HomeMy WebLinkAboutCC-11-02-09-01 Dealer Services Corp/Tax Abatement Sponsors Councilors Sharp, Carter and Snyder
RESOLUTION NO CC- 11- 02 -09 -01
RESOLUTION "RESOLUTION OF THE COMMON COUNCIL OF
THE CITY OF CARMEL, INDIANA DESIGNATING
1320 CITY CENTER DRIVE, SUITE 100
AS AN ECONOMIC REVITALIZATION AREA
WHEREAS 1C 6 1 1 -12 1 4 authorizes partial abatement of personal property taxes
attributable to the installation of new qualifying information technologyhelecommumcations
equipment, computer hardware and computer softwaic and
WHEREAS I C 6 1 1 12 1 2 5 empowers the Common Council ot the City ot Cannel
Indiana (the `Council to designate an area as an Economic Revitalization Area ERA'
determine the duration of the abatement period(s) foi such property and impose other reasonable
conditions, and
WHEREAS a Designation Application (as defined in I C 6 -1 1 -12 1 -1) has heretofore
been filed with the Council by Dealer Services Corporation the Company and such
Designation Application requests that the real estate located at 1320 City Center Drive Suite
100 Carmel Indiana and legally descnbed therein (the Site') be designated as an ERA and
WHEREAS the Company will lease space for its expanded corporate headquarters
facility provided that the Compan) is able to obtain personal property tax deductions as
authorized b} IC 6 -1 1 12 1 -4 and
WHEREAS the Company seeks to have the Council authonze personal property tax
deductions in connection with the qualifying investment related to the installation of new
information technology /telecommunications equipment, computer hardware and computer
software in the Company s corporate headquarters facility at 1320 City Center Drive Suite 100
and
WHEREAS the Council has reviewed such Designation Application together with the
Compam s Statement of Benefits (Form S13 1) and now desires to take actions hereinafter set
forth
NOW, THEREFORE based upon a review ot the Designation Application and
Statement of Benefits (Form SB 1) heretofore filed by the Company the Council hereby makes
the following findings
FINDING 1 The Site is or has become undesirable for normal development due to the
following economic conditions
(a) The Site and budding are coned for and general's suitable foi use
as an office development however there is lack of demand for
office space in the geographic area where the Site is located due to
the economic conditions currently present (the Corridor')
(b) Vacancy sates for office space in the Corridor and an abundance of
sublease opportunities et idence an oversupply of office space in
the Corndoi
Sponsors Councilors Sharp, Carter, and Snyder
(c) The Company s proposed redevelopment of a portion of the site as
a corporate headquarters for the Company is consistent with the
site s existing zoning and represents a superior use for a portion of
the building
(d) The Company s plans to install new personal property wi ll result in
an addition to the Corridor s overall assessed value within an
accelerated time period
FINDING 2 The proposed redevelopment of the Sitetby the Company meets the
parameters set Forth in Council Resolution No CC -02 -05 -01.02
FINDING 3 The estimate of the cost and assessed value of the Company s proposed re
development of the Site is reasonable for projects of a similar nature
1 INDFNG 4 The estimate of the 138 individuals who will be employed (i e
approximately 55 new FTEs over the initial five yeas period along with 83
existing FTEs) can be reasonably expected to result from the Company s
proposed re development of the Site
FINDING 5 I he estimate of appioxunately $7 564 336 of annual salaries (for the 138
new and existing FT Es) for those individuals who will be employed by the
Company can be reasonably expected to fsult fiom the Company's
proposed re development of the Site
FINDING 6 'I he estimate of the cost and assessed value of the new intormation
technology /telecommunications equipment computer hardware and
computer software is reasonable for equipment of that type
FINDING 7 With respect to the new information technology /telecommunications
equipment computer hardware, and computer software the estimate of
138 FTEs will be employed can be reasonably expected to result from the
redevelopment of the Site and installation of the new personal property
FINDING 8 The estimate of approximately $7,564 336 of annual salaries (for the 138
new and existing FTEs) for those individuals who will be employed can be
seasonably expected to result from the redevelopment of the Site and
installation of the new personal property
FINDING 9 Other benefits can be reasonably expected to result from the Company s
proposed re- development of the site and installation of the new personal
property
FINDING 10 The totality of benefits is sufficient to justify personal property tax
deductions herein descnbed
Sponsors Councilors Sharp Carter, and Snider
NOW, THEREFORE, BE IT RESOLVED THAT, a legal description of the
previously declared ERA has been attached hereto as f xhibtt A
BE I F FURTHER RESOLVED THAT the Site is hereby declared an ERA for
purposes of granting personal property tax abatement in support of the corporate headquarters
facility project and the installation of new information technology /telecommunications
equipment computer hardware and computer software
BE IT FURTHER RESOLVED THAT the number of years for which the Company is
entitled to a deduction for investments made in the new information technology/
telecommunications equipment, computer hardware, and computer software pursuant to 1 C 6
1 1 -12 1-4 shall be ten (10)
BE IT FURTHER RESOLVED THAT the Council shall have the right to reduce the
length of and/or end the economic revitalization area designation period granted for the Site
should the Company and /or a subsequent owner of the Company not fulfill commitments made
to the City of Carmel regarding the amount of capital investment lob creation/retention and
average annual salary levels
BE IT FURTHER RESOLVED THAT in the event the Company is sold to a new
owner the new owner of the company shall appear before the Council within 90 days of closing
on the purchase of the Company to present information regarding the plans for the Company s
operations in the City of Carmel
BE IT FURTHER RESOLVED 1 HAT the deductions authorized herein are
contingent upon the designation 01 the ERA pnoi to the installation 'of new information
technology/telecommunications equipment computer hardware and computer software
BE IT FURTHER RESOLVED THAT if the Site is located in an allocation area (as
defined in I C 36 7 14 39 or 1 C 36 7 -15 1 26) an application for the property tax deductions
approved herein shall also be subject to the approval of the commission that designated the
allocation area as required under 1 C 6 -1 1 12 1 4
BE IT FURTHER RESOLVED THAT this Resolution shall be filed with the
Hainilton County Assessor as required by I C 6 1 1 12 1 4
BE IT FINALLY RESOLVED THAT notice of the adoption of and the substance of
this Resolution shall be published in accordance with I C 5 -3 1 and that such notice shall be in
the form attached hereto and incorporated helm as Exhibit B rO
Adopted by the Common Council of the City of Carmel Indiana thrsa day of NI fir" "i
2009 by a vote of z ayes and 0 nays
Sponsors Councilors Sharp Carter, and Snyder
COMMON COUNCIL OT THE CITY OF t 1
stdmg Officer o
C a te=
W E Se en icker or mpore Kevin Ridgy
41 1/ AP II
cetturo Richard L Sharp
Ronald E Carter nyder
AT'fE
Diana L Cordray IAMC Clcr asurer
Presented by me to the Ma) or of the City of Carm Indiana this ot day of N ektestack
2009 at S
35' _e_
Diana L Cordray, IAMC
Approved by me Mayor of the City of Carmel In a thts6. day of er_`g1
2009 at f m
es Brainard Mavor
ATTEST
/I c
Diana L Cordray IAMC, Clerk 4 asurer
Prepared by Chad Sweeney
Ginovus
8888rKeystone Crossing
Suite 1450
Indianapolis Indiana 46240
317/819 4415 (telephone)
317/844 4780 (facsimile)
Chad ®ginovus com (e mail)
Sponsors Councilors Sharp Carter, and Snyder
EXHIBIT A
A LAND BOUNDARY DESCRIPTION OF THE BUILDING AT
1320 CITY CENTER DRIVF, SUITE 100, CARME L, INDIAN 146032
HAMILTON COUNTY, INDIANA
DATE
PAGE 1 OF 1
LAND DESCRIPTION
Part of the Northeast Quarter of Section 35 Township 18 North Range 3 East of the Second
Principal Merzdian in Familton County, Indiana being more particularly described as follows
Commencing at a railroad spike marking the Southwest Corner of the said Northeast Quarter
Section thence North 00 degrees 07 minutes 31 seconds West (assumed bearing) along the West
line of the said Quarter Section a distance of 510 08 feet to a P K nail, thence continuing along
said line North 00 degrees 07 minutes 31 seconds West 62 58 leet thence North 89 degrees 52
minutes 29 seconds East 28 99 feet to the eastern right of way Tine of Pennsylvania Street
recorded as Instrument #200300029019 in the Office of the Recorder of Hamilton County
Indiana said point being the POINT OF BEGINNING of this descnption thence North 00
degrees 07 nunutes 30 seconds West 475 63 teet along said eastern right of way line of
Pennsylvania Street thence North 89 degrees 52 minutes 28 seconds East 59 55 feet to a point of
curve concave southerly having a radius of 236 62 feet the radius point of said curve bears
South 00 degrees 07 minutes 32 seconds East, thence easterly along said curve 77 24 feet to a
point which bears North 18 degrees 34 minutes 36 seconds East from said radius point said
point being the point of reverse curve of a curve concave northerly having a radius of 328 19
feet the radius point of said curve beats North 18 degrees 34 nunutes 38 seconds East thence
easterly along said curve 109 83 feet to a point which bears South 00 degrees 35 minutes 50
seconds East from said radius point thence South 00 degrees 07 minutes 31 seconds East 46 00
feet to the point of curve of a non tangent curve concave northerly having a radius of 374 20 feet
the radius point of said curve bears North 00 degrees 32 minutes 21 seconds West, thence
easterly along said curve 150 71 feet to a point which bears South 23 degrees 36 minutes 53
seconds East from said i adius point, said point being the point of reverse curve concave
southerly having a radius of 520 30 feet the radius point of said curve bears South 23 degrees 36
minutes 53 seconds East, thence easterly along said curve 252 26 feet to a point which bears
North 04 degrees 09 minutes 52 seconds East from said radius point thence North 00 degrees 18
minutes 41 seconds West 156 45 feet thence North 89 degrees 41 minutes 19 seconds East
217 35 feet thence South 00 degrees 18 minutes 41 seconds East 192 63 ,feet to the point of
curve of a non tangent curve concave easterly having a radius of 819 43 feet the radius point of
said curve bears North 88 degrees 55 minutes 28 seconds East thence southerly along said curve
235 06 feet to a point which bears South 72 degrees 29 minutes 19 seconds West from said
radius point said point being the point of non tangent curve concave westerly having a radius of
580 64 feet the radius point bears South 72 degrees 29 minutes 30 seconds West thence
southerly along said tune 174 50 feet to a point which bears North 89 degrees 42 minutes 40
seconds East from said radius point thence South 00 degrees 13 minutes 17 seconds East 47 10
feet, thence South 88 degrees 49 minutes 16 seconds West 886 36 feet thence North 44 degrees
34 minutes 41 seconds West 41 29 feet thence South 89 degrees 52 minutes 29 seconds West
2 37 feet to the POINT OF BEGINNING, containing 10 501 acres more or less
Sponsors Councilorc Sharp, Carter, and Snyder
EXHIBIT B
NOT ICE OF ADOPTION REGARDING THE APPROVAL OF A
TEN -YEAR PERSONAL PROPERTY TAX ABATEMENT FOR
DEALER SERVICES CORPORATION'S CORPORA FE HEADQUARTERS LOCATED
AT 1320 CITY CENTER DRIVE, SUITE 100
DATE
PAGE 1 OF l
Notice is hereby given that the Common Council of the City of Carmel Indiana did on the 2" of
November 2009 adopt a Resolution approving a ten year personal property tax abatement foi
Dealer Services Corporation for its investment in expanding its corporate headquarters facility
located at 1320 City Center Drive Suite 100 This Resolution which affects the following
described pioperty located in the City of Carmel Indiana 1320 City Center Dnve, Suite 100,
Clay Township, was adopted following the fiiling,of information by Dealer Services Corporation
and the previous approval of the designation of property located at 1320 City Center Drive
Suttc 100 as an Economic Revitalization Area for the purpose of secunng an abatement of
property taxes pursuant to Indiana Code Section 6 1 1 12 1 -4 relative to the installanon of new
qualifying research and developnienUmformation technology /computer hardware and software
oricnted equipment
Such Resolution previously approving such property as an Economic Revitalization Area
and such Resolution approving a ten-sear pei sonal property tax abatement for Dealer Services
Corporation were provided by the Common Council of the City of Carmel Indiana on the 2" of
November, 2009 Furthermore the Resolution states that on the 16 of November 2009 „at 6
p m in the Council Chamber Room located at One Civic. Square Cannel 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 personal property tax abatement for Dealer
Services Corporation for its investment in new qualifying iesearch,and development /information
technology/computer hardware and software -oriented equipment A description of information
related to Dealer Services Corporation s project and a copy of such Resolution are available for
inspection in the I lamilton County Assessor s Office Suite 214 33 North 9` Street Noblesville,
lndiana'46060
A r r^
7 0 e o 0C
70 000 QC
CITY OCARMEL
JAMES BRAWARD MAYOR
July 2 2009
Mr Many McFarland
CFO
Dealer Services Corporation
1320 City Center Dnve
Suite 100
Carmel 114 46032
Dear Mr McFarland
The City of Carmel is most pleased to have the opportunity to work with Ginovus m support of Dealer Service,
Corporation s proposed expansion project m our community We have enjoyed working with your company and Gmovus to
identify the most meaamgfiil ways we can assist with your proposed project I have enjoyed following Dealer Services
Corporation s successes smce the company Located its corporate headquarters in Carmel four years ago
It is ow understanding that Dealer Sernces Corporation is contemplatmg a capital mveslment of approximately S3 5
million, the retention of 83 aistmg positrons the =anon of approximately 30 new jobs and an average amual salary level
of approximately S55 000 00 m the City of Carmel by December 31 2013 In support of the proposed expansion of your
company's corporate headquarters facilities m our community the City of Carmel makes the following commitments m
support of the project
1 The City of Cannel will provide a ten -year personal property tax abatement in support of the company s
mvesenent'm new mformatmn technology and telecommunications equipment in the company's atreung
leased buildmg and,
2 The City of Carnal will provide support for and participate in the development of a press release regarding
Dealer Services Corporation s proposed expansion project, if a decision is made to expand the company's
presence m our community
Please note that final approval for property tax abatement is required from the Cannel City Council for the proposed
expansion project. The City of Cannel will provide you and Gmovus with all necessary techmeal assistance throughout the
property tax abatement approval process
The City of Carmel greatly appreciates the opponumty to work with Dealer Services Corporation and Ginovus on
another project We are very pleased that your company is considering another project in the City of Carmel. Thank you for
yournxnisidetation.
V truly yours, gt
Wl-
Srammd
cc Members of the Carmel City Council
Diana Cordray Clerk Treasurer
Larry Clench, Managing Director, Gmovus
Olt f n ic SQUARF C taattt IN 46032 0E1 IL ,17 571 2101 L'nt -117 441 5498
Fusin Ihrain.irdr.Atannel m brn