Resolutions_1997-4_..
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RESOLUTION N0. 1997- �
COUNTY COUNCIL OF GIBSON COUNTY, INDIANA CONFIRMATORY RESOLUTION
FOR THE DESIGNATION OF AN ECONOMIC REVITALIZATION AREA
WHEREAS Gibson County, Indiana has been requested by Gibson
County Coal Corp. (Applicant) to find pursuant to I.C. 6-1.1-12.1
that the area described as follows, to-wit:
The north half of sections 2 and 3 and the south half of
sections 34 and 35 in Patoka.Township, Gibson County,
Indiana.
is an economic revitalization area within the meaning of I.C. 6-
1.1-12.1;
WHEREAS the Gibson County Council has prepared a simplified
description of the boundaries of the area;
WHEREAS the area is located within the jurisdiction of the
Gibson Council for the purposes set forth in Z.C. 6-1.1-12.1;
WHEREAS Gibson County Coal Corp. and/or an affiliate thereof
and/or another entity plan to construct as described in the
Statement of Benefits submitted by the Applicant to the Council
an underground coal mine;
WHEREAS the underground coal mine will consist of the
construction on unimproved real estate of new structures and
other related real estate improvement and the installation in the
area of tangible personal property to be acquired by the
Applicant as its owner for use in the direct production
processing, refining and delivery of coal, which tangible
personal property has never before been used by its owner for any
purpose in Indiana;
WHEREAS the improvement of the area described in the
Statement of Benefits will be of public utility and will be to
the benefit and welfare of all citizens and taxpayers of Gibson
County; and
WHEREAS the Gibson County Council has reviewed the Statement
of Benefits and Application;
WHEREAS, pursuant to I.C. 6-1.1-12.1-2 on August 19, 1997
the Council passed its Resolution (the "Declaratory Resolution")
designating the Area an "Economic Revitalization Area" within the
meaning of I.C. 6-1.1-12.1 and granting personal property tax
abatement in the Area for a period of ten (10) years; and
WHEREAS in compliance with I.C. 6-1.1-12.1-2.5 the Council
published Notice describing the adoption arid substance of the
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Declaratory Resolution and stating that on the date hereof the
Council will hold a public hearing at which it will receive and
hear all remonstrances and objections from interested persons
with respect to the Application and the Declaratory Resolution;
and
WHEREAS in compliance with I.C. 6-1.1-12.1 the Council filed
with each taxing unit that has authority to levy property taxes
in the Area a copy of the Public Notice and Application; and
WHEREAS in compliance with I.C. 6-1.1-12.1 on the date
hereof the Council held the public hearing at which it received,
heard and considered evidence concerning this matter; and
WHEREAS pursuant to I.C. 6-1.1-12.1-2.5 the Council desires
to take final action confirming the Declaratory Resolution;
NOW, THEREFORE BE IT RESOLVED by the County Council of
Gibson County, Indiana that hereby determines that the area as
described herein is within Gibson County and has become
undesirable for or impossible of normal development and occupancy
because of a lack of development and other factors which have
prevented a normal development of property and use of property
and therefore that the area is an economic revitalization area as
defined in I.C. 6-1.1-12.1-1 and hereby confirms the Declaratory
Resolution.
BE IT ALSO RESOLVED that based upon the information
describing the project the Council makes the following findings:
1. The estimate of the value of the redevelopment is
reasonable for projects of that nature.
2. The estimate of the number of individuals who will be
employed can be reasonably expected to result in the proposed
redevelopment. -
3. The estimate of the annual salaries of those
individuals who will be employed can be reasonably expected to
result from the proposed redevelopment.
9. The other benefits about which information was
requested are benefits that can be reasonably expected to result
from the proposed redevelopment; and
5. The totality of benefits is sufficient to justify the
granting of personal property tax deductions to the Applicant
pursuant to I.C. 6-1.1-12-4.5;
BE IT ALSO RESOLVED that the area is hereby declared to be
an economic revitalization area pursuant to I.C. 6-1.1-12.1;
BE IT ALSO RESOLVED that the period for personal property
tax deductions under I.C. 6-1.1-12.1-9.5 for new manufacturing
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equipment installed in the area shall be ten (10) years;
BE IT ALSO RESOLVED that based on the information provided
and the foregoing findings the Council pursuant to I.C. 6-1.1-
12.1 hereby approves and allows the Applicant personal property
tax deductions for ten (10) years for the equipment installed in
the area as part of the project;
BE ZS ALSO RESOLVED that this action confirming the
Declaratory Resolution is final except for the liinited rights of
appeal provided in I.C. 6-1.1-12.1-2.5.
ADOPTED this 16th day of September, 1997 by the County
Council of Gibson County, Indiana.
ATTEST:
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Ken W. Greube
Gibson County Auditor
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Fre Kue r, Presi ent
County uncil, Gibson County,
Indiana
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