HomeMy WebLinkAboutResolution CC-03-04-19-01 Braun Corporation Confirmatory Resolution Sponsor: Councilor Campbell
RESOLUTION NO. CC 03-04-19-01
A CONFIRMATORY RESOLUTION DESIGNATING
AN ECONOMIC REVITALIZATION AREA FOR
THE BRAUN CORPORATION D/B/A BRAUNABILITY,
AND APPROVING DEDUCTIONS FOR PERSONAL PROPERTY
Synopsis: A resolution confirming the designation of the real property located at 645 West
Carmel Drive, Carmel,Indiana as an economic revitalization area and granting a partial
abatement of property taxes attributable to certain eligible equipment installed on the real
property.
WHEREAS, Indiana Code 6-1.1-12.1 (the "Act") allows a partial abatement of property
taxes attributable to the installation of certain equipment in"economic revitalization areas"; and,
WHEREAS, the Act provides that an economic revitalization area must be a geographic
area which is within the corporate limits of a city and which has become undesirable for, or
impossible of, normal development and occupancy because of lack of development, cessation of
growth, deterioration of improvements or character of occupancy, age, obsolescence,
substandard building or other factors which have impaired values or prevent a normal
development of property or use of property; and,
WHEREAS, the Act authorizes the Common Council of the City of Carmel, Indiana
("the Council") to designate economic revitalization areas by following a procedure involving
adoption of a preliminary resolution, publication of a notice of a public hearing, conducting a
public hearing and adoption of a final resolution confirming the preliminary resolution; and,
WHEREAS, the Council believes that it is in the best interests of the citizens of the City
of Carmel (the"City")to create an economic revitalization area designation in a manner whereby
citizens of the City of Carmel will benefit from the creation of permanent jobs, expansion of the
property tax base, and protection of private investment; and,
WHEREAS, the Braun Corporation, d/b/a BraunAbility, (the "Company"), has filed a
Statement of Benefits Form (SB-1) with the City of Carmel, a copy of which is attached hereto;
This Resolution was prepared by Jon Oberlander,Cannel Assistant Corporation Counsel,on February 21,2019 at 11:22 a.m.No
subsequent revision to this Resolution has been reviewed by Mr.Oberlander for legal sufficiency or otherwise.
Sponsor: Councilor Campbell
and,
WHEREAS, the Company is requesting that the real estate located at 645 West Cannel
Drive, Carmel, Indiana (the"Project Site")be designated as an Economic Revitalization Area for
the purpose of achieving property tax savings in connection with the acquisition and installation
of certain depreciable personal property("the Project") at the Project Site; and,
WHEREAS, the Project Site is shown on Exhibit A, which is attached hereto and
incorporated herein by this reference, and is presently part of Hamilton County Tax Parcel 16-
09-36-00-02-005.000; and,
WHEREAS, the Company anticipates installing approximately One Million Nine
Hundred Thousand Dollars ($1,900,000) of new Research and Development equipment, (all of
which is hereinafter referred to as "Eligible Personal Property"); and,
WHEREAS, the Company anticipates the relocation of one hundred ten (110) existing
employees compensated at an average annual wage of Ninety Thousand ($90,000) per year
(excluding benefits) to Cannel as a result of the Project. The Company also anticipates adding
approximately sixty eight(68)new employees compensated at an average annual wage of Ninety
Two Thousand Dollars ($92,000)per year(excluding benefits) as a result of the Project; and,
WHEREAS, the Council, on February 18, 2019, passed Preliminary Resolution CC 02-
18-19-01 which preliminarily designated the Project Site as an Economic Revitalization Area
and establish schedules for deductions to the assessed value of Eligible Personal Property located
at the Project Site; and,
WHERAS, a Notice of Adoption of the Preliminary Resolution and Notice of Public
Hearing to be held on March 4, 2019, was duly published in the Noblesville Times newspaper on
the 22nd day of February, 2019; and,
WHEREAS, the public hearing advertised in the above notice has been held.
This Resolution was prepared by Jon Oberlander,Cannel Assistant Corporation Counsel,on February 21,2019 at 11:22 a.m.No
subsequent revision to this Resolution has been reviewed by Mr.Oberlander for legal sufficiency or otherwise.
Sponsor: Councilor Campbell
BASED UPON THE ABOVE, IT IS THEREFORE RESOLVED, by the Common
Council of the City of Carmel as follows:
1. The application for an economic revitalization area designation relative to the
Project was filed in proper form and the Statement of Benefits Form (SB-1), which was filed as
of January 29, 2019, is hereby approved by the Council.
2. The Project Site is located in an area of the City where municipal services are
provided and no additional infrastructure will be necessitated by the Project.
3. There is evidence provided which establishes that the subject real estate meets
with "undesirable for normal development" criterion of Indiana Code 6-1.1-12.1-1 due to the
following conditions:
a. The Project Site is zoned for and is generally suitable for the proposed use
of commercial office; however, given the age of the facility at the Project
Site and the complexity of the technology systems being installed at the
site, and security systems and structures required, investment in the
Eligible Personal Property will require significant additional investment in
real property improvements to accommodate the Project.
b. The proposed use of the Project Site as a corporate headquarters for the
Company is consistent with the site's existing development pattern and
represents a superior use for the Project Site.
4. Evidence has been submitted and considered which tends to establish that the
Project will further and promote municipal development objectives by expansion of the property
tax base through the purchase and installation of the Eligible Personal Property.
5. The Council hereby designates the Project Site as an Economic Revitalization
This Resolution was prepared by Jon Oberlander,Cannel Assistant Corporation Counsel,on February 21,2019 at 11:22 a..m.No
subsequent revision to this Resolution has been reviewed by Mr.Oberlander for legal sufficiency or otherwise.
Sponsor: Councilor Campbell
Area for purposes of establishing a deduction to the assessed value of Eligible Personal Property
acquired and installed within the building located upon the Project Site.
6. The deduction provided by this Resolution shall be for the assessed value of all
Eligible Personal Property installed at the Project Site on or prior to March 31, 2021, and for a
period of ten (10) years from the date of the first full assessment of the Eligible Personal
Property located at the Project Site. The Company agrees to not file any appeal of annual tax
assessments over the course of the ten (10) year period. The Council hereby fmds, declares and
determines that deductions from the assessed value of the Eligible Personal Property approved by
this Resolution shall be allowed pursuant to the following ten (10) year deduction schedule, which
the Common Council hereby establishes,prescribes and adopts:
YEAR OF DEDUCTION PERCENTAGE OF DEDUCTION
1st 75%
2nd 75%
3rd 75%
4th 75%
5th 75%
6th 75%
7th 75%
8th 75%
9th 75%
10th 75%
11th 0%
7. In support of the deductions contained in this Resolution, the Council makes the
following FINDINGS:
a. The estimated cost of the Eligible Personal Property investment presented by
the Company is reasonable for equipment of that type.
b. The estimate of the number of individuals who will be employed or whose
employment will be relocated by the Company can be reasonably expected to
This Resolution was prepared by Jon Oberlander,Carmel Assistant Corporation Counsel,on February 21,2019 at 11:22 a.m.No
subsequent revision to this Resolution has been reviewed by Mr.Oberlander for legal sufficiency or otherwise.
Sponsor: Councilor Campbell
result from the installation of the Eligible Personal Property.
c. The annual salaries for the individuals who will be employed or whose
employment will be relocated by the Company can reasonably be expected to
result from the installation of the Eligible Personal.
d. Based on the increased assessed valuation and the expansion of the
employment base within the City of Carmel, the benefits to the City are
sufficient to justify the granting of the deduction described in Section 6 above.
8. The deductions provided by this Resolution are subject to the Company's
compliance with the terms of Indiana Code 6-1.1-12.1 and may only be modified or terminated
by the City by following the procedures contained in Indiana Code 6-1.1-12.1-5.9.
9. A copy of this Resolution shall be filed with the Hamilton County Assessor as
required by I.C. 6-1.1-12.1-2.5.
[signature page follows]
This Resolution was prepared by Jon Oberlander,Carmel Assistant Corporation Counsel,on February 21,2019 at 11:22 a.m.No
subsequent revision to this Resolution has been reviewed by Mr.Oberlander for legal sufficiency or otherwise.
Sponsor: Councilor Campbell
bi
SO RESOLVED,by the Copimon Council Rf the City of Cannel, Indiana, this day
of Iv , 2019,by a vote of (D ayes and (J nays.
COMMON COUNCIL FOR THE CITY OF CARMEL
.I4f,
Jeff;• 10 1, President Anthony en
Laura D. Campbell, Vice-P eside t H. Bruce Kimball
C
nald E. Carter Kevin D. Rider
( `)-eti\+-
Sue Finkam
i/ 4 ✓ a._
Christine S. P. ley, Clerk-Tr,r rer
Presented by me to the Mayor of the City of Cannel, Indiana this day of
Marc(/l 2019, at WOO
ine S. Paule Jerk-Treasurer
Approved by me, Mayor of the CityCarmel, Indiana, this vday of
yOf G/f 2019, at 3 P.M. ,
ames Brainard, Mayor
C • ine S. Pa ey, Clerk-Tre rer
Resolution CC 03-04-19-01
This Resolution was prepared by Jon Oberlander,Cannel Assistant Corporation Counsel,on February 21,2019 at 11:22 a.m.No
subsequent revision to this Resolution has been reviewed by Mr.Oberlander for legal sufficiency or otherwise.
Parcel No. 16-09-36-00-02-005.000 Address: 645 W. Carmel Drive
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