equipment installed, pursuant to the provisions of I.C. 6-1.~-~2-
3(d) and I.C. 6_1.~-~2.1-4(d)(3), with the timely filing and
perfection thereof with the Clark County Auditor'S office.
passed and adopted this ~-~day of
4994, by the City Council of the city of jeffersonville, Clark
county, Indiana.
~resident, City council
ATTEST:
Clerk-Treasurer
presented to and approve by me this ~ day of July,
1994.
r, Mayor
T3636:3953
TATUM RESOLUTION