Resolutions_2000-70
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RESOLUTION APPROVING ABATEMENT FOR
REXAM CLOSURES AND WAIVING THE FAILURE
TO SUBMIT A STATEMENT OF BENEFITS BEFORE
THE INITIATION OF REDEVELOPMENT OR REHABILITATION
WHEREAS, the Gibson County CounciL Gibson County, Indiana, by ResolutionNo. 1989-
1-17 designated an area ofapproximately 38.25 acres located on McCarty Road in Patoka Township
(the "Site") as an economic revitalization azea under the pursuant to IC 5-1.1-12.1-I et seq., and,
following legally requ'ved public notice and public hearing, by Resolution 1989-1-17 confirmed
Resolution No?� -7 ; and
WHEREAS. the Gibson County Council, Gibson County, Indiana, County Council has been
advised by Rexam Closures & Containers ("Rexam') of a proposed revitaliTation program (the
"Project') which includes certain real property redevelopment or rehabiGtation and the installation
of"new manufacturing equipmenY' as such term is defined in IC 6-1.1-12.1-1(3) on the Site; and
WHEREAS, Rexam anticipates increases in the assessed value of real property from the
proposed redevelopment or rehabilitation of real propeRy and anticipates increases in the assessed
value of personal property due to the installation of new manufacturing equipment as a result of the
Project and has requested property tax abatement with respect to such anticipated increases and has
submitted documents, including a statement of benefits (the "Statement"), to the Gibson County
Council, Gibson County, Indiana, in the form attached hereto as Exhibit A and incorporated herein
by reference; and
WHEREAS, the Gibson County Council, Gibson County, Indiana, has been advised by
Rexam that it failed to submit the Statement to this Council prior to the initiation of the Project and
has requested this Council to waive such failure under IC 6-1.1-12.1-11.3; and
WHEREAS, notice of a hearing on the propeRy tax abatement and waiver requested by
Rexam has been pubGshed in accordance with IC 5-3-1; and
WHEREAS, as appears in the records ofthis CounciL no remonstrances or objectio�s have
been received, and the Council now having considered its prior action and the waiver requested by
Rexam, and having heard evidence thereon and being fully and sufficiently advised in the premises
now finds that Rexam`s failure to submit the Statement to this Council prior to the uutiation of the
Projectshould be waived;and
WHEREAS, the Gibson County Council, Gibson County, Indiana, hereby deternilnes that
the deductions under IC 6-1.1-12.1-3 and IC 6-1.1-12.1-4.5 should be allowed based on the
following findings:
(1) The estimate ofthe value ofthe 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 estimates 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 or rehabilitation and the proposed installation of new
manufacturing equipment.
(3) The estimate of the annual salazies of those individuals who will be employed or
whose employment will be retained can be reasonably expected to result from the
proposed described redevelopment or rehabilitation and the proposed installation of
new manufacturing equipment.
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(4) The number of individual oppominities for employment, both temporary and
pemianent, and the compensation to be paid to employees, along with the value ofthe
acquisition and construction of improvements, create benefits ofthe type and quality
anticipated by this Council within the Site and can reasonably be expected to result
from the proposed described redevelopment or rehabilitatio❑ and the proposed
installation of new manufacturing equipment.
(5) the totality of benefits is sufficient to justify the deductions; and
WHEREAS, the Gibson County Council, Gibson County, Indiana, hereby finds that the
purposes of IC 6-1.1-12.1 aze served by allowing Reacam the deductions provided by IC 6-1.1-12.3
for a period of ten (10) years and by allowing Rexam the deductions provided by IC 6-1.1-12.1-4.�
for a period of ten (10) yeazs;
NOW, THEREFORE, BE IT RESOLVED bythe Gibson County CounciL Gibson County,
Indiana, that
1. This Council now and hereby waives the failure by Rexam to submit the Statement
to this Council prior to the initiation of the Project.
2. Rexam shall be entitled to the deductions provided by IC 6-1.1-12.1-3 for a period
of ten (10) yeazs with respect to real propeRy which is redeveloped or rehabilitated
as contemplated by and reflected in Exhibit A and shall be entitled to the deductions
provided by IC 6-1-12.1-4.5 for a period of ten (10) yeazs with respect to new
manufacturing equipment which is installed as contemplated by and reflected in
E�chibit A.
3. The statement ofbenefits submitted by Rexam is hereby approved.
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ADOPTED, this �/day of October, 2000, the Gibson County Councd, Gibson County,
Indiana.
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NOTICE � j j�
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NOTICE IS HEREBY G[VEN that the Gibson County Council, Gibson County, Indiana,
at its regulaz meeting on the 17'" day of October, 2000, will consider a request from Re�cam Closures
& Containers ("Rexam") for propeRy tax abatement with respect to a proposed revitalization
program (the "Project") which includes certain real property redevelopment or rehabilitation and the
installation of"new manufacturing equipment" as such term is defined in IC 6-1.1-12.1-1(3) on land
owned by Rexacn and located on McCarty Road in Patoka Township, Gibson County, Indiana, and
a request by Rexam that the Council waive Rexam's failure to submit a statement oFbenefits to the
Council prior to the initiation ofthe Project pursuant to IC 6-1.1-12.1-11.3.
Notice is hereby given that the Gibson County Council, Gibson County, Indiana will until the
hour of9:00 a.m. on the 17"' day ofOctober, 2000, receive from interested persons and then hear any
and all remonstrances and objections to the requests made by Rexam and then and there take final
action approving or denying Rexam's requests for abatement and waiver of its failure to submit a
statement of benefits prior to the initiation of the Project.
Dated this day of September, 2000.
ATTEST:
Ken W. Greubel, Auditor of Gibson County
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