County Commissioner Resolutions - June 1996_�; ' `: ` ,. I�.I(
RESOLUTION NO. � S i d��
GIBSOV` COUNTl', INDIANA REDE1'ELOPD•i�NT C017�91SSION
RESOLUTION APPROVING APPLICAT[ON
FOR REAL AND PERSONAL PROPGRTI' TAX DEDUCT[ONS
IN AN ECON0191C REVITALIZATION AREA
�i'HEREAS, on luly 16, 1996, the County Council of the Gibson Counry, Indiana (the
"Council") adopted Resolution No. 1996-3 (the "Resolution") designating the area described in
Exhibit A as an economic revitalization area pursuant to LC. 6-1.1-12.1 (the "Economic
Revitalization Area") and granting real and personal properry ta� abatement in the Economic
Revitalization Area for a period of ten (10) years;
�VHEREAS, Toyota �1oror \9anufacturing, Indiana, Inc. and/or an affiliate thereof and/or
another entiry (collec[ively, thz "Applicant") plan to consvuc[, as described in an Application and
a related Statement of Benefits submitted by the Applicant to the Council, attached herero as Exhibit
B(collectively, the "Application"), an automotive manufactw�ing facility in the Area (the "Project");
�VHEREAS, the Project will consist of: (i) the consvuction on unimproved real estate, of
new structures and other related real estate improvements in the Area (the "Redevelopment") and (ii)
the installation in the Area of tangible personal property to be acquired by the Applicant, as its
owner, for use in the direct production, manufacture, fabrication, ass2mbly, processin�, refining or
finishing of othzr tan�ible personal property, �vhich tangible personal properry has never before used
by its oH�ner for any purpose in Indiana (the "Equipment");
�VHEREAS, by adopting the Resolution, the Council approved and allowed the Applicant
pursuant to I.C. 6-L1-12.1 real and personal properry tax deductions for ten (l0) years for the
Redevelopment and the Equipment located in the Economic Revitalization Area as part of the Project,
as described in the Application;
�VHEREAS, the Gibson Counq�, Indiana Redevelopment Commission (the "Commission")
established an area in Gibson County, Indiana as an allocation area for purposes of I.C. 36-7-14-39
(the "Allocation Area"), and the Economic Rzvitalization Area is located within the boundaries of
the Allocation Area;
�VHEREAS, I.C. 6-I.1-12.1-2Q) provides that if property located in an economic
revitalization area is also located in an ailocation area (as defined in LC. 36-7-14-39 or I.C. 36-7-
15.1-26), an application for the properry tax deduction provided by I.C. 6-L1-12.1-1 et se�c. may
not be approved unless"the commission that desi�nated the allocation area adopts a resolution
approving the appiication;
NHEREAS, I.C. 6-1.1-12.1-� provides that a property o���ner must file certified deduction
applications to obtain propert}� tax deductions �vith rzspect to rehabilitation or redevelopment in an
economic revitalization area, and I.C. 6-I.1-12.1-�.� provides that a person must file certified
deduction applications ro obtain property tax deductions for ne�t� manufacturing equipment installed
in an economic rzvi[alization area (such certified applications being referred ro hereinafter as
"Deduction Applica[ions");
�VHEREAS, the Redevelopment and the Equipment comprising the Project will be located
in both the Economic Revitalization Area and the Allocation Area, and therefore properry tax
aeG�l
deductions with respect to the Redevelopment and the Equipment may not be approved unless the
Commission adopts a resolution approving the Deduction Applications;
�VHEREAS, the Commission has been requested by the Appiicant to approve, pursuant to
I.C. 6-1.1-121-2(1), its applications for properry tax deductions for the Redevelopment and the
Equipment located in the Allocation Area; and
WHEREAS, the Commission has reviewed [he Applica[ion and desires [o [ake ac[ion to
approve, pursuant to I.C. 6-1.1-12.1-2.5(I), properry tax deductions with respect to the
Redevelopment and the Equipment to be located in the Allocation Area;
NOW THEREFORE, BE IT RESOLVED THAT based on the information in the Application
describing the proposed R�oject and the Commission's considzration of other evidence, the
Commission hereby finds that the allo�vance of property tax deductions for the Redevelopment and
the Equipmen[ to be located in both the Economic Revitalization Area and the Allocation Area is of
public utiliry and benefit and is consistent with the findings made and actions taken in the Resolution.
BE IT FURTHER RESOLVED, that, pursuant to I.C. 6-1.1-12.1-2.5(I), the Commission
hereby approves the Application and approves the Deduction Applica[ions ro be filed by [he
Applicant ro claim properry tax deductions with respect to Redevelopment and Equipment located
in both the Economic Revitalization Area and the Allocation Area.
ADOPTED and APPROVED at a meeting of the Gibson Counry, Indiana Redevelopment
Commission held on the 22nd day of July, 1996.
GIBSON COUNTl', 11'DIA\A
REDEVELOP�9E\'T CO\1MISSION
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• � Exhibit B .. •
. y�fl
APPLICATION FOR APPRO�.aL OF
RE.aL a.:\D PERSO\AL PROPER'I�' T.1.1 DEDt�CT10\S
StB�fITTED BY
T01'OTA �lOTOR �t�.\2�F'aCTL7tItiG,
I\'DIA\.�, I\C.
Tois .4pplication for .�poroval oi Real and Personal Propercv Tax Deduc;ions is
submicted to the Gioson Counry Council (the "Council") by Toyota Mo�or 'vfanufaaurine.
lndiana, Inc., ('TtifVf]") and/or an afuliate thezeof and/or anot6er entin• t�at will cobs:rucc
ce: �aia railroad 'unprovements a� part of the P,-oject (as hereinafter defined) (Ttif�fI, such
ariiiates and other entities collec:iveh�, the "AoplicanP'j, pursuant to the pro�isio� ot ItiD.
CODE § 6-1.]-i'_.i-1 et seo., as ameuded. 7'ne follou�ine information is pro�ided in su000r;
ot this .-�ppiication:
Address ot the .�oolicant.
i
To��ota �fotor �f�iiL'iaCiLi:IIE. Ii741a11�, Ii1C.
'_0 �orthuest Tnird Stree:. IOth Floor
Ecans�ille, Indian2 =��1_-l'_'_6
'_. BacLeround oi T�S\fI. Tne T`1>fl is a Linitzd S�aces domestic suos;eiar, ot
To�•ota `4otor Co�oration, a]eadine Japanese motor ��ehicle manut"acturer.
3. Tne Proiect. "I�e .Applicant will corLtruct a venicle assembh� facilin to
produce the .4pplicant's TI00 line of trucks and/or other motor vehicles. When it reaches
full operational capacin�, the facilirv is expected to produce up to 100,000 units annuall�.
Tne project will consist of the construction of a plant building and re!ated real estate
i,-nprovements and the instaliation of new• manufacturing equipment in the buildine (the
"Project"). Cerain ai5liates oi T�1`SI ma�� invest in and/or o�r a portion of the real estate
. . 5��1
imaro�•ements and neu• mar.uiac:urine eeuipmeac as par, oi t��e Projecc. T�t�fI, ar; a;tiiiate.
or ano�he* e�:iry may also cons�n�c; ce:.ain raiiway inorove.�,enu as par, oi the Proie::.
4, T�e Econom.ic Re��talization A; ea and Location ot [he Proiec:. Tne orooe^y
on weic:. tbe P:oier, wiil oe cors,�r.ed (the'P.ope:.y") is anoroxiraaceiy i200 ares oi fand
bou.^.cee on che west oy L�S �i, oouaded on the nor.h by Councy Road ��0 Souch, oounde�±
on che e�� b�� Councy Road 100 East as 1 ex�ended co Couarr Road �:0 Souch. ar.d
bounde� on ,�e souca bv an 3i aae ;:ac: oi prope:�r'.�ow� �s Sc:,u„�eier Far� and a 10.i
2C'� LiaC: OI ,DtODC.'� O`x:7C�i Ov the Tow;� oi For*. Bi?�1G�, OII'x'G1C57 il1C i:721'iLIaC1;:Il2 �lc'[
W111 DZ COiLi^.7C:==�• 1:1� lOC1L10II OI che raiiw�2v improvemeacs 4CSC::02Q 200v� 15 lili"u'S0w'�
3I iiic' v7�52.^.S iliT!0. `L'RC.'II il7Z �OC:iiOi� OI =i!C.: i:::\\',':\' :ii:DiO\'.°.^1Z1i5 :1� DZ�1 C,c.':�.Ti:l:^.�C.
1�i�'il. 3R 3::i113i� Of 3:10IC�d.' :::Ii�'. u�.1Y ��li�Si itll[ iil� DOL'IIC3fiz5 01 :::d :^.OP.O�!C
retii,ai:z�tior. a._� be ame•^•de� :o '.IIClL'CZ iII� t3=1G 0❑ �'i]'.C:i SUCC7 1P:1D(0�'C.^:1�:1C5 `A'il� �i7z
/
COi �i: �.ICL.�.
_. DtS:'iD['.O❑ Oi i.^.� PiOi�C:. 1:'.� .�7}�lIC3:ii R:1� COi�S:-1C: 3 �`_-^.1CIC 35��.uDi�'
iariil :o oroeuce T100 trocks ar.c!or other motor vehicles. i ne :aciiin• µiil procuc: suci
VC.^.ICZS tLroue:; ::`,e aper:,tion oi �2.i.L'i:aC:::':i:°_ �1i7t5 ii13i tt:ll �Z'?0�:�1 5:�1IlDID4.'A-:1Gt:^.=-
puinrir,2. ��se.:�blv ar.d o1�:ic moldins ��nriors.
T'ne .�ppiic�nt e:cpecs t;�at cors:: sc:ion of the Proiec: w�il comnezc_ in .�u�+.:st I996
snc w•iil oe comole:ed 'oy �ne iall oi ]945. Psocuc:ior. ac tne faciiity is expec:ed to be�ir. in
,ie ;ail or ioog.
,
;:: � . .. ��l I
6. Benefits of !he Proiect. The benefits ot" the Project are eescrioed belou 2nd
further set forth on the Statement of Bene?ics attached hereto as .4ctachment I. Tne
S�a�emen[ of Bz�eii[s attac;�ed hereto as Attachment I is based on the best information
a�•aiiable ac the time ot this filine.
A. Increased Emolo«nenc. Tne Applicant anticipates that ic v.ill emplo}•
aporoximately 1,300 persons at the Projea wich averaee annual salaries (indudine
bonuses) ot" aooroximate!y 5�0.000 to 5�0,000 per e:aplovee. Tne averaee s;ar;ing
sala�izs (including bonuses) u•il] be lou�er than these amounts. but salaries ��ill
eradualh• ,-ue to these amounts.
B. Inc*ea�ed P,-ooern� Ta� Ba�e. In comple:in¢ the P:oiec:, the .�pplica-:t
�ill imest aooroximateh• 5110.000.000 to S160.000.000 ir, real estate impro�eme:,cs
and approumatei� 5�=0.000.000 to So-0.000.000 in neu manufac*.urine eauipme;,:.
.� 2772 re�uested properz� ta� 2LJ2i:T�2lli 15 plld�2e OLi accordi-� i0 ih2 SCi7ZCL�:
pro�ided 'o�� statute, the 22sess�ent associated tii�n this im�es�ment uill be added to
the local propem• tax base.
Tne fi��res and da[es abo��e are all estimates based on the best information a�•ailable
at this time and couid vary based on ��ariations in pricing condicioTU, eneine:ring
coruideratio�s, and foreion currency exchange fluctuations.
7. Qualification as an Economic Re�italization Ar:a. The P;opern is precen:i�
used for aericultural purposes and is not used for industrial or cornmercial purposes, and
-3-
it is highl�� unlikelv that the Property wi]] be put to any such industrial or commercial use
in the foreseeable future except as part of the Project. For these reasons, the Proper�� has
become undesirable for and impossible oi normal use, developnent, and occ�pancy, as µ•ell
as technoloQicalh�, economicall��, and enerey obsolete. Cortsequently, the Project corsti[utes
an "economic re�italization area" within the meanine of ItiD. CODE § 6-1.1-12.1-1(l).
rr�sm nxf+ ,�.00n
TOYOTA MOTOR 'vL�:�'LiF.�C1Z�RItiG,
ItiDL�NA. INC.
_ ' �� �CS-/'7—%C�
��y � ,
Seizo Okamoco, P;es;de�t
-+-
���� I
. '� STATEMEh'T OF BENEFITS Attac`urent i $�' I • F qp M
.. �'.. . Su:t Fprm 2Jt6: �a � iao�i ' SB - 1
� Fm�+ 58 � t a 7�� �1' er Sta�� Boara of Tu Commyi;er.r�. � 9d9
ti\_�/
W57RUCTiONS:
1. 7Tis s�uemer.t must Oe tuonv�te0 ;0 fAe MCy C�s:gn�pnq y�s econa,-�t rerrOliz]OOn uea Oror !a tlts puC/iC Aeartnq i! }fe Oes%gr.ri� ?pCy rK�,res �r.:;,,
maricr. lrom �,:e aoc��r.t m ma�:r.q u p�•uon axut wnensr ro Cesig.v:e an e�nonK aennir_ancn qrea. C,nen.w r.is sa:emen: mus� x suecvae
�e :ne Ces+qr.anns ,xCy BEFORf a,xrs.n ins:a�ls Tee new .�rfanu!aC.unry^ eCUrpment. oi BfFORE Ne reCevs/oG.'+er.t a rena,^,daa;on p! �eal �rpp ,ry �
.n,e� � xrsan wis^es m cain. � CeCUC7pn. A s:a(emer,t ol �pnefi;s is no� rep�,•ireC il me uea .as ceslqnate0 an e:"A pnd ;o h�y r, t5g; aro :'�
'�ro�ee' «as �an.�ea u+c ammr.,ec t0 �y T! dDOhC2rtC a/V �GOrCVC' �y ,71! Oe5+qnac. �ocY. :✓�or :o �at C�;e. P; eCS' uv+x.� ��r.rv-ee ro a.^.e
Julyt.r9B:aroareucesqnarecaCer,'uryt.t987�eOmnaSiATcbfENiOF9E.vEr!£S.(ICbr.t-t�.7J . � y
1- Aaor�va� 07 u:e ces,srannr, �y lLiry G�unoL 7own 3aaro. Caunry C�v�+ca. stc.� muu D� cor+�neC yior ;o inrtianon al � rsoerebpmenr y rerapi�r;� �wr
or ��m ro �rts:a�Uncn o/ �� ne,r n. anv!ac:•nnp e�urpmer•t BEfORE a CeeurJOn rriay ps �pp.���. .
3. 7o ce;am a eeeuc�en. Form 322 E.i.�. Rea/ Esnts Imtvevemenrs ana i or Fomr J� c,�,� i PP. Nsw Macninery, must Da fJee wia: y�s cur..y a:.er.a. Wn
reso�c b rni yope ,ry, Fa�m 3?2 eRA must Je hleC pr Cos lare� oL ( r) May t 0: or (2j oviry (30) Cays ar,er a na6u a! incrase m nN rtt .ry assess.�+r
�3 /lCeiveiQ Ifprn � tOvnSAq ass[SSar. FO/m ,i$2 „�,1 / pp mu57 ?! •4/p �eM1vpen M]lO1 ; tnC MJy 15 0l Ne lssessmer,t yev rn rn�c- :+e+,-ar..1�c
Nnnq p;;r�r..er,t cemmes asseaayye. unless a filiry �rtension nas J�en oaraine¢ A�srson wtfo pp(�ns a.5litq altertsion r:�us: fi;a a:� :orr.> >slrs�
Ma �� 1 iMJun� 11 af dtitrsa�.
t. Pr�oerty own�rs wnose Shrrnent o! e?enslfa wu lqerov�C aRw� Jvy 1. � 991 musr sLprrvt Fwm CF - 1 annuaAy s� srw crrp,x�n ,rrC; ,-,� S;arenenr :
BsnelrtS. (IL61.1•11.1•5.6)
r:v oi urar�r
Tovota `btor Marrufzc_u� �:r;g, Zr��ra. Inc
. ess oi ;ucayer (s:: eer aro numooi, e,y, srae �ro ZIP m�e/
2� ^lort:^west Thid St�=:, lOt� elccr
�zrsvi��=_, ?:w�iara 4i7i3-1225
++e o� wn:ar. person
:..�r:v J. JL �OlE, H�^lE5 S TIlOr^�7l`Q
1! S. ��=-id�n St.. Znc?=rzocl_s, iV
�M � \�'�
47t�t Ot �@5.sr.]�ns �r
Gibson CaL:.�tv Ccunc � �
Lxiuon ai ycprty
? �X^.�'_: r�. dt`_dC.^.°_C
IOC� 0� !�L 7CJl�^/ u^.pr9vf�^lf.t3
d n�vssary/
See E�c:i�:� a at�ac`:ed
numo�r
SE
C�E
( Se= Ex'r`ibit A at'ac!:W? )
1313 Me:-c'+ants 3ar_< °iC
� Gibson
a ne.. r..a�r.a^,:nnq ecu��rt:em ;o x a¢v�na luso aocrx�^ai
NOtE: Punuam cc IC b�.t.�2.t.5.� (a1121 cw
COST ol trv prope ,ry �s mnfasm�m.
CJ+t�rti valu�3
P�us �s��m,�i� .alurs of prppcs�G yoj�c
L�ss •a1wS Cf ar.Y Yooerty �n^G r�oucrC
N�1 es:ir. Jt�C �atues upon ,yrrr�yppn d prp�C
�epnOne nurtCer
!31i )2�?-i"t4
nas;���an nuroar
�sa�e �
__.O't? TC�."5 _:
.-.. �,bTS:.:..
�ea ranr� :aie
�,,,-,�- ;cc.:
::.ill0 C�rtVe.iOr. Gte
,_� 1GQ_
imMr reta�MC SaHtvt NumDar iOC(bpryl
N/A N/.'\ � 300 c��r^uc �
.,..,,,
Cot . i... .�+rstrC V�Iw r� .-�'� a..
��ao Cv�.. i 7-,: .� I
530,000
D.OQ^�
value
' Ihe abc✓e cost estima2es and assessed va!ue est+'_�tes are 2D�TMOX'_ti18t_CTLS bese� on the
best infcz-ation c�.�^_ently avai!ab1= for the resl estate ?:�,rove^�nts and rzc::_:=-:
c�vero3. -
_ I I�ereovi cenf!y �at ne
al.:'torSeC re0�lsMRit�
52120 OkdRtJtO.
President
tve.
3QM0 ImY..'f. 6ir. y�L)
=.� s
q ob �I
-- ��--- •-• -� �� r����, a�,,��u �e�aring ca me Ces�gnancn of �is ecncm�c:evitaliza;icn area ane 5r.c ;r.ac ;^e acGfaanc mee�s ;:
general sar.CarCS accotea in me res.:iuuan previousty aGP�cveC by ��s Socy. Saic rescwtion, ;asszc uneer iC 6-�.�-i2.t-2.5, „�
v�ees tor ;ne foilcwing iimitaticns as aucnonzea unaer iC 6-t.t •72.7_2.
A. The cesigna�ed area has been limited to a xricC ot time rtot b exceeC
eesignaticn espires is calenear years '(ses ^e!cw/. ^�e eare ;r
9. ihe ,ype cf eeCUC7cn ;nyt is alloweC �n tne CesiqnateC area is GmiteC tp:
7. neceve�comem or renabilitaticn of real eSate imprevemerns; L� Yes � No
2. Ins;atlavcn of new manutaCUrin, eGuipmertt:
3. FesiCennalty di5tresseC areas L Yes �= No
�._ Yes �= No
C. i he 3rrount cf Cedur,icn anclicanle fer new manutacurir.g ��[cnent ins;allec ane firs, �: airec eiigibie 'cr _ecucicn a`er �Wv �
t S87, s IimiteC b S C,^,s; with an asSe552C value of 5 '
0. The amcunt cf dedue,ion aociicaCle ;o reCeveiccment or renacilitaticn in an area cesignated arter Seotemcer 7, 7428 is limitec
5 � cos: with an azsessed value ot 5
E. Cther Iirita;ic�s or qr.c;tions
j' _- �e CBG�C.iCr. ;Cf ^Bw ,^3RU;dCJfir,S ?,�,�iCmEnt inStd�IBG 3nC 5r5i caimec ?iisiCl2 fCf CECUCCCn L;;er J�I� 7 _ ,. �
== Ye� _ � 0 years .-S � i5 311CwE.. :C:
�.�iso we have review� cre ir,icraticn �r.tainec in ;he s:a;e.^..e.^.: �f ;,�neiiu arc lirC �.a: �^e es;i-a;e5 arc axce�a•:rns are reascr
� acte ane nave ee*.ermiree ;^at ae tc;aiiry .r �ereria is s��ce.^: ;� jus^;y ;-e cecur.:cn �esc:cec accve. �
i;.�2�..�• ��....
:y:/
r.v/vn_[.i ��
^uroer
���> >��� �y�� � I
Ges:S:atr_ =ccy 1
��BSe� �
o « ,.-
si6nec tixr:�. Qy. �ear�
%rGC� �� �/�j��.
CG��,G,�
,
't ;'' "-es:�::acrq �� limrcs ,�e ;ime :eneC cur,ng wric^ an area s an eccr,cm,c : evr«liza;ic- ;,roa. a ao
a:axcayer �s anc�ttx Ip ;2Gerv@ d CM_UC.,Cn ;c a r.umoer �f yog,5 ces r. es ,-c; :ir..r, :-e �er.� �r ;;r..�
- 5 atec �;ncer iC 5. �-;"<.:-a �, .? ,�ar-,�,,: ;se= �:es _e�cw
��• � , . •�� ..� � ••. �-,
- ..
I 70eeuC.ion ! p`�%� I Ten (�� I
�
' �r � �c0: I �a0r.
Z�d � 95�. I 45: �
3rC I Anw i .,�. .
5m
8m
tCL.
55% � gc ;
a0°'.
30 ;
..
�o �il
Er;�ioit ,4
Locacion of Prooerrv
The prooerty on which the Project wzll be constructed is approximateh� 1200 ares of
land bounded on the west by US 41, bounded on the north by County Road 3�0 South,
bounded on the east by Counrv Road 100 East �s if extended to Counn• Road 350 South.
and bounded on the south bv an fii acre tract of property knowr as Schumeier Farms and
a 10.1 ac:e trac*, of propertv oaned by the Tow�n of Fort Branch. "I�e location oi suci
rail�a� impro��emenu desc;ioed 'oelow is unknoµ�n at the present time. «�hen [he location
of suc;� railu•a� improvemeats h2s ozen de:e-;tined. T�t`4I, an a::iliate o,- another entin.
ma� reGuest that the bounGaries of the economic re�icalization area be amended to inciude
the ]and on w�hich such improvemen,s w�ill be constructed.
�a�e oi Tz��ave, and Descr;o:ion oi Real
PiOD2iiC J'!DiO�•e:ilZ?li5 ard �e«- �4ciiL'i3Ci�!�iil� Eeuivment
To��ota �iotor tilanu;acr�,-;n_. Indiana. lnc. ('T�f�fl") uill corst;uct a rehicle
assembl}• facilin�, consistine ot �•arious struc;ures and other reai estate impro��e:nen:s. to
produce T100 trucks and/�r other motor vericles. Tne facilin uill produce such vehicles
through the operation of new manufacturine equipment that �ill perform stampine. �e]dinQ.
paintine, assembly and plastic moldine functions. Certain affiliates of'T`1�f1 may invest in
and/or own a portion of the real estate improvements and ne�• manufacturine equipment
as pan of the Project. 'iVf�fI, an affiliate, or another entity may also corutruct certain
railu�ay irr�rovemen[s as pan ot" the Project.
c��sm axr+ ,s.vo
,; . ,,•.
ESTI�IATED TOT.�L COST,�.\D V',�Lt�E OF PROPOSED PROJECT
Section 4 Real Estate Impro�•ements
Machinen•
�xhibit E
1�0�1�
Assessed Assessed
Cost Value I Cost � Value
Clirrent
values -0. -0- I -0- I -0-
Plus estimated
values of
proposed 110,000,000 - 36,666,66 i- 540,000,000 - 72,000,000 -
project ' 160.000,000 53,=33,33� 640,000.000 85.333,333
Less values or I
am� propem�
beine reolaced -0- -0- -0- -0-
\et estimated
calues upon
comolecion or' 110.000,000 - =6.666.66i - �40,000.000 - iZ,000.000 -
proiect ' 160.000,000 ��.:3�.333 6=0.000.000 35.3�33�3
` Tne abo��e cos� escimates and assessec value escimaces are aDproxim2tiors bzsed
on the best iniormation currer,cl�� a�•ailaoie ior tne real estate imoro��ements and mach;;�e�r
co�ered. � �
P'D501 L'S IS:JS4