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Reconfirming Tax Abatement - McCormick Co
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Reconfirming Tax Abatement - McCormick Co
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Last modified
2/23/2011 12:00:09 PM
Creation date
2/23/2011 12:00:09 PM
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City Council - City Clerk
City Council - Document Type
Resolutions
City Counci - Date
2/14/2011
Ord-Res Number
4082-10
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t+� �+s <br /> ,� �� STATEMENT OF BENEFITS FORM SB-1 /PP <br /> �� � PERSONAL PROPERTY AMENDED <br /> � � State Form 51754(R/1-os) PRIVACY NOTICE <br /> ''• Prescribed by the Department of Local Govemmeni Finance <br /> The cost and any specific individual's <br /> salary information is confidenUal;the <br /> balance oi the filing is public record <br /> per IC&1.1•72.7-5.1(c)and d). <br /> INSTRUCTIONS: <br /> 1. This statemeni must be submitied to the body designafing ihe Economic Revitalization Area prior to the public hearing il the designating body requires <br /> information from the applicant in making its decision about whether to designate an Economic Revitalization Area. Othenvise this statement must be submitted <br /> to the designating body BEFORP a person installs the new manufacturing equipment and/or resear�h and development equipment,and/or IogisGcaf disfribution <br /> equipment and/or information fechnology equipment for which the person wishes lo cfaim a deduction. `Projects"planned orcommitted lo aRerJufy 1, 1987, <br /> and areas designated afterJuly 1.1987,require a STATEMENT OF BENEFlTS. (IC 6-1.1-12.f) <br /> 2. Approva/of the desigrtating body(Ciry Councif,Town 8oard,Counfy Council,efc.) must be obtained prior to installation of the new manufacturing equipment <br /> and/or research and development equipment and/or Iogistical distributlon equipment and/or information technology equipment,BEFORE a deduciion may <br /> be approved <br /> 3. To o6tain a deduction,a person must file a certified deduction schedule with the person's personal property retum on a certified deduction schedule(Form <br /> ?03-ERA)with the fownshlp assessor of the township where ihe property is situated. The 103-ERA must be frled befiveen Ma�ch 1 and May f5 of the <br /> assessment year in which new manufacturing equipment andJor research and development equipment and/or logistical drstribution equipment and/or <br /> in/ormation technology equipment is installed and fully funcUonal,unless a filing extension has treen obtained. A person who o6tains a filing extension must <br /> file the form between Maroh 1 and the exfended due date of that year. <br /> 4. PropeRy owners whosa Statement of Benefits was approved afte�June 30, 1991,must su6mrt Form CF-1/PP annually to show compfiance wiih the <br /> Statementof8enefits. (106-1.1-12.1-5.6J <br /> 5. The schedules estabffshed under 1C 6-1.1-12.1-4.5(d)and(e)appfy fo equipmenf insfalfed aRer March 1,2001. For equipment installed prior to March 2, <br /> 2001,the schedules and statufes in effect at the time shall oontinue to apply. (IC 6-1.1-12.1-4.5(n and(g)) <br /> • .• . <br /> Name of taxpayer <br /> McCormick and Company, Inc. <br /> Address of taxpayer(number and streel,crty,state,and Z1P code) <br /> 18 Loveton Circle,Sparks,MD 21152 <br /> Nama of contact person Telephone number <br /> Deidre Cassidy (410)771•7381 <br /> • • . � . . . -.•. . ••• <br /> Name of designating body Resolution number(s) <br /> LocaGon of property Counry DLGF taxing district number <br /> 3425 West Lathrop Drive,South Bend,IN St.JosePh <br /> Description of manufacturing equipment andlor research and development equipment ESTIMATEO <br /> and/or lo9istical distribution eqwpment andlor information technology equipment. START OATE COMPLETioN DaTE <br /> (use add�tional sheefs if necessary) <br /> We are expanding the investment in personal property Manufacturing Equipment os�o��zo�o o�io�i2o�z <br /> through the purchase of additional packaging equipment R 8 D Equipment <br /> allowing us to sort, fill,wrap and palletize plastic bottles Logist Dist Equipment <br /> for liquid marinades. IT Equipment <br /> . . . � . -.•. . ••. <br /> Current number Salaries Number retained Selaries Number addiGonal Salaries <br /> 133 6,718,833.00 133 6,7'i 8,833.00 14 483,101.00 <br /> . � . . . . -.•. . •-. <br /> MANUFACTURING R$0 EQUIPMENT LOGIST DIST �7'EQUIPMENT <br /> NOTE:Pursuant to IC 6-1.1-12.1-5.1 (d)(2)the EQUIPMENT EQUIPMENT <br /> COST of the property is confidential. COST �ESSEO COST �SESSED COST ASSESSEA COST �SESSED <br /> Please see attachment UALUE �ALUE VA�UE VALUE <br /> Current values 20,809,992.00 7,439,430.00 685,405.00 228,674.00 <br /> Plus estEmated values of proposed project �,950,655.00 �es,saa.00 <br /> Less values of any property being replaced o.00 <br /> Net estimated valUes upon comple6on of project 28.760,647.00 e��,3as.oa • <br /> • • � . • -. . <br /> Estimated solid waste converted(pounds) Estimated hazardous waste conveAed(pounds) <br /> Other beneflts: <br /> None wifh current project. Wast water facility previously built to treat H20 <br /> . , <br /> I hereby certity that the representations in this statement are true. <br /> Si uthor�ed represeMati TiUe Date slgned(month,day,}rea� <br /> / <br /> Oirector-State&Local Tax a� j� <br />
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