HomeMy WebLinkAbout1991-R-20 ESOLU O ApP OW G
purposes
WHEREAS, the Apollo America Corporation has petitioned the
Common Council of the city of jeffersonville, Indiana, for a
deduction in real property and personal property taxes to be
assessed on proposed improvements to be made and equipment in the
Clark Maritime Centre, located in the city of jeffersonville,
Clark County, Indiana; and
WHEREAS, the Apollo America Corporation 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 redevelopment, 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 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 et seq., and ResolUtion 89-R-32 and Confirming
Resolution 89-R-39; and
WHEREAS, the Common Council
Benefits submitted herein, and
has reviewed the Statement of
attaches and incorporates that
Statement to this Resolution.
NOW,
city of
finds as
1.
THEREFORE, BE IT RESOLVED by the Common Council of the
jeffersonville that it specifically and affirmatively
follows:
That the estimate of the value of the redevelopment or
rehabilitation is reasonable for projects of the nature
described in the Statement of Benefits submitted by the
developer.
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 %he proposed described
redevelopment or 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 from Apollo America
Corporation 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 the Apollo America
Corporation and that said developer shall be entitled to
deductions for a period of ten (10) years for improvements to real
property, pursuant to the provisions of I.C. 6-1.1-12-3(d) and
I.C. 6-1.1-12.1-4(d) (3),
to I.C. 6-1.1-12.1-4-5, with the timely filing and
thereof with the clark County Auditor's office.
Passed and adopted this ~-7 day of _~'~-~
by the common Council of the City of jeffersonville,
and five (5) years for eqllipment pursuant
perfection
, 1991,
Clark county,
Indiana.
Attest:
~. Richard Spencer, ~r.
Clerk-Treasurer
p~sident, common c
of
1991.
Presented by me as Clerk-Treasurer to the Mayor of the city
jeffersonville, Indiana, this 2-7 day of ~r~___~,
Richard Spencer, ~-
Clerk-Treasurer
Approved and signed by me this
1991.
Mayor Dale L. Orem