The URL can be used to link to this page

Resolutions_1998-2a. ; �ab/o RESOLUTION NO. 1998 - �. 0. RESOLUTION DESIGNATING A PORTION OF THE COUNTY OF GIBSON COUNTY, INDIANA, AS AN ECONOMIC REVITALIZATION AREA AND APPROVING ABATEMENT FOR TOYOTA TSUSHO AMERICA. INC. WHEREAS, the County Council of Gibson County, Indiana, nowfinds that there are various areas and parcels of real estate within the county which may properly be designated economic revitalization areas pursuant to IC 6-1.1-12.1-1 et se ; and WHEREAS, the County Council of Gibson County, Indiana, has been further advised by Toyota Tsusho America, Inc. of a proposed revitalization program, which includes certain real property redevelopment and the installation of new manufacturing equipment on land owned by Toyota Tsusho America, Inc. and located in Patoka Township, Gibson County and has been requested to designate the area owned by Toyota Tsusho America, Inc. as further described in the map and legal description which are attached hereto as Exhibits A and B and incorporated herein by reference, as an economic revitalization area under and pursuant to IC 6-1.1-12.1-1 et se�c; and � ` ! '' � . � ` i � €,� MAY 19 i9S8 �17 �' �-� � tt ' CTO�GW CO�;tJ i Y AUtiiTOR� WHEREAS, the County Council of Gibson County, Indiana, hereby finds that the area described in Exhibits A and B is an area that can be designated as and economic revitalization area and that the designation of said area as an economic revitalization area could enhance the opportunity for the creation of newjobs; and WHEREAS, Toyota Tsusho America, Inc. anticipates increases in the assessed value of its real property from the proposed redevelopment or rehabilitation of real property and anticipates the installation of "new manufacturing equipment° as such term is defined in IC 6-1.1-12.1-1(3), and has submitted documents, including a statement of benefits, to the County Council of Gibson County, Indiana, in the form attached hereto as Exhibit C and incorporated herein by reference; and WHEREAS, the County Council of Gibson County, Indiana, has reviewed the statement of benefits included in Exhibit C and other information brought to its attention, and hereby determines that it is in the best interests of said County Council of Gibson to designate the area described in Exhibits A and B as an economic revitalization area and that the deductions under IC 6-1.1-12.1-3 and IC 6-1.1-12.1�.5 should be allowed based on the following findings: -2- ��1D (1) The estimate of the value of the redevelopment or rehabilitation is reasonable for projects of that nature and the estimate of the cost of the new manufacturing equipment is reasonable for equipment of that type. (2) 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 and the proposed installation of the new manufacturing equipment. (3) 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 and the proposed installation of new manufacturing equipment. (4) The number of individual opportunities for employment, both temporary and permanent, and the compensation to be paid to employees, along with the value of the acquisition and construction of improvements, create benefits of the type and quality anticipated by the County Council of Gibson County, Indiana, within the economic revitalization area and can reasonably be expected to result form the proposed described redevelopment and the proposed installation of new manufacturing equipment. -3- 3�,ia yeg�o (5) The totality of benefits is sufficient to justify the deductions. AND WHEREAS, the County Council of Gibson County, Indiana, hereby finds that the purposes of IC 6-1.1-12.1 are served by allowing Toyota Tsusho America, Inc. the deductions provided by IC 6-1,1-12..1-3 for a period of ten (10) years and by allowing Toyota Tsusho America, Inc. the deductions provided by IC 6-1,1-12, 1-4.5 for a period of ten (10) years; NOW THEREFORE, BE IT RESOLVED by the County Council of Gibson County, Indiana, that: 1. The area described in Exhibits A and B attached hereto and made a part hereof is designated as an economic revitalization area within the meaning of IC 6-1.1-12.1 2. The owner of property within the above-designated economic revitalization area shall be entitled to the deductions provided by IC 6- 1.1-12.1-3 for a period of ten (10) years with respect to real property which is redeveloped or rehabilitated as contemplated by and reflected in Exhibit C. 3. The owner of property with the above-designated economic revitalization area shall be entitled to the deductions as provided by IC 6-1.1-12.1-4.5 for a period of ten (10) years for new manufacturing C� . � . � s��a equipment which is installed as contemplated by and reflected in Exhibit C. 4. The statement of benefits submitted by Toyota Tsusho America, Inc. is hereby approved. 5. Notice of the adoption and substance of this resolution and all other disclosures required by IC 6-1. 1-12. 1-2.5 shall be duly published in accordance with iC 5-3-1, which notice shall state that a description of the affected area is available and can be inspected at the Gibson County Assessors office, and shall further state a date for a public hearing on this resolution and that on said date, after hearing objections and remonstrances and considering evidence thereon, this Council will take final action determining whether the qualifications for an economic revitalization area have been met and confirming, modifying and confirming, or rescinding this resolution. 6. A copy of the above-referenced notice and a copy of the statement of benefits included in Exhibit C hereto shall be filed with the officers of each taxing unit that has authority to levy property taxes in the geographic area which is hereby designated as an economic revitalization area at least ten (10) days prior to the public hearing on this resolution. -5- 7. A copy of this resolution shall be filed with the Gibson County Assessor on or before the notice of its adoption is published as above- required. ADOPTED, this �� day of ��"- _, 1998, by the County / Council of Gibson county, Indiana. Attest: GcJ Ken W. Greubel, Auditor Q / � �, ia�i�✓� �! � -. ,�- - i �� i� ._ . ��: ._ .. - r _ _ _r..i ��" '� LE,/� �?e(� Warner Clem Leland Mayer � Robb - � �� i Claude A. Davis , ��r ?�io EXHIBIT A TOYOTA TSUSHO AMERICA, INC. SURVEYED BOUNDARY DESCRIPTION July 24, 1997 A part of the Southeast Quarter of Sedion 30 and a part of the Southwest QuaAer of the Southwesl Quarter of Section 29, all in Township 2 South, Range 10 West, Gibson County, Indiana,described as follows: Beginning at an iron pipe marking the southeast comer of the Southeasl Quarter of said Section 30; thence South 89 degrees 42 minutes 25 seconds West (bearings based from Toyota Plant Coordinates Syslem) 988.63 feet along the south line of the Southeast Quarter of said Section 30 to a'/. inch rebar with cap stamped 'Wannemuehler RLS 8800054'; thence Norih 00 degrees 44 minutes 44 seconds West 1397.91 feet to a'/. inch with said cap on the southwestem boundary of a proposed railroad spur, thence South 43 degrees 02 minutes 39 seconds East 1410.83 feet along the boundary of said proposed railroad spur, thence along said boundary Soulheasterly 360.68 feet along an arc to the right, and having a radius of 553.74 feet and subtended by a long chord having a bearing of South 24 degrees 23 minutes 04 seconds East and a length of 354.34 feet; thence continuing along said boundary South OS degrees 43 minutes 30 seconds Easl 40.19 feet to the south line of the Southwest QuaRer of said Sedion 29; thence North 89 degrees 26 minutes 09 seconds West 106.47 feet along said south line to the point of beginning and containing 0.488 acres, more or less, in said Section 29, a�d continuing 19.506 acres, more or less in said Sedion 30; and containing in all 19.994 acres, more or less. 9 � � ' �I � l � I I I I 1 I I I I � I � i � � I � �1 ; � at�l I�I�.' Ib I ' I�I la I I� I I I I I � � � � � � i i ti� � � � � � � � � I I I I I I 1 I ' I I I I I I I I I I � � �� 1 •� � ' � � � � �� 0 PANCNO ---�--- I I I I I i � I I B I � � r—� L•_a ; ; � � , � � I � � � � I � � � 1 I I �� I . i j i � i .. .. i I� � � I � •' I I 1 ' � 1� ' I 1 � : I � ' I 1_ �_ I —` L----'---- ii �� 9 r� t -----------------�. ; —. � , � � � , „, , , � , , , � , � �' i LLWLWJ111LWJ�J `��1 � I 1 r----� I � � � i i i i r________, i , � I �__ ` ,,; � f,: > � I I ' i� I I} a � � � ; i � � i � � I � I � � i � �.,a o �,; � � ; J L; � � ' �---------J � � s . - , , �. � � � , ; � ,�� _�- � , . :: , -� � ;; ii;� _°_- I � i i • -... ' I � i i �/`�' � � I � _ I , , f:.. — I L.' � �.:�.�• � I '� ` �----J � /� � -�/•::'��:r\ �� : � < �+ / r�MJ � ' \' / , *� /�.. , 'rsR i' /, .. / : /,7 � �T.. . �. , ' /. . � .evo�a �tll P M^ � /•�� l� e� I�� / .\ . . � ..�•• � . - .. . \ ,r ' � �1� � �'•� � �� '�'.'"'I � 0 ♦ �� ` • d ,� . ,. Q� 1"� Of � 9n C E �^ � � a a V V < � O� G e c v �8 �ri � �� O C � 2 o � d p V G d �- South Line Settion 30 s \ r� �o� ��> � �� EXI-IIBIT B 2-2 NOTE: BEARINGS ARE BASED ON THE TOYOTA PLANT COQRDINAiE SYSTEN Princeton �ining Company D.B. 103, p. 183 , �f \ /� 's�, S 89-42-25 W 988.63, ` COUMY RpAO 350 SOUTH � a 0 ti� e J N O W � \�\� �� \ � f. 9 �� 1 � I I N 54-26-09 W 110.06' `"� �° , STATEMENT OF BENEFITS . �. � : State Fortn 27767 (R4 / 70.93) Fortn SB - 1 is orescnDetl Dy Ne Sta:e Boartl of Taz Commissioners. 7989 •s d �o. � �D FORM SB-� INSTRUCT70NS: , 7. This statemenr must be submitted to rhe body designanng rhe economic reviti/ization area pnor ro the pub/ic hearing i! the designating body requires inlor- mation trom rhe apolican( in malnbg its decision about wheMer ro designate an Economic Revitilizatlon Area. Otherwise this statement must be submitteo to the designating body BEFORE a person installs the new manulacrurrng equrpment. or BEFORE the redevelopment or rehabilitation of real p�operry tor which the pe`son wishes to Gaim a deaucnon. A statement o! benelits is nor required i7 the area was designatea an ERA pnor to July 7, 7987 ana the P�ojecf' was olanneo ana rommitted ro by the applicant. and approved by fhe designating body, p�ior ro ihat date. 'Projects' plannea or committed fo aher July 7, ; 987 and areas designared aher July 7, 1987 require a STATEMENT OF BENEFITS. pC 6-1.7 -72.1) 2. Approval o/ the aesrgnating body (Ciry Council, Town 8oard. Counry Council. e[c.) must be obtained pnor to initianon of the redeve/opment or rehabilitation. or pnor to installa6on of Ne new manufactunng equipment, BEFORE a deduction may be approved. 3. To obtain a deducffon. Form 322 ER4. Real Estate Improvements and / or Fortn 322 ERA / PP, New Machinery, must be liled with the counry audifoc wth respeci (o real oroperty, Form 322 ERA must be filed by the /arer ot: (7) May 70; or (2) thirty (30) days afte� a notice of increase in ra31 properry assessmenr is ieceived (rom the rownship assessor. Form 322 ERA/ PP must be (led benveen March 7 and May �5 ot [he assessment year in which new manulac- tunng equipment becomes azsessable, un/ess a filing ex(ension has been obtained. A person who obrains a liling eztension must (rie [he lorm benveen Marrh 7 and June ta oJ thar year. a. Property owne�s wnose Statement of Benefits was avproved aher July 7. 7991 must submit Form CF - 7 annually to show compliance wifh the Statement oi Bene/its. (IC 6-1.7-72J-5.6) oftaxpayer Toyota Tsusho America, Inc. of tazpayer (sireet and number. city, state and ZIP code) R. R.#1 Box 225C County Rd 350 S, Princeton, IN 47670 coniaa person David Rosenbere 12 � 385-0330 . . . � � . . -.-. � �-. Name of designating body I Resolution numoer � Gibson County Council Location of pmperty Counry Taxing distnct Part of SE Qtr 530 & SW Qtr S29 T2 R10 W Gibson I Patoka I Deuriotion of real prooeny improvements arM / or new manufaciunng equipment to be acquired (use additronal Estimated stariing date sheets i/ necessary) Steel warehouse and general business office June 1998 Estimated completion date October 1998 Competitive salaries, full employee benefits package including paid holdiays, paid sick leave, medical, dental, life & disability insurance, 401K Plan.