Resolutions_2000-1( �a'
RESOLUTIO\ NO. 2000-1
GIBSO\ COliNTT, INDIANA REDEVELOP�IE\T COA111ISSION
RESOLUTION ,�PPROVI\'G APPL[CATION
FOR REAL A\'D PERSO\AL PROPERTY TAa DEDUCTIONS
I\ AN ECON0�IIC REVITALIZATION AREA
�1'HEREAS, on July 16, 1996, the County Council of the Gibson County, Indiana (the
"Council") adopted Resolution No. 1996-3 (the "Resolution") designating the area described in Exhibit
A as an economic re��italization area pursuant to LC. 6-1.1-12.1 (the "Economic Revitalization Area")
and granting real and personal property tax abatement in the Economic Revitalization Area for a period
of ten (]0) years;
�'1'HEREAS, Toyota b4otor Manufacturing, Indiana, Inc. and/or an affiliate thereof andlor
another entity (collecti��ely, the "Applicant") plan to construct, as described in an Application and a
related Statement of Benefits submitted by the Applicant to the Council, attached hereto as Exhibit B
(collecti��ely, the "Application"), an expansion of its automotive manufacturing facility that is located
in the Economic Revitalization Area (the espansion is herein referred to as the "Project");
�'�'HEREAS, the Project will consist of: (i) the conswction on unimproved real estate, of new
structures and other related real estate improvements in the Economic Revitalization Area (the
"RedevelopmenP') and (ii) the installation in the Economic Revitalization Area of tangible personal
property to be acquired by the Applicant, as its o�ti�ner, for use in the direct production, manufacture,
fabrication, assembly; processing, refining or finishing of other tangible personal property, which
tangible personal propert�� has ne��er before used by its owner for any purpose in Indiana (the
"EquipmenP');
\VHEREAS, on February I�, 2000, the Council adop[ed Resolution No. 2000-4, approving and
allo���ing the Applicant pursuant to I.C. 6- l.1-12.1 real and personal property tax deductions for ten (]0)
years for the Rede��elopment and the Equipment located in the Economic Revitalization Area as part of
the Project; as described in the Application;
�1'HEREAS, [he Gibson County, 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 Re��italization Area is located within the boundaries of the
Allocation Area:
WHEREAS, I.C. 6-1.1-12.1-2(1) provides that ifproperty located in an economic revitalization
area is also located in an allocation area (as defined in I.C. 36-7-14-39 or I.C. 36-7-15.1-26), an
application for the property tax deduction pro��ided by I.C. 6-1.1-12.1-1 et se . may not be approved
unless the commission that designated the allocation area adopts a resolution approving the application;
�VHEREAS, I.C. 6-1.1-12.1-� provides that a property owner must file certified deduction
applications to obtain property tax deductions with respect to rehabilitation or redevelopment in an
economic revitalization area; and I.C. 6-1.1-12.1-�.� provides that a person must file certified deduction
applications to obtain property tas deductions for new manufacturing equipment installed in an
economic revitalization area (such certified applications being referred to hereinafrer as "Deduction
Applications");
:s -
Vl'HEREAS, the Redevelopment and the Equipment comprising the Project will be located in
both the Economic Revitalization Area and the Allocation Area, and therefore property tax deductions
with respect to [he Redevelopment and the Equipment may not be approved unless the Commission
adopts a resolution appro��ing the Deduction Applications;
VVHEREAS, the Commission has been requested by the Applicant to approve, pursuant to I.C.
6-1.1-12.1-2(I), its applications for property tax deductions for the Redevelopment and the Equipment
located in the Allocation Area; and
�VHEREAS, the Commission has reviewed the Application and desires to take action to approve,
pursuant to I.C. 6-1.1-12.1-2.5(1), property [ax deductions with respect [o 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 Project and the Commission's consideration ofo[her evidence, the Commission
hereby finds that the allo�vance of property tax deductions for the Redevelopmen[ and the Equipment
to be located in both the Economic Revitalization Area and the Allocation Area is of public utility and
benefit and is consistent �vith the findings made and actions taken in the Resolution.
BE IT FURTHER RESOLVED, that, pursuant to LC. 6-1.1-12.1-2.5(I), the Commission hereby
approves the Application and approves the Deduction Applications to be filed by the Applicant to daim
property tax deductions with respect to Rede��elopmen[ and Equipment located in bo[h the Economic
Re��italization Area and the Allocation Area.
ADOPTED and APPROVED at a meetinc of the Gibson County, Indiana Redevelopment
Commission held on the 19'" dav of June. 2000.
fSDS01 R\H 3553s6r1
GIBSON COUI�'TY, II�'DIANA
REDEVELOPMENT COMMISSION
�, � /
� �' • i // � �i l� i •
_%'
3��
Fx'ib:t A
i aVr. nce �ipr,rry ^,��oo,:,� i a;7=
��.e 5cu�easc Ccar,�r ar,c a;ar, cr re ^tc�eas Cuar.er cf Se�C� Jl. 3�iC t7:E �VCrtI'tve� dttC
Scua'wes: Ccar.ers cr Se:'cn �. ccc: Ir T�wr.sr.ic 2 Scu�r., �ar.g2 '0 `n.'e�, irt ?;::x� -.Nrsaic,
G�tscn C::c:.i, 'r.ciar.a, s•«eil u a�e .�cr.�eas: Cuar,er ;; c a par. �' �e Sc��.eas: Gu:car ot
Sac�cn c, arC �e Ncr�w962 Cuar2r ar.0 a car, �t the SccC^.ves: Cuar,sr cf Se�c- °, ectri in
7cwnahi� 3 �c_�_^„ :iar.se SO We2 �r L'nicrt Tcwcsr�ip, Glcacn Caunry, Ind�ara, mca �ata:larty-
ee�c: ec as �ilcws
Camrencr.g at a?. X Naii „ar!cr,r, �e ncrs-xes wrr.er ct re Nor.heas ;a:ar,er ot Saccn 31,
Tcwrs�ic : Scutlt. .4�r.ge �o west ^enca aicr.g -e ncrtn Itr.e ct s:ia cu:r.ar Ncr ?S ;"3t- �
ES?.CB �ec :c �e nci�:ear. c�mer � ! ;�c as Cesc:tee ;n CaeC =ec:r 153, .ac,e �5 in ^e �ca
d`� � �rer :! G�cscn ��ur.cy, and �e :cir- � be,irr,irq :f :*.e herein �esr..:ec ;zc .^.enca
m.-Vr.ur,g air..g aai� rcr !ir.e Ncr_'� 25"''.�" �c t57L_E `r_: :e a 1" �rcrt.�n at :�e ^cr_.�i
c:r..er : sac Ncr^e��: .r.�ar:er, 31ac ,.�irtq tte ,^cr_'�wr_t ,-r„er C, ;t.e :Vcr�r.ve:: Cuar^:r �f
$2CLCr �2. T�.vns�:tc 2 �cuch. Rar.�e 1C `N�i', �J!e�C� ,1cr,G 't.e r,c.� Itr.e � 5'a1C NC�WESL
CL'af:2! �VCf�.^. �5•�6.•y �3S L'^�.r �`ZE*. 1 d �. rC. ;,al! (^2�7(:f.S 7E i�Cf^EcS: ^_..^f� �! �Q
� �
Plcr_`�.�es G::a;.er. ^er.:a �icr.y^ fi.a �s: ;ir.e cf ;aic Dlcr'^xes Ct:�-� �c��: C'';°�� �
i���.-'...'�' �dBI : i i.�^B ai �:9 ril•L�:BeS CC(�9f �� S'a1�G� VCf'u',W65�. QL'2f:8f, d�SO .;84' �9 �1Cr8a'S'a
_ j .
.� r..er �. :1e Scu-wes. Cua-y r � Sc'CCt, 3<. i C'.vRS� IC <_CCL". R31'C�E i Q hVEgI: �E.^.C_ 3!C'CJ ]}7C
°_39:..i'e C� _°8:C ���^WC_: �C2('Gf : CC.�. ' ' �QL ❑'7C � SC.=S (E°::C �'.. SCC� :3_°: 5:�... � �21C
�CL'�nGS �t:2Ge.' ar.c �e .�.vr._'r.ip iif.0 ` 6VG!!S i CNCSCIC� 7C 3! �' ; i �CU� ;'�°!7C` 31C'y SdIC
:c•Nrs:,i: �!r.e :vc- 99'�':°' _ � : ,. ;2 '�[ ;c .^c1Cne -sec irr, oices ,t 1^e ,-cr..eas: -^er :f
:`.9 :VC���::2`� �::fl�?! _,' �d�CL _. -��vCS��IG � SC���. Zd�:^y? tC'NPS.: Y�E!CG? aic-s -a ;ast:lne
�. _'niC �ICf.'LYE� ���a� �C�� � . � i �� i '.^I L?�C�.Si t�= : a ?;: -ztar ac _ e sc,.-ess; :_ne� _.
Sai� :VC�^++es; Ccar.=_r, ;Isc ;eL:y :-e r.creas =omer :. _`,a ScuC`.wes �:uar,3r �; ;aa�cr, 5,
iC`.vf.5� IC - �CC��. .ZaGSe �� ��Y9S7: .'.9f:",.9 3�C.' ".8 385. Iif6 :t auiQ .��.C:C:^SYES r• ' ''^
�:c.'.E! JCUu.
.:G': �"'P/e�t �__H.?2 `� tc �e sc��-�s: r_r�c cf �he Ycr'; ;aif ci eaie °ce:�.wes: Caar'.e�
',.".C.^.C� 31Cf:� :�C 5.:::.:" !I�G : 7diC VCf': -dlf �GL'L'7 �$�QS �.i7 `NCSL [°��.?$ Y_: .� :�? SCI.u"�Z
.....^tEf 7(:dC NCr"; n21L 3L5.^. =2 y '�e r,cr^es =:.^8!',.�� 't.8 :VC.':7 �dl� Cf "1@ $CL'u.EfiS: '� 2r
� u ..L'd(:
�"� .�.2�CG _. -CN�S:I.^, ,�, �CU�, .'ZaR�° iQ YVES :;.erca aicn,; �e "s:::fi� il�e Cf SaiC .VC^ !-Eai!. �5
�2l.:C� n .'.C.^..°^ ;ir.e c' we ;ar.c _: � c.,r :: =�-: ?i aCC'� ^05 C85``„�,�,2!.• Ifi �2QC �6C�. � : �O. 'aC2 i % `'',
.r. s<iC .iecra�s Cf'ca. Ncr_, 35'_- �1' 'Nas: �a,^,8.3C !2s: ._ �a ar�r lir.e :i a �_s: �e.^.ce
a�cr.� seic �e4 sr.� cc.^-cEr.c, aicr.g :-e ifr.e c.' �_r, 3rarc^.°c_:h ;5'97'S� `Nest'<+2.'v �L
�:r..r_ aic--, naic =aek ar-c =�.,ar_'rg �e!ir.e �?:r, _r.^,cc, Sc�_^. 7_';"°7"Nes 51�.'9 cet
r�r-ir,5 t a..c^em Iir.e Y r-_r. 9r2r:c: he.,� alcr,c, saic ezex anC -e Ilr.e ct ? ?r,,:c;
��cr-.,'� �5"'C'_-'rves'.sa.�° ;� 3�et;ca �cry ;a;c ��eex y �C �r.cP asain :p^_ar�r,c, -e 7r.e c.' =cr.
:rc7�Ct NC^ i4'] ;'��? `NES. ?4.°_3 'eer '?l:G� 3fG^.C� ;aiG �x Vc.^_, 35 s5'`5 `Nes "a5.3C .`aeC
_ er,c` c�r'r.ur.s aic^y sa�.: _-eek �c^ v Z;'�?- �Nes :_°._.^ :eer. ;t:er.ca �4cr� 3�'".<�3" `Nes;
1��.76 :=e: �-a ccrxes: crer cf T_.vr. �=�r, :rr,c-. ar:c -�e wes Sre ci ;aic �e�� esst
Cuar,ar. ;�er.ra alcr.q said wes Iir.e Ncr`. C`�1'1d' '.Ves; ;s�.a,� �i ;c a?. iC. rtai! et 7fe
r.c.T.veat c^er �; eaic Sc�C�e�[ Ct.:zr..er. aI_c tcr.^y L�e �cu�^neat :.:mer c! ;te Nc.^e35:
C�ar,er af ��,^ c, ,-�wnr.ic 3 ScuC;, =arse ;G `Ne� � enca aicr.q ;he wesZ iir,e c` sald
Vcr.'-easi C�r.tr Ncr,^ C' r'�7' `Nest Zi`d_78 'eet � a„r.icer, ir,c�ara S�a �15�^'aY
C�rrr:�;cr. :-cre:.r.er., at _ a �^cr-�xes; =r..er �' ;aic :�c ,r..es C::ar,�r. -esc :e:r,:, �e ;,:u�.ves:
��r..er �'!re °cu^�s _��acPr c' =eeC�: 31, TC.vr,Y.7D Z SCUL^.. �3(7yH to'aes: �er;� :IC-^y �:e
sves: �ir.e c' s:ic Sa.�.eas Cwcar Nc^ �'::s'=;' �Ner. �C5.3' �et te a P. �(. ��ot� at y;e
^^-�ves: �:.er �: ;�;c Scc-aes Ce:�st. asc :eing �:e scu�.ves: :amer � 7^e Ncr_`;e�nt
Cca::er c' SaC�r. 3'. -,:•.vr,shic 2 Sce.^.. =s-_e �0 ',vM ;re•w 3icr.s :�e .v� :ir.e = sHiC
Nce`eaet Ce_rer Nc ;` ��a'S"'NC_^. Z."I..°Z;_° .'c_t �:;e 3c�weSt CrEf Cf !' � 35 CESCbBC
_C?/O ! �;C .:QX, '.tC taII3 �7G17^y 31C'y^ �hO 5�:.°= Ef^ 2f7C 935IB.T. �(7E9 C: ! ��:. {. iVCG' �$ G1�:�7�
C3St °_SQ rL :2_:: L VC1�. ��::��'.."�G 'PJoc :C�. i: i2°_r •" '
;c r.e :cir.. _ _e.r,:r.r.ir.c„ ,.,,, eir.icc, t.'9;.SZ°
ac=_s. ...c.'� �: !ess. seC'ee • --
, .� '5..��':JV�y. aa�r-ar..�. e�.� ,�ccr.s.
�
�
{ •€5 t r� - � - '-�`— Or
..�� �i�� `l � ^.fl � ± � i�l ; � " " _ j " " 1r t�" " 1A�� . .
. � . _ q t rl �t �1. .
�.....__.. � . � ,� -. __ )tl � i . � i
........I_ I _. :,..._ ll �:f � � 11 ;.;,t:,� � � y'.� I ��' n; - g;i� 1" y �. �' �a ; � x;l, �, I --�4 �!• ,
u � .���..
,,.., �
�
; ^.x::, ��.x I� ,.
,{ 9Y ._.l�:.,. . - , 4, I ... . �',1 ....._.,1 . C'1'._.._... i .:./"�� ... ' J '
�� I �
, S � r :. , � -,,,, � � ,,,,�„ � ��,. ,,, 1n r
_.__..._ ..;.... �.__.__ ,., ;,,., .. . ... _.. ; ��t ;�; ._ � �p��
�:
�" � �, „�r I
OVOL � � ...__,..._. � .............................. . (� :)vSlrn��plinn�ll'A1 � '-������. �� Lp
�iPRMn��ry ll..�rr; � .. . ��) �, �� � . .., ,,_ ......... ..........i..... �rL .�-U �:iP V) ��'J
`— --� m 11 5 � vi � .i � _._ ... . ^�i��;
...rvl¢ l.) 1 Y.j I�il I T�:t'r � 1) . �7 ,�` l � q` p ! ` .�•7'�� '� -� 4
�V• ��;��n^q � ���I �.I luryl /j'�`�'.� '1' '._._ `���3�� t^�-iPyl�l 1±I1�1.�!!: �'i // 1 �` L
�_ �----- —�_�. �•.. �':� t ,1 ?v ,,�'� �1- I- r
._-� .1viVr 17--�_' ^I ` _I tij 1
Pn�ol^11 ni�9:1 i T. ,' ''r:� �' r: 1l Ir 1J I i• �\..."" ; ��I� ��I � J I' L 1
:V 10� _I 1�11 U
+ 1 tl �
,�,,.,,� �,., i. ii�l.., �+,t ' � � I '. ; ° ,i � :''.r � , �'; n ;�,; . . ;I z,t �.yv c � , �:
---'-'-'I I "' �.- I�'I`7 „ 1� 1'i"�r ,r.�l x�iC'y tiJ�� � %��� Q.�� U f� �i. �
1.�, ?. ' ---...... --._ _.� �.. ._. _. • z—
�\ : / Y ��.(�' ♦
yr � � � ri:t':i n�' v I i ,. ..�. - - - - - - - ; V
��� I a= �.`� , �: � . , v)
r� y k��r. �SL � �I� r.�`�:t.� ,�tl � �,eir u
.r �':l� },� I: I �1 � lll
' , —,/ _._ Y ' + a, „ �, �� yy g�
.._ +
� ' :1V / 11•' ' , � �i ... _ _...,._ . � ",t . _'__ ""..._ _ __'�'__
� a Fr,� ��� f
�V � IC 5nmpy nn( �' " � nnnnln pllnlr '' ` ' __"
�`�� c� „
— --� --.i. /,�..i � �t I: Gr ... a � � � �
_ � �� � u
�I :��'cr� sl `1 .` � �� , ;,
�I' fI t �i 2'��i
�
� I" ' � � B� ,{; f 11 �i.
,,,,,,,,,�� � 1��,� ` ��iY
� --- - "''� � � ; � � 4. , � � . i
p�y , ��' mi ..� �. i ^ ;, I � s�I � �.1
.. _ ..�.. . i
_ � J, p �
� + r� �' �I � �� ,� � �
1 �• �� 1_.. ' � t� 1 � ,�������1� `I�I11...
�:" �,�� --- ---- --� !; ' , �" ' � � :V ���� �Y
i�
�i14 \ o� �,�':; �;1 ij �.',� � i.i �`� j�,C;„ u 1 � -._._ ............._
��6�� � G Q 1 �� �. „{ � 4�F :rv i m
i lllqu� � _:- .1� ...I i,� �1� \i 11 1� fn '� �I �n� �in ivlPll
�� = -f - _ I u ,�q�,� ,..� ��, ,� l. •l . (' I Q- I I�. _ .. . _ _ � _ � �n n
�.
- � - -- _Q. �.r..r,�: ---� ---� :.,------
, --- _ , _ r,�„-
� .r� y rJ , � �`� w ��i � � --- .�'" � ��;i � �;l ii
����:,� ,�ti ❑ � L�`� �;� i�, i I.; _. %i�l; '
.. ;�r � � r s ,t "„ , r
a � � � � � p� f� ��� f �r�; � „ �:�
.
]v .�i,. � �,7 � .� ..
' — ...-r:r.._ ; ' c._ , ... . . i ` � '. ' ��:
,•.,_- . _..: �,
..
^ . .I
�r%.` �' .ilil'��� � ��' . l. � --., ...�r.i. .i.li :._.:R�_.r.�. � ._ . �I i� �, '�'�� .
' � J u� � �� , y t� ( % ... .. r ... " JI I' il�:?.nr : �' 'Tl._.�I:�
!, d�f?�- k, :rii U{�:.� � , I r �� ..+I�I �
� � � � �� �1--�� -� . � �� ��I � '1lj r(� ,;
j' �: � � '� tr�� I 1 t i
:..^�_!+' 1� '.:;i .I.I ]��,i !; ' :��.; ��fa��� ' �.I �'I'� .jk �1 � 1�1;�t •�I�li"� ,I dly,ll ��!�
���. nq �y � Iry., r.i� r,t Ip '�7'i A. d _.. .,. �
€ I 1,F [t y� 1 p
6iK� II• ..��� �.l��n�� Ilr�il I'd) �� ��� ��' ��IJk�� I?Il�ininir���� �"'1�_ �IIY!) ���, II
.,...
� ...: . �
� -�- , ,•:,�P�! r � ' �: c� �. _ - - � . . ' .. f � „ � , �ny�:,, J��I �� !. � . ,`,
I, �....,y_ �� �l�f���l-�f'�1�i:!.'r....� �.�.i
i. �..,:.._ _ ,. . _ . - - - - - ' ' - " - "�s'---- 'i9�_J__�il�.�
W �
� � �
r-1 J
ri
�( � N
�' � �'g
l 1
� �t �
8�8�
� H
O
rl
� ro
� ��
.�
�� , �
� ,
o •,
u
g I�
7 �
P� �� '
�
�� �
�A ;u�
� �� N
� 10
�y�����
�y�41 '�
F.� 0 N � ,U�
. Exhibit B
. - 5�i a.
APPLICATION FOR APPROVAL OF
RE..�L AND PERSOtiAL PROPER7'Y TAX DEDUCTIONS "
SUBIIITTED B1'
T01'OTA �tOTOR �SA�UFACTURING,
INDI�IA, INC.
This .Application for Approval of Real and Personal Property Tax Deductions is submitted
to the Gibson County Counci] (the "Council") by Toyota Motor Manufachuing, Indiana, Inc•,
("T'vlivtI") and/or an affiliate thereof and/or another entiry that will construct an expansion to an
existine mo[or ��ehide manufacturine facility (7'M�4I, such affiliates and other entities collectively,
thz "Applicant'�). pursuant to the oro�•isions of 17��. CODE § 6-1.]-12.1-] et se ., as amended.
Pursuant to Resolutions \o. 1996-2 and 1996-3 (the "Resolutions"), the Council designated an azea
identified in the Resolutions and described herein as the Property to be an "economic revitalization
area" pursuant to I.C. 6-1.1-12.1, eranted real and personal propem� tar abatement in such azea for
ten (] 0) years, and approved the Applicant's real and personal property deductions for ten (10) yeazs
for the Facilit�� (as hereinafrer defined). The follow�ing information is provided in support of this
Application:
1. Address of the Applicant.
Tovota Motor Alanufacruring, Indiana, Inc.
4000 Tulip Tree Dri�•e
P.O. Box 4000
Princeton, Indiana 47670-4000
2. Backeround of T?�S�4I. T�4'�4I is an Indiana corporation ultimately wholly-owned
by Toyota ;�4otor Corporation, a leading Japanese motor vehicle manufacturer.
e
3. The Proiect. The .4pplicant will expand its existing vehicle assembly facility in
Gibson County (the "Facility") to increase the Faci lit�-'s capaciry for producing motor vehicles under
the nameplates ofTo�•ota Motor Corporation by approximately 150,000 units annually. The project
will consist of the construction of plant buildings and related real estate improvemenu and the
installation of new manufacruring equipment in the buildings (the "ProjecP'). The Project will
double the Facilin�'s production capacity to approximately 300,000 units per yeaz. Certain affiliates
ofTMi�fl ma�� im�est in and/or o�m a portion ofthe real estate improvements and new manufacturing
equipment as part of the Project.
4. The Economic Re��italization Area and Location of the Proiect. The property on
wfiich the Project «ili be constructed (the "Propem�') is approximatelq 1200 Acres ofland bounded
on the w�est b�� liS 41, bounded on the north by County Road 350 South, bounded on the east by
Count}• Road 100 East as if extended to County Road 350 South, and bounded on the south by an
81 acre tract of properzy knoun u Schumeier Farms and a 10.1 acre tract of property owned by the
To��n of Fon Branch. and ��as declared ar. "economic re�•italization area" pursuant to the
Resolutions.
5. Description of the Proiect. The Applicant will expand the Facility to produce
approximatel�• an additional I 50,000 units of motor ��ehicles under the nameplates of Toyota Motor
Corporation. 'I�he Project wil] include the acquisition and installation.of additional operating
equipment and special tooling for stampine, welding, painting, assembly and plastic molding
functions necessary to expand the capacirv of the Facility to meet the projected increase in
production volume.
-2-
ier �
��ia
The Applicant expects that construction of the Project will commence in late 2000 and will
be completed b}• approximateh� eazly 2003. Initial ��ehide production associated with the Project
is expected to commence in eazly 2003.
6. Benefits of the Proiect. The benefits of the Project aze described below and further
set forth on the Statement of Benefits attached hereto as Attachment I. The Statement of Benefits
attached hereto as Attachment I is based on the best information available at the time of this filing.
A. Increased Emolo��rnent. The Applicant anticipates ihat it will employ
appro�imateh� 2,000 additional persons at the Project w�ith averaee compensation of522.50
per hour. The a� era�e compensation initially �� ill be lower than such amount, but w�ill
graduall}• increase to 52250 per hour by late 2005. The Project will increue total
emplo}�nent at the Faciliry to approximately 4,300.
B. lncreased Propem� Tax Base. In completing the Project, the Applicant will
invest at the Princeton site approximately $90,000,000 to 5170,000,000 in real estate
improvements and approximately 5435,000,000 to $540,000,000 in new manufacturing
equipment. As the requested property tax abatement is phased out according to the schedule
pro��ided by starute, the assessment associated with this investrnent will be added to the local
propem� tax base.
-3-
• ,
. �i
The figures and dates above aze all estimates based on the best information available at this
time and couid vary based on variations in pricing conditions, engineering considerations, and
foreien currency exchanee fluctuations.
7. Qualification as an Economic Re��italization Area. The Property was declazed an
"economic revitalization azea" pursuant to the Resolurions.
m�soi awi �ssao%.i
TOYOT.4 MOTOR MANUFACTURR�iG,
I\�DIA.\A, Ii�'C.
,
s�(��
� Seizo Okamoto, President
C!
� ' '�'°_� STATEMENT OF BENEFITS
���?�� Siale Porm 27167 (R5/ N-95)
�. , Form SB - 1 is proscnEed Cy �ne Slale Boatd al Tu Commiuioners, 1989
��'�
A[cach�ent I
qJ,�� � FORM
v�/ 56 -1
INSTRUC ilOf15:
7. This s�atemem rust De suDmi�red ro the aody Cesignatir,g Ne economrc revitilization area pnor ro Ne public hearing i/ Ne designabng Dody requires infc
ma[icn ;rem me appficar; ;n rakins i�s Cr_isicr aoour wr,emer to cesisnate an Ec000mic Revi�aGzation A�ea. Otnervnse Nis s+atement m�sf De SuDmiue
to tne Ceslgnatlng ooCy BEfORE a person installs [ne new manu/auu�mg equipment. or BEFORE [ne redevelopment or rena�rlicadon of real propertyl,
wnicn tne person wisnes ro daim a Oeduaiort 'Projec�s' planned or commnted m alrer July 7. 7987 and areas Oesignared alter Juty 1. 7987 reqmre
57ATc'McNTOFBcNEF1T5. (IC6�7.7�12.7)
1. ApO�oval ol Ne desisnating DoCy IC+fy Council. Town Boe�d. COUney Council. etc.) must be oDtained pdor ro inivation W tne redevelapment orrehabilitauor. -
or pncr m insa�la[ion of ine new manulacturrng eGuipment BFFORE a deCuttion may �e apptoved.
3. 70 oocain a cedur,ion, Fwm 322 E�. Real Esaee Improvemen[s and / or Form 322 ERA/ PP. New MacNnety, must De fletl wi�h [he covnry audieoc V.4:
respecr ro real prope�ry. Form 312 ERA must ee �fed Dy Ne late` o% (t) May 70: er (2) ttirty (?OJ tlays aher a nouce of increase in �eal properry assessme�
is rxeive0 lrom �ne �ownsnip assessor. Form 321 ERA / PP mu5f De filed OeRVeen MarC11 7 an0 May 75 Of NB a55e55mEnI yea/ in wN[h new manulat
twing eyvipmen� Decomes assessa0le. unless a fiGng ex�ension nas Deen oDtained. A person who oD�ains a(li� eatensipn must �Jp Ne larm Detwee
MaI[n 7 an0 June 70 of Nat yeaf. � �.
a. Prc�erty owners wnose S[a�emen� ol Bene�[s was approved aher June 30. 1991 must suDmic Form CF - 7 ann m show compNAdc�N the Stateme:
alBeraa:s. (fC6�7.1-i7.7S.E) �� .�'�
oftaspayer
ic}�oca )!etor >'armEac:uzing, Ind!ana, Inc.
ss ot :axpa� ^: Is;ree' ane r.::r,.�er. city. s;are zr,c Z�? cxa/
�000 Zu!ip Iree Drive, P.O. Box 4000
7r:ncecon, Indiar.a �76i0-4000
F E'-
Name ct rr.;ac; pe:son
Richa:d J.�Hall, 9a�nes 6 itiorn0uzg, li S. Heridian St., Ind!anapolis, IV 4620»
Name of cevgna�rg 7ccy
G_CSC:; Ccur,:�' Cocnci:
Wcanrn c1 pcper.�
Se� fahi�'.: A actac'�eG
�es4i^,ticn of n�l :ropery impmvem�
(use adciuo.�/ sreets ilne=essaryl
e
See Ex`.iS1c A a:ca::�eC
/ornew
GiDsan
� i �.
!� u.
`�:r'.
;ncne numter
31i � 231-i�16
�iuvan numttr
�9 a�ss�� Lnicn =ovr,ship
�ka SovnsEip
ESTIMATED
Star. �ate I CamcleGon Date
Real Es'ate ha;e 2000
New Mtg Equipment
ea-1� 2003
SaWnes_
5.2.50 pez hocr
NOTE: ?ursuar.:;o IC E-1.1-72.1-5.1 (e) (2) Ne
COST cf:ne :rccer,y is rr.�oenual.
Curtent •+afr. s
Fics esi�a�ec :alues:f creccxa :rcie�
Less vaNes of any ora0erty oeing recuutl
Net esvnateC values u0o� �mD�eticn of projeei
Assessed Value
Esvm,ateo sclid waste amer,ee (;.our,CS) Estlma:ea nazarecus waste convertee (pounCS)
**?Te abeve cosc es�imaces anC assessed value escinaces are approximacions
Other�enefies: Dased on [�e Des[ inEomacion curzencly availabie :or ihe real esta[e
ireroveaer.:s ar.d r�ac�_�ery covered. �
Y a.:r•= �ea rec�esec;a[r.
s�emaru
St?zo Okaaoco,
Pres:den:
Assessed Value
�mo-;n. cay. yeaq
e
\
� �r
We have revieweC our prior actions relaGng ro the designation ot this economic revitalization area and find that the appiicanc mee[s me
general stardzrds adopted in the resolution previously approved by this 6ody. Said resolution, passed under IC 6-7J•12.1•2S, pro-
vides (or the lollowing limitatlons as authorizeC uneer IC 6-1 J-t2. �-2.
A. The desigrated area has been Iimi;ed to a period of Ume nct to exceed N'� calendar years '(see below). The date this
desigration expires is '�— � .
B. The type of deduction that is allowed in the designated area is Iimited to:
7. Redevelopment or rehabilitation of real estate improvemen;s; � Yes ❑ N o
2. Installation of new manulacturing equipment; �7 Yes ❑ N o
3. Fesidentially distressed areas ❑ Yes I�No
C.The amount ot deducuon applicable fcr new manufacturing equipment is limited to 5 � cost wiN an assessed
value oi S N A
D.The amount ol deduaion applicabie :o redevelepmen[ or rehabili;ation is limited to S N�
value of S n'��'
E. Other limitaeicns or condi;iens (speci�y) NO
cost with an assessed
F. The Ce?uc:icr, ter new rnanvtac:uring ecuipmert ins:alled ane tirst claimed eligible for deduction after July 1, 1997 is ailowed for.
❑ 5 yezr5 � 10 years Tne cecuaion pericc will be five (5) yea:s uNess Ne cesiGnatinS body has by resolulion specAied the ten (70) year perioc.
Alsc we have revieweC the information contained in the statement of benefits and find that the estimates and expeccations are reason-
ahle anC have determinee that �e rotaliry ol benefits is suKcient ;o justlty the deducfion described above.
lgna�-re anc uue c/ aumcrizea memce:)
cC t.� ,�. �`�-c-�-c��v
.y:
numCe;
Y�/z.E�J �,CI c;�ia) � Y�r' G Y o 7
'4 � � �Designatec Cocy
. I
o. b� � � ��.... �:
c2 //S/00
�ay, y�a��
' If the desicratir5 tody limis the Une perioC during which an area is an economic reviCl'¢ation area, it does not 6mR the length af time
a taupayer is ernUed ro receive a deduc:icr, ;o a numeer of years designated under IC 6•1.1 •12.1-4 or 4.5 Namety: (see tables below)
Year M
Deduction
15t
2nc
scr
e,r,
iw
Throe (3) Vaar
peductlon
100%
EE°6
Six (B) Year
Detluetlon
66°6
50°6
Ten (10) Yaer
Deduc[lon
80°/
30°�0
20°0
�L�1�
Exhibit A
Location of Prooen.�
The propem� on which the Project will be constructed is approximately 1200 acres of land
bounded on the west by US 41, bounded on the north by County Road 350 South, bounded on the
east by County Road 100 East as if excended to Counry Road 350 South, and bounded on the south
by an 81 acre tract of property knowr as Schumeier Fazms and a 10.1 acre tract of property owned
by the Towm of Fort Branch.
\ame of Taxpayer and Description of Real
Propenv Imnro��ements and �ew Manufacturine Equioment
Toyota Motor Manufacruring, lndiana, Inc. (the "Applicant") will expand its existing vehicle
assembh� facilitv in Gibson County (the "Facilin ") to increase the Faciliry's capacity for producing
motor vehicles under the nameplates of Toyota Motor Corporation by approximately 15Q000 units
annually. The project will consist of the construction of plant buildings and related rea] estate
impro��ements and the installation ofnew manufacruring equipment in the buildings (the "Project").
The Project �t ill double the Facility's production capacity to approximately 300,000 units per year.
Certain affiliates ofthe Applicant may invest in andior own a portion ofthe real estate improvements
and new� manufacrurine equipment as p'art of the Project.
� �. gbl a-
Exhibit B
ESTI�IATE OF E�IPL01'EES A:\� SALARIES AS RESLZT OF PROPOSED PROJECT
Applicanc's pre�•iousl�•-announced ini tial expansion of the Faci lirv (Phase 2-announced Spring 1995)
to increase producci� e capacin� to 1�Q000 units is currently under�•a�• wi[h a planned start-up set for Fall
2000. The current number of employees and related salary information rcported in Section 3 of Attachmrnt
I represent the expected employment and salary information upon completion of Phase 2. The Project
described in this application (Phase �) w�ill add an additional 2000 employees with esrimated avcrage
compensation of 522.�0 per hour. A��erage compensation inirially will be lower than such amo�t, but w�ll
gradually increase to 522.50 per hour by late 2005.
ESTI�fATED TOTAL COST .4.\"D VALL� OF PROPOSED PROJECT
Section 4 Real Estate Improvements Machinen�
Assessed Assessed
Cost Value" Cost Value•'•
Cu*rent S1»,000,000- S>1,666,16i- 5750,000,000- 5100,OOQ000-
values` 5245,000,000 Sfi1,666.666 $928,OOQ000 5123,733,333
Plus estimated 5 90,000,000 - 530,000.000 - 543�,000,000 - S�S,000000 -
��alues of 5170.000.000 5�6,666.66i 5540,000,000 572,000,000
proposed project �
Lcss values of
any propem
bcing replaced -0- -0- -0- -0-
Net esrimated 5245,000,000 - S 81,666,667 - 51,185,000,000 - 5158,000,000 -
�aluesupon 5�15,000.000 513&.333,333 51,468,000,000 5195,733,333
completion oi
project'
As indicatcd above, the Phase 2 expansion is not yet compkted. I'he above amounu reported as
"Curren[ Values" represent escima�es of the cosc and usessed value of the Faciliry upon complecion
of Phase 2, as originally projected in [he Form SB-1's for Phase I and Phase II. �
•• The assessed value of the real propem� improvemenss depmds on the assessment rntcred by the
township. The abo��e estimate is stated as 1/3 of estimated construction costs. The actual assessed
value is expected [o vary from this amoun[.
•" The assessed � alue of machinery w�ill �'an� from this projected figure based on the specific dollar
value associated with special tooling included within the machinery total.
The above cost estimates and assessed value estimates for this Project (Phase 3) are approximatations
based in the best information currenth� a� ailable for the real estate improvemrnts and machinery covered.
Final figures may differ from the above.
f�D5111 RXH 355BIA1