1. RESOLUTION 03-2014
    2. RESOLUTION QUALIFYING REAL ESTATE IMPROVEMENTS AND
    3. NEW EQUIPMENT FOR PROPERTY TAX PHASE-IN
    4. RESOLUTION 03-2014
    5. RESOLUTION QUALIFYING REAL ESTATE IMPROVEMENTS AND
    6. NEW EQUIPMENT FOR PROPERTY TAX PHASE-IN
    7.        James Finchum, Council Member
    8. ATTEST:
    9. __________________________
    10. Patricia Miller, Clerk-Treasurer
    11. __________________, 2014.
    12.        PATRICIA MILLER
    13.        Clerk-Treasurer
    14. APPROVED AND SIGNED by me this _________ day of ____________________, 2014.
    15.        ______________________________
    16.        NORMAN E. YODER, Mayor
    17. VOTING    AYE       NAY

1st Reading________________
2nd Reading________________

 
 
   1ST Reading ______________
   2nd Reading ______________
 

Received 02.23.2014
Clerk-Treasurer email
 
 
 



RESOLUTION 03-2014



RESOLUTION QUALIFYING REAL ESTATE IMPROVEMENTS AND



NEW EQUIPMENT FOR PROPERTY TAX PHASE-IN
 
Summary
 

  The attached resolution grants tax phase-in to SHILOH DIE CAST MIDWEST, LLC for certain real estate improvements and equipment.
  The attached resolution establishes that certain equipment and real estate improvements are to be installed or located within an economic revitalization area.
 Further, the resolution allows for SHILOH DIE CAST MIDWEST, LLC to receive tax phase-in as follows:
Five (5) years for Real Estate improvements with a value of $270,000.00.
Five (5) years for new manufacturing equipment with a value of $2,520,930.00.
  
The resolution also sets forth that the Clerk-Treasurer will file a certified copy of this same resolution with the appropriate County Offices of DeKalb County, Indiana.

 

____________ Recorder’s Office      ____x___ Publish Public Hearing
_______x_____ Auditor’s Office      __________________________
____________ Clerk’s Office      ____x__ Publish O/R after adoption
_______x_____ Other: Assessor        ______________________________
     _________________
     _________________
     _________________
 
 



RESOLUTION 03-2014
 



RESOLUTION QUALIFYING REAL ESTATE IMPROVEMENTS AND



NEW EQUIPMENT FOR PROPERTY TAX PHASE-IN
 
 
 

WHEREAS, the Common Council of the City of Auburn, Indiana, has approved of economic revitalization and tax phase-in pursuant to the provisions of Indiana Code, I.C. 6-1.1-12.1 et seq. and has enacted ordinance number 86-22 to implement economic revitalization and tax phase-in pursuant to this statute;
 WHEREAS, SHILOH DIECAST MIDWEST, LLC has filed an application for tax phase-in for the real estate improvements and new manufacturing equipment pursuant to said statute and ordinance which application was filed on February 5, 2014.
 WHEREAS, said application has been reviewed by the Committee of the Common Council with a do-pass recommendation and the applicant has paid the required filing fees;
 
     NOW, THEREFORE, BE IT RESOLVED BY THE COMMON COUNCIL OF THE CITY OF AUBURN, DEKALB COUNTY, INDIANA, THAT:

1. AREA INCLUDED IN ECONOMIC REVITALIZATION AREA It is hereby declared that the following described real estate, situate in DeKalb County, State of Indiana, to-wit:

Part of the Southwest Quarter of Section 31, Township 34 North, Range 13 East, DeKalb County, Indiana, more particularly described as follows:
 
Beginning at the intersection of the North line of the Southwest
Quarter of Section 31, Township 34 North, Range 13 East, DeKalb County, Indiana, and the centerline of the Grandstaff Ditch, said intersection being 75 feet East of the Northwest corner of the Southwest Quarter of Section 31, Township 34 North, Range 13 East; thence East along the North line of the Southwest Quarter of Section 31, Township 34 North, Range 13 East, a distance of 930.0 feet; thence South with a deflection angle to the right of 90 degrees 52 minutes 30 seconds a distance of 615.0 feet; thence West with a deflection angle to the right of 89 degrees 07 minutes 30 seconds a distance of 930.0 feet to the centerline of the Grandstaff Ditch; thence North with a deflection angle to the right of 90 degrees 52 minutes 30 seconds along the centerline of the Grandstaff Ditch, a distance of 615.0 feet to the point of beginning, containing 13.13 acres.
 
PRESENTLY AND COMMONLY KNOWN AS 1200 Power Drive, Auburn, Indiana, 46706.
 
is hereby declared an “economic revitalization area” as that phrase is used and defined in the above cited statute and ordinance, in that the subject real estate has been “undesirable for, or impossible of, normal development and occupancy” inasmuch as the land has been underutilized and void of development, which factors have impaired values and prevented an efficient normal use of the subject property. In the alternative, the area described above is within the corporate limits of the City of Auburn, Indiana and has become undesirable for, or impossible of, normal development and occupancy because of a lack of development, cessation of growth, deteriation of improvements or character of occupancy, age, obsolescence, substandard buildings, or other factors which have impaired values or prevent a normal development of property or use of property. The Term ‘economic revitalization area’ also includes: Any area where a facility or a group of facilities that are technologically, economically, or energy obsolete are located and where the obsolescence may lead to a decline in employment and tax revenues.
 2.  FINDINGS It is hereby found:

(A) The estimate of the value of the redevelopment or rehabilitation is reasonable for the projects of that nature.
(B) The estimate of the number of individuals who will be employed or whose employment will be retained can be reasonably expected to result from the proposed described redevelopment or rehabilitation.
(C) 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.
(D) There are other benefits about which information was requested and those benefits can be reasonably expected to result from the proposed described redevelopment or rehabilitation.
(E) The totality of benefits is sufficient to justify the deduction.
3. NEW MANUFACTURING EQUIPMENT IS ELIGIBLE That the Common Council of the City of Auburn hereby resolves and declares that the new manufacturing equipment described in the Statement of Benefits, Form SB-1, be hereafter eligible for property tax phase-in pursuant to the provisions of the above statute and ordinance. That the Common Council of the City of Auburn, Indiana, finds that the new equipment described in the application valued at $2,520,930.00 is dedicated for use as manufacturing.
4. REAL ESTATE IMPROVEMENT IS ELIGIBLE That the Common Council of the City of Auburn hereby resolves and declares that the real estate improvement described in the Statement of Benefits, Form SB-1, be hereafter eligible for property tax phase-in pursuant to the provisions of the above statute and ordinance. That the Common Council of the City of Auburn, Indiana, finds that the real estate improvement described in the application valued at $270,000.00 is dedicated for use of real estate improvement.
5. EFFECTIVE DATE This resolution shall be effective upon its passage subject to the notice and hearing provisions of Indiana Code, I.C. 6-1.1-12.1-2.5. The tax phase-in shall be effective from and after the date the Statement of Benefits was filed, which was February 4, 2014. The hearing contemplated by said statute was held at the time and the place designated for a regular meeting of the Common Council of the City of Auburn, Indiana, on the March 18, 2014, at the City Hall Council Chambers, 210 East 9th Street in Auburn, Indiana, at 6:00 p.m. At such meeting the Common Council took final action in determining whether the qualifications for real estate improvements and new manufacturing equipment have been met and the Common Council will then confirm, modify or rescind this original resolution. Such determination and final action by the Council shall be binding upon all affected parties, subject to the appeal procedures contemplated by Indiana Code, I.C. 6-1.1-12.1-1, et seq.
6. PHASE-IN PERIOD That the Common Council of the City of Auburn further resolves and declares that the application shall receive tax phase-in on real estate improvements for five (5) years and new manufacturing equipment for five (5) years. Should this Auburn facility of the applicant close and/or cease operations during the phase-in period any phase-in of taxes gained by this resolution ceases and applicant will immediately pay back any and all taxes abated by this resolution. By accepting tax phase-in, applicant hereby agrees to be bound by the terms hereof.
7. ON SITE INSPECTION Upon installation of the new equipment that is to receive tax phase-in the recipient shall notify the Clerk-Treasurer of the City of Auburn of the installation. Thereafter the recipient shall allow the City to inspect the equipment to insure compliance on an annual basis throughout the period of phase-in.
8. FILING WITH DEKALB COUNTY AUTHORITIES Upon the adoption of this resolution the Clerk-Treasurer of the City of Auburn, Indiana, shall cause a certified copy of this resolution to be filed with the appropriate County Offices of DeKalb County, Indiana.

 
ADOPTED BY THE COMMON COUNCIL OF THE CITY OF AUBURN, INDIANA, ON THE ____ DAY OF _____________________, 2014.
 
             ______________________________



             James Finchum, Council Member



ATTEST:
 



__________________________



Patricia Miller, Clerk-Treasurer
 
Presented by me to the Mayor of the City of Auburn, Indiana, this ___________ day of
 



__________________, 2014.
             ______________________________



             PATRICIA MILLER



             Clerk-Treasurer
 
 



APPROVED AND SIGNED by me this _________ day of ____________________, 2014.
 



             ______________________________



             NORMAN E. YODER, Mayor
 



VOTING        AYE              NAY
Denny Ketzenberger
 
Kevin Webb
 
David Painter
 
Matthew Kruse
 
James Finchum
 
Michael Watson
 
Michael Walter

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