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Resolutions_1999-6.-� �• y i �3 ��97-�n RESOLUTION OF THE COUNTY OF GIBSON COUNTY, INDIANA, APPROVING ABATEMENT FOR ORION AMERICA, INC. WHEREAS, the County Council of Gibson County, Indiana, by Resolution No. 1986-11-18 designated an area owned by Orion America, Inc. ("Orion") with in the county of Gibson County as an economic revitafization area pursuant to IC 6-1.1-12.1-1 et seq; and WHEREAS, the above-described area has been designated as an economic revitalization areas to encourage new building, the installation of new manufacturing equipment, and the redevelopment of an industrial area or the rehabilitation of existing properties; and WHEREAS, the County Council of Gibson County, Indiana, has been advised by Orion of a proposed revitalization project, which includes new manufacturing equipment in the above-described economic revitalization area; and WHEREAS, Orion anticipates increases in the assessed value of its personal property from the proposed installation of new manufacturing equipment as submitted documents, including a statement of benefits, to the County Council of Gibson County, Indiana, and WHEREAS, the County Council of Gibson County, Indiana, has reviewed the statement of benefits and the information brought to its attention, and hereby determines that the deductions under IC 6-1.1-12.1-4.5 should be allowed based on the following findings: (1) The estimate of the value of the installation of the new manufacturing equipment is reasonable for projects of that nature. (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 installation of 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 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 of new manufacturing equipment, 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 from the proposed described redevelopment or rehabilitation. (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 Orion 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. Orion shall be entitled to the deductions provided by IC 6-1.1-12.1-4.5 for a period of then (10) years with respect to new manufacturing equipment as contemplated by and reflected in Exhibit A. 2. the members of the County Council of Gibson County, Indiana, shall be and hereby are authorized to execute any and all documentation necessary to substantiate application by Orion for tax deduction and abatement pursuant to the resolution and IC 6-1.1-12.1-1 et s� -2- / _ I• ., :. ADOPTED, this �G day of�, 19� by the County Council of Gibson County, Indiana. � j � ,� � / � ,� _ - . .- .. �I� i� .� ��•.... II / �. ��� - - .- iL �%�� i�i�/. i - . - ir�' �' , /_ �, i_.�.,.. .. � �. � -- . . � _ �. � l ir. ._. . .- � ._ ,� �� -.,. �. i :; � ,.•�:. i i .-..- -3- 3�3