Resolutions_1998-3a. ,._., ;
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RESOLUTION NO. 1998 - �A.
RESOLUTION DESIGNATING A PORTION OF THE
COUNTY OF GIBSON COUNTY, INDIANA, AS AN
ECONOMIC REVITALIZATION AREA AND
APPROVING ABATEMENT FOR ROB RICHARD TOOL 8� DIE
WHEREAS, the County Council of Gibson County, Indiana, now finds 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�c ; and
WHEREAS, the County Council of Gibson County, Indiana, has been
further advised by Rob Richard Tool & Die of a proposed revitalization program,
which includes certain real property redevelopment and the installation of new
manufacturing equipment on land owned by Rob Richard Tool 8 Die and located
in Johnson Township, Gibson County and has been requested to designate the
area owned by Rob Richard Tool & Die 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
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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 the protection of the current employment; and
WHEREAS, Rob Richard Tool 8 Dies 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 F�chibits 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�t.5 should be allowed based on the following findings:
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(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.
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(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 Rob Richard Tool
& Die the deductions provided by IC 6-1,1-12..1-3 for a period of ten (10) years
and by allowing Rob Richard Tool & Die the deductions provided by IC 6-1,1-
12, 1�.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 F�chibits 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�esignated 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�esignated 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
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equipment which is installed as contemplated by and reflected in
Exhibit C.
4. The statement of benefits submitted by Rob Richard Tool & Die
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 o�ce, 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 F�chibit C hereto shall be filed
with the o�cers 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.
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EXHIBIT A
LAWYERS TITLE INSURANCE CORPORATION
NATIONAL HEADQUARTERS
Richmond, V'�rginia
Case No. GC980086
GY�1.17i11i1��L�J
Part of the West Hal£of the East Half of Fractional Section (6), Townstrip (4) South, Ftange (10)
West, in Gibson County, Indiana and more particulazly described as follows:
Commencing at an 'uon mar(ang the Southeast wmer of said half half Section; thence Nort6 along
the East line of said half half Section three hundred ninety-two and fifty-three hundredths (392.53)
feet to a P.K. Nail in the centerline of State Road #68; thence Northwesterly along said centerline
a 2 degrees 15 minutes curve to the right one hundred three and fiRy hundredths (103.50) feet to a
poi�; thence North 52 degrees O8 minutes West along said center line three hundred sixty-two and
ninety hundredths (362.90) feet to a P.K Nail; ihence Sout6 three hundred twenty-nine and
twerty-one hundredths (32921) feet to an iron; thence South 00 degrees OS minutes 45 seconds East
three hundred ninety-seven and ninety-three hundredths (397.93) feet to an iron; thence North 89
degrces 06 minutes 15 seconds West three hundred ninety-five and forty-three hundredths (395.43)
feet to an iron marldng the initial point of beginning of the following described real estate; thence
North 89 degrees 06 minutes 15 seconds West two hundred eight and sevenry-one hundredths
(208.71) feet to an iron; thence Norih four hundred seve�een and forty-two hundredths (417.42) feet
to an iron; thence South 89 degrees 06 minutes 15 seconds East two hundred eight and seventy-one
hundredths (208.71) feEt to an iron; thence South four hundred seventeen and forty-two hundredths
(417.42) feet to the point of beginning.
Containing Z.00 acres more or less.
Subject to a sixteen (16) foot PubGc Utility Easement off the East side thereof and subject to a
sixtcen (16) foot Public Utility Easemern lying Nort6 and adjacent to the North fifteen (15) foot road
right-of-way line.
EXCEPT the coal and minerals mixed with the coal.
FRCM7 : fif'FRiCtY� F.Ei1l ESiG'E INr
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Iron Pin
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PI,AT OF
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EXHIBIT B � �`
PART OF TME WEST HA�F:Or TNE EASi MAI� OF
FRACTIONAL SECTION �6j. TOWNSHiP (4) SGUTH,
RANGE (SO) wEST IN GI850N COUNTY, INO:ANA.
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Iron P#n
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—Utll�dy Easement
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2. 000. ACRES � �
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wer�h . 1898
IJOnnSOn 7rD.)
N" , STATEMENT OF BENEFITS
� �. : State Fartn 27167 (R4 / 7 o-93)
- Form SB - 1 is prescibcw Oy me State Board of Ta. Commisswners. 1989
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SCHEDULE C
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FORM
SB��
INSTRUCTIONS:
1. This s[atemenr must be submittetl to the body designafrng the economic revi6lizatlon area pnor ro the public heanng if the designating body requiies infor-
mation from rhe an�lipnt in making its decis�an about wheMe� to designate an Economic Revitiliza0on Area. OMerwise this staremeM must be submRtea
to the designatrnq booyy BEFORE a person ins(alls the new manulaciurrng equipment. or BEFORE the redevelopmeni or rehabilita0an ol real property fa
which the person wishes ro Gam a deauaron. A statemeM o!-benefits is not required il the area was designated an ER4 prior ro Juty 1. 1987 ana M.e
project' was plannea and committed ro by the applicanC aiW approved by Ne tlesignaang bod}; priar ro Mat da7e. "Projects' p/anned or commifted to aker
July 1. 7987 and areas designated aftei July 1, 1987 requrre a STATEMENT OF BENEF175. (IC 67.7- 72.1)
2. Aop�oval ol the designa6ng body (Ciry Coundl, Tmm Board. Coumy Courral. etc.) must be obtained pnor ro rntianon of Me redevelopment or rehabilitation.
o� pnor ro installabon of tAe new manotaaunng equipment BEFORE a tleducoon may be approved.
3. To obtain a deduction. Form 322 ERA. Aeal Estate Improvemen[s and / ar Fortn 322 ERA / PP, New Machinery, must be filed wi[h the camrry aud'rtor. Wrth
resoect ro real property; Form 322 ERA musf be filed by the later of: (7 J May 10: a�2) fhirfy (30) days alter a nolice of increase in real properry assessmenr
is received Jrom the township assessar. Form 322 ERA / PP must be (led belween Marrh 1 and May 75 ot Ne assessment year in whirh new manutac-
turrng equipment becomes assessable, uNess a filing extension has been obtained. A person who obtains a filing extension must fila Me /orm befween
M3rch 1 2nd June 7a ot fhaf year.
a. Properry owners whose Sta[emenr o) Benefits was approved aNer July 1. 1991 must submit Form CF - 7 annually to shaw mmpliance with the Statemem of
Benetits. (ICE1J42.7-5.6)
ame of taxpayer
Ri�hard. Tool__&:_Di�-_Inc.
oi taxpayer �sveet ano nurwer, ary, sta� and z�P code/
R R 3 Box 284 Owensville, IN 47665
name ot wmaa person
Preston Richard or Robert Richard
. . . .. . . -.•. . ••.
Name of tles�gnanng Dooy
A%��Sg3��XT��f%X�X�3�gX%�i�XGibson County Council
Loration ot property � Coumy
R R 1 Box 329A Haubstadt, IN Gibson
Descdption of real property improvemenss antl / or new manufactunng equipmem ro be acquirec (use addi6onal
sheets if necessaryl
80' X 100' Steel Structure Building, 2-5 Ton Overhead
Cranes, as many, as 8 additional CNC Mills over S years,
support equipment
number Satanes
1� $2%5.���
NOTE: Pursuart[ to IC 67.7-72.7-5.7 (d) (2) the
COST ot the property is coM'Wermal.
Current vatues
Plus estimated vatues W
LB55 v3�u¢5 Ot 2tly pfOpE
Net estimated values up
of
the
Assessed Value
1
in this statement are true.
felephone number I
�812� 7242011
iB501uUOn nuRibEf . i
1998- i
faxing distritt I
Johnson�
Fstimated starting date I
September 1998
Estimazed completion tlate
November 1998
lditional Salaries I
8 $400 000
Over ears;
;mt:i;e� �-=�1 AssessedValue 1
ec/Treas I 7-Zp-9l�
year)
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 2/ day of �, 1998, by the County
Council of Gibson county, Indiana.
Att t:
G�l
Ken W. Greubel, Auditor
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red Ku � r
i da Hoover
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Ray D �ng
��1-�t.,-�r�v � C'�C%e.��
Wamer Clem
Mayer
�,lack Robb
C'�� � C1 ��_
Claude A. Davis
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