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CC-08-04-08-01 ERA/Capital Group Companies - Tax Abatement
Sponsors., Counrilon'Carrer„Sharp 6nd Snyder RESOLUTION CC-08-04-08-01 RESOLUTION ("RESOLUTION") 917.TIff COMMON COUNCIL OF THE CITY OF CARMEL, INDIANA DESIGNATING THErNORTHEAST CORNER. OF CARM.EL.DRIVE 1'126TH STREETAND.NORTH NIERIDIAN''STREET AS AN ECONOMIC REVITALIZATIONAREA WHEREAS, I.C. 6-1;.1-12.1,-4 authorizes partial abatement'of personal, property taxes attributable•to the install'at'ion of-.m w'gnalifying urfonnati`gn technology/teteconiniuriications equipment, and computer hardware,.and partial abatemenc.oFreal property taxes' attributable to improvements made. to.real estate;°,arid WHEREAS„ I.C. 6=1.1-12.1--2.5. empowers the Common Council of the City-,,of Carmel, Indiana (the " Counerl" ),to designate:an area as`an.Ec6rromic,Revitalization _Area ("ERA"), deterrmne the duration of the abatement period(s) for such property and impose other reasonable conditions; and WH EREAS; a,Designation Application (as`defined in I;C. 6-1.'1-12.1-1,) has heretofore been' fited•with the Council by The Capital Group Companies, Inc. (``the Company" ),,and-such Designation Applicationrequests that the real.estate,located on the_northcast corner of Carmel Drive / 126`x' Street and--Nort h Meridian Street; Carmel, Indiana and legally described therein {the"Site") be designated as an ERA; and WHEREAS, the Company wiiI own real estate in support of its regional operations facility„ provided thaf the Company is able,fo,obtain real and personal propcrtytax deductions as authorized by I.C. 6-1.1-12.1-4:-.and WHEREAS, the Company, seeks to have, the Council'authorize personal pmperty tax deductions inrconnection with,the quahfying'investment rclated1o'the installation of newiinformation technology / telecommunications equipment, and,computcr hardware, and real property tax deductions?in connection with,real estate improvemcirts at the;Corrrpaiiy's'regional opcrations'cente'r at the iiitersection,ofCarinel Drive/ 126`h Street and Nortl0vieridian Street; and WHEREAS; the Council has.reviewed such Desie ation Application together tivith'the Company's Statement of Benefits,(Porm.SB-1) andsnow desires.to,;take actions hereinafter set--forth. NOW, THERETORE,based .upon a_revicw of the Designation Application and Statement of Benefim (Form SB-1) heretofore filed by the-Company, the Council hereby makes;the following findings; FINDING -1, The Site lids been undesitable,for normal development,due to-the following economic:conditiom: (a)' ?TheaSite has been largely vacant forrmore thawte=n (10).years. (b) Vacancyrates,for office space in the area,and'an`abundance of sublease opportunities, evidence an oversupplyof office space in the Corridor-. FINDING 2. The Company's'developinent;of the site as a•regional operations center for the Company is consistent with the site's existiiig-zonirig;and:represents a.superior use for the"sife, FINDING 3. The. Company's plans to:install. new personal property and make real estate impromue,nts will,result in an addition to the Corridor's overall,assessed value, within an aceelerated time period. FINDING 4: The proposed development of'the 'Site by the Company meets the parameters set forth:ia.Council Resolution No: CC-02-05-01-02: FINDING 5, The estimatebf the cosl and, assessed value of_the.Campany's proposed development oG the:,Site is reasonable Ifor projects of a similar nature. FINDING 6. The estimate of the"number of•individuals who will`l e employed (i:e.,, approximately 929 FTEs) can be reasonably expected'to result from the Coiinpany's proposed developmetitof the Site.. FINDING 7. The estimate ofthe;annual salaries (i:e., average of approximately $45,000 per an-min) of those individuals vvho?will,be employed can be reasonably, expected to resulffrom the Company's proposed. re-development of the site. .FINDING 8: The estimate of the.cos_t"aud assessed".value of the new. inforniation technology / telecommunications equipment,.and,computerhardware, and the estimate of the cost!ai d assessed value of.real estate;improvenieits is reasonable for ap} dject of this type. FINDING 9. With respect to the new information,technology/telecommunie_ntions equipment, and computer hardware; and real estate `improvemcnts,the: estimate of the number of individuals Who will be employed (i.e.,-approximately 929TTEs) can be, reasonably expected to result from'the development of the Site, installation of the new personal property and completion of;real'estate:improvemenis; FINDING 30. The estimate of the aimual'salanes (i:e., average cif-approximately $45,000 per annum) of those:indlviduals who will be employed can,be reasonably expected to result from the developmvnt of the Site, the installation of the new personal property and completion ofreal estate improvements. FINDING 11. The Company will be aotive corporate citizens involved in and committed to the city of Carmel. FINDING12. The Company's'regional operations facility in Carmel is'consistentjwith the goals and vision,estabhshed by the city of C^ rmel and Hamilton County , Alliance. FINDING f3. Other benefits that can be reasonably expected to result from the Company's proposed development of the site, installation of the-new personal,property, and completion-ofreal estate improvements. FINDING 14. The totality of benefits is:sul£icientto jd_ stify`reaI and personal pfoperty"tax deductions herein described. NOW, TITEREFORE, BE IT RESOLVED THAT; a legal description of the previously declared ERA has-been attached. hereto as Exhibit A. BE IT FUIRTH, R RESOLVED THAT, the Site-is hereby declared an ERA for purposes of granting real and personal property tax abatement iii support,of the regional operations: center facility project, theimstallation of new inforination.technology /'telecommunications equipment,-and computer hardware and coitipletion of real estate improvements. BE IT F,URTHER,RES©LVED THAT, themurnber of years, for which the'Company is entitled to a deduction, for,investments made in the new..information technology /telecommunications. equipment, and,computer hardware, and'real estate improvements ptti`suantto N-6-1.1-12.14 shall be ten (l4). 'BE IT FURTHER:RESOLVED THAT, the Carmel CityCouncil shall have the right to reduce the length of and/or end the economic revitalization area, desigtiationperiod granted for the,site should the Company and/or a.subsequent &vrner;of the"Companynot fulfill commitments made to the city of Carmel regarding,the amount of capital investment, job creation/retention and average,annual salary levels. BE IT FURTHER. RESOLVED TMAT..in`the event the Company is sold io-a,new owner, the new owner of the company sliall appearbefofe the Carmel City Council within.90 days of.closmgon the purchase ofthe company, to present infonnationregarding the plans for the company's operations in the city of Carmel. BE IT FURTHER RESOLVED THAT, the deductions authorized herein are contingent upon the designation of the ERA prior to the installation of new information technology / telecom unieations equipment, and computer hardware, and completion of -real estate, improvements. 13E IT FURTHER RESOLVED YRAT,`ffthe'Site is'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 deductions approved herein shall also be,suhject to the approval of the comnitssiontliat?designated the allocation area as,required under I.C. 6-1.1-12.1-4. BE IT`FURTHER RESOLVED MAT, this Resolution shall be filed with the. Hamilton County Assessor asxequired by LC: b-1. l`-12. f-4. BEIT FINALLY RESOLVED THAT notice o'f,the adoption of and the-substance of this Resolution shall be publi'shed,in,accordance with I.C: 5-3-Land that such noti=shall be in the form attached hereto and incorporated herein as Exhibit B Adopted bythe.Gommon Council of,the City of Carmel'„Indiana ,this yAA? day of 2008, by a vote of 7 `ayes and b nays. VCI1 w. Eric Seide ickei ATTEST: Diana L. Cordray, IAMC, Clerk-Treasur Presented by me to the:Mayor of die.city of Carmel, Indiana,this 0111-10ay of LA Ck 2008, at g?? ft-rm n- C, 12 A Diana,L. Cordray, Approved by rue„Mayor, of lhce City of Carmel, Indiana.tliis day.of e• - n 2.008 ate-r :.,.c 3=ss P. M ATTEST: 'Larry Gigerich,.ManagVg:'Dii Ginovus 8888 Keystone,Cressing Suite 1450 tiidianapotis, Indiaus'4G?40 317/81M890 (telephone) 3 1 715 19-08 8 8 (Facsimile) Lan-4Ginoyusicoln (ermail) EXHZBTT A A LAND BO NDARYPE! CRTftION Or THE BuILDF1 G'.AND LnN[S LOCATED AT TUE.CORNER OF CARBIM- DRIVE./ i2b"' STRFFT.AN'D NORTH IMtRIDIAN STREET, HAM I LTON,COUNTY; INDIANA AucusT 4, 2008 PAGE I OFT Record,Descriptlon - Instrument.No. 99-1721. Part'of tfic,Southwest;Quarter of Section_26, Township P8 North, Range,3 East in Hamilton County, Indiana, more particularly described as.follows:; Commencing at the Northeast corner'of said SoutfiNvest Quarter'Section; thence. along' the East line thereof South 00 degrees 10 minutes 071 seconds East (assumed',bearitig) 431 9:67"feet; thence parallel with thc?North'line of said Quarter,Section South 88 degrees 412 minutes 4.7 seconds West 45.39 feet to a poinronthe Westerly right of way line of Pennsylvania Street; the.dedication ofpublic riglit,ofway of which-was 'recorded December' 9,1986'in Book 4, on pages 07.thru 701 in.the'Office;of the Recorder ofHarnilton County, Indiana, which saidl.poifit is the point of beginning (the,next,fourcourses.are along said right of waydedi'cation); (()`thence South 05-degrees 43 minutes 39-seconds East 6884.feet to a. curve having a radius of 788.95 feet,4he-radius point of which bears South 84.degrees 16 irunutes22 seconds West; (2) thenco,Southerlyalong:said curve 76:54 feetto;a point which bears North 89 degrees. 49 minutes 53 seconds East' from-said radius point; (3) thence.South 00"degrees , 10m inutes 07 seconds East 1754.23-feet to a point,on:the'Nontherlyright of way line of:126th.Street; (4) thence South 89 degrees 54 minutes,47 seconds West 547:52 feet-to a'point on"the Eastcrlyright of way line ofU.S. Highway #31 (Line "K" fora'S.H.'C. Pmject'ST E-222(9) DTD 1973); thence along said.right of way Tine North 00.degrees 03 minutes 57 seconds West 1588.24 feet to.a curve having a radius`of 2146,83' feet, the radius point of which bears North-.89 degrees 56.minutes 03 seconds East; thence Northerly along said right of way l ine,and said curve"301.18 feet toga point which bears North- 82 degrees 01 minutes 41 seconds West from said radius point, thence parallel with tbc?North line of said Quarter Section North 88 degrees.42.minutes;47 seconds East'512:76.feet to the•point of beginning. Subjectto-all legal easements atfd,rights-of vay Land Description - Parcel I Part of the Southwest Quarter of Section 26, Township 18 North, Range 3 East in Hamilton County, Indiana, more particularly described as follows: Commencing at the Northeast corner of said Southwest Quarter Section; thence along the.East line thereof South 00 degrees 10 minutes, 07 seconds East (assumed bearing) 439.67 feet; thence parallel with the North line of said Quarter Section South 88 degrees 42 minutes 47 seconds West 45.39 feet to a point on the Westerly right of way line of Pennsylvania Street, the dedication of public right of way of which was recorded December 9, 1986 in Book 4, on pages 697 thru 701 in the Office of the Recorder of Hamilton County, Indiana, (the next four courses are along said right of way dedication); (1) thence South 05 degrees 43 minutes 38 seconds East 68.84 feet to a curve having.a radius of 788.95 feet, the radius point of which bears South 84 degrees 16 minutes 22 seconds West; (2) thence Southerly along said curve 76.54 feet to a point which bears North 89 degrees 49 minutes 53 seconds East from said radius point; (3) thence South 00 degrees 10 minutes 07 seconds East 1131.23 feet to the Point of Beginning of this description; (4) thence continuing South 00 degrees 10 minutes 07 seconds East 622.69 feet to a point on the Northerly right of way line of 126th Street; thence along said right of way line South 89 degrees 54 minutes 47 seconds West 547.52 feet to a point on the Easterly right of way line of U.S. Highway #31 (Referenced from Line "K for I.S.H.C. Project ST-F-222 (9) DTD 1973); thence along said right of way line North 00 degrees 03 minutes 57 seconds West 623.52 feet; thence North 90 degrees 00 minutes 00 seconds East 546.40 feet to the point of beginning, containing 7.824 acres, more or less. Subject to all legal easements and rights-of-way. Land Description - Parcel H Part of the Southwest Quarter of Section 26, Township 18 North, Range 3 East in Hamilton County, Indiana, more particularly described as follows: Commencing at the Northeast corner of said Southwest Quarter Section; thence along the East line thereof South 00 degrees:10 minutes 07 seconds East (assumed bearing) 439.67 feet; thence' parallel with the North line of said Quarter Section South 88 degrees 42 minutes 47 seconds West 45.39 feet to a point on the Westerly right of way line of Pennsylvania Street, the dedication of public right of way of which was recorded December 9, 1986 in Book 4, on pages 697 thru 701 in the Office of the Recorder of Hamilton County, Indiana (the next four courses are along said right of way dedication); (1) thence South 05 degrees 43 minutes 38 seconds East 68.84 feet to a curve having a radius of 788.95 feet, the radius point of which bears South 84 degrees 16 minutes 22 seconds West; (2) thence Southerly along said curve 76.54 feet to a point which bears North 89 degrees 49 minutes 53 seconds East from said radius point; (3) thence South 00 degrees 10 minutes 07 seconds East 676.20 feet to the Point of Beginning; (4) thence continuing South 00 degrees 10 minutes 07 seconds East 45534 feet; thence South 90 degrees 00 minutes 00 seconds West 546.40 feet to a point on the Easterly right of way line of U.S. Highway #31 (Referenced from Line "K" for I.S.H.C. Project ST-F-222 (9) DTD 1973); thence along said right of way line North 00 degrees 03 minutes 57 seconds West 730.64 feet; thence North 89 degrees 49 minutes 53 seconds East 350.64 feet; thence South 00 degrees 10 minutes 07 seconds East 276.91 feet; thence North 89 degrees 49 minutes 53seconds East 194.45 feet to the point of beginning, containing 7.928 acres, more or less. Subject to all legal easements and rights-of-way. Land Description - Parcel HI :Part of the,Southwest Quarter ofSection 26, Township 18 North, Range 3 East in Hamilton County,. Indiana, more particularly described_as;fallowsr Commencing at the Northeast corner of:said Southwest Quarter Section; thence along, the East line thereof South 00 degrees 1.0 minutds,07 seconds Ea§t.(assumed,bearing) 439:67 feet; thenceparallel with the North line,ofsaid'Quarter Section South 88 degrees 42,minutes 47 seconds West 45.39. feet to a point on.the Westerly right of way line of Pennsylvania Street, thc;dedication ofpul lic righf of way of which was`recorded December 9, 1986 in Book 4, on pages 693 thru 701 in the Office of the Recorder of Hamilton County, Indiana, which said point is the point, of beginning;(the next three courses -are along said right of way `dedication); (1) thence South 05,degrees,43 minutes 3K seconds. East 68:84„feet to a curve havingra,radius of 788.95 feet, the radius point of which'bears South 84 degrees; 16 minutes22 ,seconds West; (2) thence' Southerly along said,curve 76.54 feet to:a,point which,bears North 89 degrees` 49 minutes 53 seconds East from said radius point; (3) thence;South Q0, degrees 10 minutes 07-seconds East 676.20 feet; thence South,89 degrees.4J minutes 53 seconds West-194.45-feet; thencerNorth 00 degrees 10 minutes07'seconlds West 276.91 feet; thence South.89 degrees 49 minutes 53 seconds-West 350,64 feet to`a'point on the:Easterly ri'glit,of'way'line of U. S. Highway #31, (Referenced from Line I'M for I.S:H.C., Project ST-h'-222(9) DTD 1973); thence along sai&right of way linoVorth 60 degrees 03 minutes 57 seconds West 234.08 feet to a curve Having-a;radius of 2146,S3,feet, the:rad us point of which bears North 89 degrees..55.rninutes-03 seconds East; thence Northerly along said right of way line andsaid.cinve-301. f 8`feettota point which bears,North 82 degrees 01 minutes 41 seconds West from said radius.point; thence parallel with the North line'of said Quarter Section'Noftly 89;degrees 42 minutes 47 seconds.Easc512:76;feetto the point ofbeginnin& comaining'7.91`5`acres,, more or less. Subject to"all legal easements and rights cf-way: EXR[BIT B NOTICE OF ADOPTION REGARDING THE APPROVAL OF A TEN-YEAR REAL AND PERSONAL PROPERTY TAX ABATEMENT FOR THE CAPITAL GROUP COMPANIES' REGIONAL OPERATIONS CENTER FACILITY LOCATED AT CORNER OF CARMEL DRIVE/ 126th STREET AND NORTH MERIDIAN STREET August 4, 2008 PAGE 1 OF i Notice is hereby given that the Common Council of the City of Carmel, Indiana did on the 4th of August 2008 adopt a Resolution approving a ten=year real and personal property tax abatement for The Capital Group Companies, Inc. for its investment in its regional operations center facility to be located at the northeast corner of Carmel Drive / 126th Street and North Meridian Street. This Resolution, which affects the following described property located in the City of Carmel, Indiana: Carmel Drive / 126th Street and North Meridian Street, Clay Township, Hamilton County, was adopted following the filing of information by The Capital Group Companies, Inc. and the previous approval of the designation of property located at the northeast corner of Carmel Drive / 126th Street and North Meridian Street as an Economic Revitalization Area for the purpose of securing an abatement of property taxes pursuant to Indiana Code Section 6-1.1-12.1-4 relative to the installation of new qualifying information technology / telecommunications equipment and computer hardware, and completion of real estate improvements. Such Resolution previously approving such property as an.Economic Revitalization Area and such Resolution approving a ten-year real and personal property tax abatement for The Capital Group Companies, inc. were provided by the Common Council of the City of Carmel, Indiana on the 18'h of August 2008. Furthermore, the Resolution states that on the 18'h of August 2008 at 6 p.m. in the Council Chamber Room located at One Civic Square, Carmel, Indiana 46032; the Common Council met to hear public comment from persons interested in these proceedings and make a determination about approving a ten-year real and personal property tax abatement for The Capital Group Companies, Inc. for its investment in new qualifying information technology / telecommunications equipment and computer hardware, and real estate improvements. A description of information related to The Capital Group Companies, Inc.'s project and a copy of such Resolution are available for inspection in the Hamilton County Assessor's Office, Suite 214, 33 North 9'h Street, Noblesville, Indiana 46060. " STATEMENT OF BENEFITS -- ? REAL ESTATE IMPROVEMENTS State Form 51767 (8211-07) Prescribed by the Department of Local Government Finance This statement Is Doing completed for mat property that qualities under the following Indiana Code (check one box): [?] Radevetopment or rehabilitation of real estate hnprovements (IC rt-1.1-12.1.1) ? Eligible vacant building (IC 8-1.1-12.1.4.5) 20 PAY 20 FORM E&1 1 Real Property INSTRUCTIONS: 1. This statement mutt be submitted to the . body designating the Economic Revitalization Area prior to the public hearing M the designating body requires information hem 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 the redevelopmwnt or rehabilitation of real properly for which the person wishes to Malm a dodudion. 'Projects' planned or committed to after July 1, 1887, and areas designated after July 1, 1087, require a STATEMENT OF BENEFITS. (IC 6-1.1-12.1) 2. Approval of the designatingbody (City Council, Tbwn Board, County Council. etc.) must be obtained prior to InNatiot of the redevelopment or rehabilitation, BEFORE a deduction mey be approved. 3. To obtain a deduction, application Form 322 ERA/RE or Form 322 ERANBD, Whichever is applicable, must be filed with the County Auditor by fie later oh (1) May 10; or (2) thirty (30) days after the notice of addl7lon to amassed valuation or new assessment is mailed to the property owner of the address' shown an the records of the township assessor. 4. Properly owners whose Statement of BaneBts was approved after June 30, 1981, must attach a Form CF-//Real Pmperfy annually to ft application to show complbnce with the Statement of Benefits. PC Qf.1-12.15.1(bJ and IC 6.1.1-12.13.3(1)) 5. The schedules established under IC 6-/. /-12.1.4(d) for rehabifltebd pmperfy and under IC 6-1.1-12.1-4.8(1) for vacant buildings apply to any statement of baneflfs approved on or after July 1, 2000. The schedules ofhsdive prior to July 1, 2000, shall continue to apply to a statement of bertehls bbd before July 1..2(100. TAX? ON, .• iSECTION 11 Name of tacpoyer The Capital Group Companies, Inc. Address of taxpayer (number and street, City stab, and LP code) 6455 Irvine Center Drive, Irvine, California 92618 Nana of conbG person lblephone number E+naa address B an Lewis, Sr. Vice President (949) 975-5279 BRL ca rou .com • • • r s e •••• r s SECTIPNI2, Name of dwignadtp body Resolution number Common Council of the City of Carmel CC --OR-04-o4-DI ec-08-I - J Location of property County DLOF taxing dlsbld number NE Comer of Carmel Drive/126th Street and North Meridian Street Hamilton 29-023 Ham Descfipbon of reel property hnproaemems, mdevelopmenl, or mhabombon (use aWdsonal slaefa a necesserN Estimated start date (month, day, yW The Capital Group Companies Inc. will construct a new 175,000 square fool regional 08/19/2008 operations center building and an additional new 30,000 square fool building (total Ea'ma'°dcon'Weeondate (rnonra•der.y.M investment of annrnximately S49.on0.nnn in real. estate imnrovemerits) in Carmel. IN. O 12/3112013 • • • • e • e • • r - • Current number S812663 Number retained Salaries Number owillonal Salaries 929.00 $41,805,000.00 929.00 $41,805,000.00 0.00 $0.00 NOTE: Pursuant to IC 6-1.1-12.15.1 (d) (2) the COST of the property REAL ESTATE IMPROVEMENTS. Is confidential. COST ASSESSED VALUE Current values Plus estimated values of proposed project 49,000,000.00 Less values of an roperty bet replaced Net estimated values upon completion of p eU 49,000,000.00 • • r r e s • • r e Estimated solid waste converted (pounds) Estimated hazardous waste converted (pounds) Other berofits s ?SECTIONJ61 I hereby certify that the representations in this statement are true. Signature of a retire Title Dab siWad (month, day year) Sr. Vice President 07 /1 512 008 Page 1 of 2 s- ? r cae We have reviewed our prior actions Waiting., to the desigmtron of this Economic Revitalization Area and find that the applicant meats the general standards adopted to the resotutton'prevlousty approved by this'body, Sala resolution, passed under'IC 6-1.1.12.1, pr6 Wl s for the following limitatio : A. The designated area hea'pain limited ' toa period of time not to exceed calendar years •'(seebelow). The date 'this designation expires Is B. The type ofdeduction_that'is allowed In the designated area is limited,to: 1. Redevelopment or rehabilitation of real estate improvements ?'fee ?No 2. Residentially dletressed areas ? Yes 0 No 3. Occupancy of a vacant building ?.Yes [] No C. The amount of thti deduction eppllcable Is.limited'to S , D. ORrer limitsdons or conditions (apeclry)' E'. The deduction Is atlow4d for years,- (see below): We have. also reviewed the infonnadon contained in the statement of. benefits and find that the esiimates and expectations are reasonable and have dalarmined. tsat the totality 61 beneths is sufriclent'to tuetify the deduction described above. - Approved(iprwrura and ads o/eu Wradn ber ofdaslgnefMg belly) Telephone number -Date signed (rrwfh„day,. yead" Aaested. by (Ngnafurs and Vft of nllestar) Dmignated body It the dealgnsting body limits the time period during which an area Is an economic revitalization area; It doe- not limit the length of time aMxpayer Is entitled to're'Wive O'dedu6ti6n to arnumbe.r ofyearadesignated under IC 8-1.12-12.14. A. For residentially dlstrrsead areas; the'deductidn period may not exveed.Me (S) years. B. Fotredevelopment and rehabilitation or real estate improvements: 1. If 6e Economic Revltalizalio kea was designated prior to July 1, 2000„the deduction period is limited 16 three, (3),. six (6)„or ten (10) yeas. 2. It the Economic Revitalization Area was designated after June 20;_,2000; the deduction period may not exceed ten (10) years. C, For vacant buildings. the daduction'pedod'may not exceed two (2) yearn. - Page 2 of 2 R•n STATEMENT OF BENEFITS PERSONAL PROPERTY Slabs Farm 51764 (R 11-06) Prescribed by the Department of Local Goverment Finance FORM SB-1 I PP PRIVACY NOTICE Tin mat vd anti tpadlk kdvWd-6 W Wt' kdonnetfon b a t, the boWxs of tins 6M$r?pp a WtAk record IC 6.1.1.12.1 d./ c erW d INSTRUCTIONS: 1. This. statement must be submitted to the body designating the Economic Revitalization Aron prior to the public hearing if the designating body requires informabon hom the applicant in making its decision about whether to designate an Economic RevAirldstion Area. Otherwise this statement must be submitted to tia designating body BEFORE a person installs the new manufacturing equipment andrbr research and davelopment equipment, and/or logistical distribution equipmentandbr information technology equipment for which the person wishes to claim a deduction. 'Projects' planned or committed to after July 1, 1087, and areas designated after July 1, 1087, require a STATEMENT OF BENEFITS. (1061.1-12.1) 2. Approval of the designating body (City Courier, 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 6dormatbn technology equipment. BEFORE a deduction may be approved 3. To obtain a deduction, a person must file a cortifted deduction schedule with the persona personal property return on a cartified deduction schedub (Form 103-ERA) with the township assessor of the township where the property is Situated. The 103-ERA must be riled between March 1 and May 15 of the assossment year in which new manufacturing equipment and/or research and development equipment and/or logistical distribution oglrfpmont ond/a Information technology equipment Is installed and fully functional, unless a riling extension has been obtained. A person who obtains a Wing extension must 81a the firm between March 1 and the extended due date of that year. 1: Property owners whose Statement of Benefits was approved after June 30, 1001, must submit form CF-1 / PP annually to show compliance, with the Statement of Benefits. (IC 61.1-12. f.S' .6) 5. The schedules established under IC 6-1.1-12.1-I.5(d), and (o) apply to equipment installed sitar March 1, 2001. For equipment installed prior to March 2, (lC 61.1-12.1.1.5(Q end (g)) 2001; the schedules and statutas in effect at the time shell continue to apply. • •" Nam of Wpayer The Capital Gross Companies, Inc. Address of laxp9rlW (nunber end sbe•l calf slob, and ZIP.oode) 6455 Irvine Center Drive, Irvine, California 92618 Name of mmact person Telephone number Bryan Lewis, Sr. Vice President (949) 975-5279 e • . r . . ••• r ••• Nome of designating body Resohdkn number (s) Common Council of the City of Carmel CC-0$ OY f)8-01 0 -/8-OY c '7 L.ombon of property Count' nurnber oLOF taxing 5"'c' NE Comer of Carmel Drive/126th Street and North Meridian Street Hamilton 29-023 Hamilton Description of manulacNdng equipment and/or research and development equipment ESTIMATED endler.bglatk?l distribution equipment and/tu Information technology equipment. START DATE COMPLETION DATE (use a Id, net sheets If necessary) The Capital Group Companies, Inc. will invest ManufacturfnB Equipment approximately $3.5 million in information technology and R& D Equipment telecommunication equipment to support the construction of Loglst Dist Equipment two new regional operations buildings in Carmel, Indiana. IT Equipment 0110112009 12/31/2013 Curtent number Sdones Number retained Selanes Number addffonal Selanea 929 41,805,000.00 929 41,805,000.00 0 0.00 MANUFACTURING R & D EQUIPMENT LOOIST DIS I IT EQUIPMENT NOTE: Pursuant to IC 61.1-12.iS.1 (d) l2) the EQUIPMEN EQUIPMENT COST of the property Is confidential. COST ASS D COST ASSESSED COST ASSESSED COST ASSESSED LIE Current values Plus estimated values of pmposed prated 3,500,000.00 Lou values of o property being replaced Net estimated values upon completion of project 3.500.000.00 Estimated wild waste converted (pounds) Estimated hazardous waste converted (pounds) Other Wrwlib: I here certify that the representations in this statement are true. Signature of authorized tatlve Title Dale signed (monfh, da), YW Sr. Vice President 07/15/2008 ll? We have reviewed our prior actions relating to the designation of this economic revitalization area and find that the applicant meets the general standards adopted in the resolution previously approved by this body. Said resolution, passed under IC 6-1.1712.1-2.5, provides for the following limitations as authorized under IC 6.1.1.12.1-2. A. The designated area has been limited to a period of time not to exceed calendar years' (see below). The data this designation expires is B . The ypo of deduction that is allowed in the designated area Is limited to: ' ? Ye s ? N o 1. Installation of new manufacturing equipment; ? Ye s * i t ? N o pmen ; 2. Installation of new research and development equ ? Ye s i t ONO pmen . 3. Installation of new logistical distribution equ ? Ye s i nt h i l f ? N o pme ; on tec no ogy equ 4. Installation of new in ormat C. The amount of deduction applicable to new manufacturing equipment is limited to S cost with an assessed value of S D. The amount of deduction applicable to new research and development, equip ment is limited to $ cost with an assessed value of S E . The amount of deduction applicable to new logistical distribution equipment is limited to S cost with an assessed value of F. The amount of deduction applicable to new Information technology equipment is limited to $ cost with an. assessed value of G Other limitations or conditions H.. The deduction for new manufacturing equipment and/or new research and development equipment and/or new logistical distribution equipment and/or new Information technology equipment Installed and first claimed eligible for deduction on or after July 1, 2000, Is allowed for. ? 1 year ?6 years " For ERA's established prior to July 1. 2000, gDly a ? 2 year ? 7 years 5 or 10 year schedule may be deducted. ?3years ?8years ?4years ?Byears ?5years " ?10yeam" Also we have reviewed the Information contained In the statement of benefits and find that the estimates and expectations are reasonable and have determined that the totally of benefits is sufficient to justify the deduction described above. number I Date signed (month, day, year) If the designating body limits the time period during which an area is an economic revitalization area, It does not limit the length of time a taxpayer is entitled to rceta deduction to a number of years designated under IC 6-1.1.12.1-4.5 CITY OF CARMEL JrUiT-s,BRA1NARU; IDLAYOR JanuaryS6;2007 Mr. Jim Brown CFO The Capital Group Companies, Inc: c/o Ginovus 8888,Keystone Crossing Suite •1450 Indianapolis;' Indiana 46240 Dear Mr. Brown: The City of Carmel is.most pleased to have the opportunity to work with The Capnal'Group Companies,'lnc. regarding.the proposed location of its new operations facility in Cannel, Indiana, We have enjoyed working with your.consultant"Ginovus to identify4he`;mosrmeaningful ways we can assist wiffyour 'proposed project, It.is.our understanding=that The Capital;Group Companies, Inc. is contemplating.a.capital investment of approximately $55 million (including the cosro£acquiring'a building); the creation.of approximately 317 new jobs (average annual salary; level of approzimately''$43,000.00, plus.benefits), and relocation of approximately 929 existing jobs in;the city of Camtel by December 31„2013. ln,support of the proposed location of your'new,operations facility, the City of Carmel. makes the following commitments'in support-6f the proj&cv I . The ;City of Carmel will' provide; a=ten-yearreal: and personal property iax abatement in support of the capital investment eligible for tax abatement rrtade.by The Capital Group Comparnes,-1hc, in support of the proposed new`operations facility, and; 2. The City of.Carmet will, provide' support for and'participate.in a publ c;announcement of The,Capital Gtoup Companies; Iric,'s'proposed_new operations facility,Aoulcl Carmel; Indiana'.be selected,for thejproject.. Please note that final' approval isrequired'from'the Carmel City Connell for property. tax abatement. The-City orCarmel will provide you and Ginovos with all necessary -technical assistance thronghout'the approval process. The City of Carmel, greatly appreciates the opportunity to work with The Capital Group Companies,.Inc. 'We_are'very pleased that your co_mpanyi considering,the location of its+new-operations facility in oufr community,. if'you have any questions and/or commcnM please do not-hesitate to give me a call. Thank you for your consideration. ONE C NJG SQUAxu, CARMFI, IN 46032 Ofnce 31 -1%571 2401, tans 3t7°844.3498 EMAIL.. Its rilnatil C'ui ii`inel in.gov. Very ly yours, es:Brainard ayor Cc- Members of the Carmel City Council Larry'Gigerich, My naging Director, Ginovus