03-23-09 Common Council Meeting Agenda & Packet

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STATEMENT OF BENEFITS 4 PERSONAL PROPERTY t> State Form 51764 (R 11-06) Prescribed by the Department of Local Government Finance FORM SBA i PP PRIVACY NOTICE The cost and any specific individual's salary information is confidential; the balance of the filing is public record per IC 6-1.1- 12.1 -5.1 (c ) and (d). INSTRUCTIONS. 1. This statement must be submitted to the body designating the Economic Revitalization Area prior to the public hearing if the designating body requires information from the applicant in making its decision about whether to designate an Economic Revitalization Area. Otherwise this statement must be submitted to the designating body BEFORE a person installs the new manufacturing equipment and/or research and development equipment, and/or logistical distribution equipment and/or information technology equipment for which the person wishes to claim a deduction. "Projects* planned or committed to after July 1, 1987, and areas designated after July 1, 1987, require a STATEMENT OF BENEFITS. (IC 6 -1.1 -12.1) 2. Approval of the designating body (City Council, Town Board, County Council, etc.) must be obtained prior to installation of the new manufacturing equipment and /or research and development equipment and/or logistical distribution equipment and /or information technology equipment, BEFORE a deduction may be approved 3. To obtain a deduction, a person must file a certified deduction schedule with the person's personal property return on a certified deduction schedule (Form 103 -ERA) with the township assessor of the township where the property is situated. The 103 -ERA must be filed between March 1 and May 15 of the assessment year in which new manufacturing equipment and/or research and development equipment and/or logistical distribution equipment and/or information technology equipment is installed and fully functional, unless a filing extension has been obtained. A person who obtains a filing extension must file the form between March i and the extended due date of that year. 4. Property owners whose Statement of Benefits was approved after June 30, 1991, must submit Form CF -1 / PP annually to show compliance with the Statement of8enefits. (iC 6- 1.1- 12.1 -5.6) 5. The schedules established under 1C 6- 1.1- 12.1- 4.5(d) and (e) apply to equipment installed after March 1, 2001. For equipment installed prior to March 2, 2001, the schedules and statutes in effect at the time shall continue to apply. (IC 6- 1.1- 12.14.5(f) and (g)) SECTI . -,. ., Name of taxpayer Treadstone LLC Address of taxpayer (number and street, city, state, and ZIP code) 445 N Sheridan St Name of contact person Telephone number Debra Sanderson (574) 234 - 9520 SECTION 2 LOCATION AND DESCRIPTION OF PROPOSED PROJECT Name of designating body Resolution number (s) Treadstone LLC Location of property County DLGF taxing district number 445 N Sheridan St St Joseph Description of manufacturing equipment and/or research and development equipment ESTIMATED and /or logistical distribution equipment and /or information technology equipment. START DATE COMPLETION DATE (use additional sheets if necessary) Manufacturing Equipment 12/01/2008 04/09/2009 Building new tire shredding equipment, based on prototype that is currently in use, to process rubber tires R s D Equipment into rubber mulch and prevent said tires from being I Logist Dist Equipment landfilled I IT Equipment P ROPOSED SECTION 3 ESTIMATE OF EMPLOYEES AND SALARIES AS RESULT OF •. Current number Salaries Number retalned Salaries Number additional Salaries 5 �6 r/ Actr 1 5 140 0s9It 3 60 000- o0 SECTION 4 ESTIMATED TOTAL COST AND VALUE OF PROPOSED PROJECT NOTE: Pursuant to IC 6 -1.1- 12.1 -5.1 (d) (2) the MANUFACTURING R & D EQUIPMENT LOGIST DM I IT EQUIPMENT EQUIPMENT EQUIPMENT COST of the property is confidential. COST ASSESSED COST ASSESSED COST ASSESSED COST ASSESSED VALUE VALUE VALUE VALUE Current values Plus estimated values of proposed project 200,000.00 200,000.00 Less values of any property being replaced Net estimated values upon completion of protect 1200,OOLOD 200,000.00 SECTI • AND OTHER BENEFITS PROMISED BY THE TAXPAYER Estimated solid waste converted (pounds)1. „ D� . cic1 Estimated hazardous waste converted (pounds) _ N I - W Other benefits: For every 40.000 pounds of tires recycles that saves 1750 cubic feet of landfill space. 99% of material in the tire is recycled by this facility SECTI CERTIFICATIO 1 hereby certify that the representations in this statement are true. Signa of authorize representative Tid Date signed (month, day, year)