HomeMy WebLinkAboutCC-08-01-11-01 Allegient, LLC 10 year PP Tax Abatementand
RESOLUTION CC- 08- 01- 11 -01
Sponsors: Councilors Seidensticker, Rider, Sharp and Snyder
A CONFIRMATORY RESOLUTION "RESOLUTION
OF THE COMMON COUNCIL OF
THE CITY OF CARMEL, INDIANA,
APPROVING A TEN -YEAR (10) PERSONAL PROPERTY TAX ABATEMENT FOR
ALLEGIENT, LLC.
201 WEST 103 STREET, SUITE 520, INDIANAPOLIS, INDIANA 46290
WHEREAS, I.C. 6 -1.1- 12.1 -4.5 authorizes partial abatement of personal property taxes
attributable to the installation of qualifying new information technology /telecommunications equipment,
computer hardware, logistics /distribution equipment and computer software "Qualified Equipment
WHEREAS, I.C. 6 -1.1- 12.1 -4.5 empowers the Common Council of the City of Carmel, Indiana
(the "Council to grant approval for personal property tax abatement for new Qualified Equipment; and
WHEREAS, information contained in the Designation Application (as defined in I.C. 6 -1.1-
12.1-1) has heretofore been filed with the Council by Allegient, LLC "the Company and such
information describes the investment in new Qualified Equipment at 201 West 103` Street, Suite 520,
Indianapolis, Indiana 46290; and
WHEREAS on July 18, 2011, the Council did approve declaratory Resolution CC: 07- 18 -11 -01
designating the Site as an Economic Revitalization Area (ERA) for purposes of providing personal
property tax abatement to the Company; and
WHEREAS, the Company will occupy this location for its corporate headquarters operations,
provided that the Company is able to obtain personal property tax deductions as authorized by I.C. 6 -1.1-
12.1-4.5; and
WHEREAS, the Company seeks to have the Council authorize personal property tax deductions
in connection with the qualifying investment related to the installation of new Qualified Equipment at
the Site; and
WHEREAS, the Council has reviewed such information together with the Company's Statement
of Benefits (Form SB -1) and now desires to take actions hereinafter set forth.
NOW, THEREFORE, based upon a review of the information provided 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 building are zoned for and generally suitable for use as an
office development; however, there is lack of demand for office space in
the geographic area where the Site is located (the "Corridor due to the
present economic conditions.
1
FINDING 2.
FINDING 3.
FINDING 4.
FINDING 5.
FINDING 6.
FINDING 7.
FINDING 8.
FINDING 9.
Sponsors: Councilors Seidensticker, Rider, Sharp and Snyder
(b) Vacancy rates for office space in the Corridor and an abundance of
sublease opportunities evidence an oversupply of office space in the
Corridor.
The Company's proposed use of the site as a corporate headquarters is
consistent with the site's existing zoning and represents a superior use for a
portion of the building.
The Company's installation of new personal property will result in an
addition to the Corridor's overall assessed value.
The proposed improvement at the Site by the Company meets the parameters set
forth in Council Resolution No. CC- 02- 05- 01 -02.
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.
The estimate of the number of individuals who will be employed (i.e.,
approximately 42 new FTEs) can be reasonably expected to result from the
Company's proposed expansion at the Site.
The estimate of the annual salaries (i.e., average of approximately $122,000 per
annum) for those individuals who will be employed by the Company can be
reasonably expected to result from the Company's proposed expansion at the Site.
The estimate of the cost and assessed value of the new Qualified Equipment is
reasonable for investment of that type.
The Company will continue to be an active corporate citizen.
FINDING 10. The Company's corporate headquarters in Carmel is consistent with the goals
and visions established by the City of Carmel and the Hamilton County Alliance.
FINDING 11. Other benefits can be reasonably expected to result from the Company's proposed
expansion at the site and installation of the new personal property.
FINDING 12. The totality of benefits is sufficient to justify personal property tax deductions
herein described.
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Sponsors: Councilors Seidensticker, Rider, Sharp and Snyder
NOW, THEREFORE, BE IT RESOLVED THAT, a legal description of the Site has been
attached hereto as Exhibit A.
BE IT FURTHER RESOLVED THAT, the Site was previously designated as an ERA for
purposes of granting personal property tax abatement in support of the new Qualified Equipment.
BE IT FURTHER RESOLVED THAT, on August 1, 2011, the Council did hold a public
hearing to receive all remonstrances and objections from interested persons, and took final action
confirming Resolution CC: 08- 01 -11 -01 along with the findings and declarations contained therin.
BE IT FURTHER RESOLVED THAT, the number of years for which the Company is entitled
to a deduction for investments made in the new Qualified Equipment pursuant to 1.C. 6- 1.1- 12.1 -4.5 shall
be ten (10).
BE IT FURTHER RESOLVED THAT, the Council shall have the right to reduce the length of
and /or end the ERA and subsequent personal property tax abatement 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, job 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 THAT, the deductions authorized herein are contingent upon
the approval of the (10) ten -year personal property tax abatement prior to the installation of new
Qualified Equipment.
BE IT FURTHER RESOLVED THAT, this Resolution shall be filed with the Hamilton
County Assessor as required by I.C. 6- 1.1- 12.1 -4.5.
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 herein as Exhibit B.
3
PASSED by the Common Council of the City of Carmel, Indiana this t S} day of
2011, by a vote of LP and O nays.
ATTES
ATTEST:
Presiding Off er
W. Eric S o enstj ker, Presi
Accetturo
onald E. Carter
Dian L. Cordray, Clerk Treasu
n
Presented by me to the Mayor of the City of Carmel, Indiana, the o/ day of
2011, at tot: 41 p .m.
aix Approved by me, the Mayor of the City of Carmel, Indiana! this 3 day of
ptitA ,2011,at1C7. I`7 .m.
Diana L. Cordray, Clerk Treasurer
COMMON COUNCIL OF THE CITY OF CARMEL
t Pro Tempore
Sponsors: Councilors Seidensticker, Rider, Sharp and Snyder
Prepared by: Leslie Wagner, Director of Project Management and .Development
Ginovus
8888 Keystone Crossing
Suite 1450
Indianapolis, Indiana 46240
317/819 -4412 (telephone)
317/844 -0888 (facsimile)
Leslie @ginovus.com (e -mail)
Diana Cordray, Clerk- Treasure
James Brainard, Mayor
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Parcel A
Sponsors: Councilors Seidensticker, Rider, Sharp and Snyder
EXHIBIT A
A LAND BOUNDARY DESCRIPTION OF THE BUILDING AT
201 WEST 103` STREET, INDIANAPOLIS, INDIANA 46290
HAMILTON COUNTY, INDIANA
Part of the Southwest Quarter of Section 11, Township 17 North, Range 3 East in Hamilton County,
Indiana, being more particularly described as follows:
Commencing at a stone marking the Northwest corner of said Quarter Section; thence South 00 degrees 03
minutes 10 seconds West (Assumed Bearing along the West line of said Quarter Section a distance of
752.12 feet to a P.K nail; thence South 89 degrees 56 minutes 50 seconds East a distance of 35.00 feet to a 5/8
Inch rebar with yellow cap marked "Schneider Engr.Corp." and the East right of way line for Spring Mill
Road per plans for I. S.H.C. Project No. 1-465-4494)-130 dated 1965, Sheet No. 42 (the next two (2)
descnbed courses being along the said East right of way line); thence South 02 degrees 30 minutes 12 seconds
East a distance of 112.11 feet to a 5/8 inch rebar with yellow cap marked "Schneider Engr. Corp. thence
South 02 degrees 48 minutes 30 seconds East a distance of 136.34 feet to a 5/8 inch rebar with yellow cap
marked °Schneider Engr. Corp. thence North 89 degrees 06 minutes 10 seconds East, parallel with the
North line of the said Quarter Section, a distance of 200.01 feet to a 5/8 inch rebar with yellow cap marked
"Schneider Engr. Corp." and the Beginning Point; thence North 00 degrees 03 minutes 10 seconds East,
parallel with the said West line, a distance of 257.32 feet to a curve having a radius of 230.00 feet, the radius
point of which bears North 04 degrees 51 minutes 55 seconds West; thence Northeasterly along the arc of
said curve a distance of 283.53 feet to the point of reverse curvature of a curve having a radius of 1185.00
feet, the radius point of which bears South 75 degrees 29 minutes 42 seconds East; thence Northerly along the
arc of said curve a distance of 170.27 feet to a point which bears North 67 degrees 15 minutes 45 seconds
West from said radius point; thence North 22 degrees 44 minutes 15 seconds East a distance of 72.34 feet to
a curve having a radius of 40.00 feet, the radius point of which bears South 67 degrees 15 minutes 45
seconds East; thence Easterly along the arc of said curve a distance of 62.83 feet to a point which bears
North 22 degrees 44 minutes 15 seconds East from said radius point; thence South 67 degrees 15 minutes 45
seconds East a distance of 23.80 feet to a curve having a radius of 330.00 feet, the radius point of which bears
North 22 degrees 44 minutes 15 seconds East; thence Easterly along the arc of said curve a distance of
130.96 feet to a point which bears South 00 degrees 00 minutes 00 seconds East from said radius point;
thence North 90 degrees 00 minutes 00 seconds East a distance of 153.48 feet to a P.K Nail; thence South 10
degrees 00 minutes 00 seconds West a distance of 301.69 feet to a 5/8 inch rebar with yellow cap marked
"Schneider Engr. Corp thence North 89 degrees 06 minutes 10 seconds East, parallel with the said North
line, a distance of 148.04 feet to a 5/8 inch rebar with yellow cap marked °Schneider Engr. Corp'; thence
South 00 degrees 03 minutes 10 seconds West, parallel with the said West line, a distance of 337.08 feet to a
5/8 inch rebar with yellow cap marked "Schneider Engr. Corp'; thence South 89 degrees 06 minutes 10
seconds West, parallel with the said North line, a distance of 736.38 feet to the Beginning Point.
Parcel B
Part of the Southwest Quarter of Section 1 1,Township 17 North, Range 3 East in Hamilton County, Indiana,
being more particularly described as follows:
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Sponsors: Councilors Seidensticker, Rider, Sharp and Snyder
Commencing at a stone marking the Northwest Corner of said Quarter Section; thence South 00 degrees 03
minutes 10 seconds West (assumed bearing) along the West line of said Quarter Section a distance of 732.50
feet to a P.K Nail and the Beginning Point; thence continue South 00 degrees 03 minutes 10 seconds West
along the said West line a distance of 19.62 feet to a P.K Nail; thence South 89 degrees 56 minutes 50 seconds
East a distance of 35.00 feet to a 5/8 inch rebar with yellow cap marked "Schneider Engr. Corp' and the East right
of way line for Spring Mill Road per plans for I.S.H.C. Project No. 1 -465- 4494) -130 dated 1965, Sheet No. 42
(the next two (2) described courses being along the said East right of way line); thence South 02 degrees 30
minutes 12 seconds East a distance of 112.11 feet to a 5/8 inch rebar with yellow cap marked "Schneider Engr.
Corp'; thence South 02 degrees 48 minutes 30 second East a distance of 136.34 feet to a 5/8 inch rebar with
yellow cap marked "Schneider Engr. Corp thence North 89 degrees 06 minutes 10 seconds East, parallel with
the North line of the said Quarter Section, a distance of 200.01 feet to a 5/8 inch rebar with yellow cap marked
"Schneider Engr. Corp thence North 00 degrees 03 minutes 10 seconds East, parallel with the said West line,
a distance of 257.32 feet to a curve having a radius of 230.00 feet, the radius point of which bears North 04
degrees 51 minutes 55 seconds West; thence Northeasterly along the are of said curve a distance of 283.53
feet to the point of reverse curvature of a curve having a radius of 1185.00 feet, the radius point of which bears
South 75 degrees 29 minutes 42 seconds East; thence Northerly along the arc of said curve a distance of
170.27 feet to a point which bears North 67 degrees 15 minutes 45 seconds West from said radius point;
thence North 22 degrees 44 minutes 15 seconds East a distance of 72.34 feet to a curve having a radius of
40.00 feet, the radius point of which bears South 67 degrees 15 minutes 45 seconds East; thence Easterly along
the arc of said curve a distance of 62.83 feet to a point which bears North 22 degrees 44 minutes 15 seconds
East from said radius point; thence South 67 degrees 15 minutes 45 seconds East a distance of 23.80 feet to
a curve having a radius of 330.00 feet, the radius point of which bears North 22 degrees 44 minutes 15 seconds
East; thence Easterly along the arc of said curve a distance of 130.96 feet to a point which bears South 00
degrees 00 minutes 00 seconds East from said radius point; thence North 90 degrees 00 minutes 00 seconds East a
distance of 153.48 feet to a P.K Nail; thence North 00 degrees 00 minutes 00 seconds East a distance of 15.00
feet to a P.K Nail; thence South 90 degrees 00 minutes 00 seconds West a distance of 153.48 feet to a P.K
Nall and a curve having a radius of 315.00 feet, the radius point of which bears North 00 degrees 00 minutes
00 seconds East; thence Westerly along the arc of said curve a distance of 125.01 feet to a P.K Nail which
bears South 22 degrees 44 minutes 15 seconds West from said radius point; thence North 67 degrees 15
minutes 45 seconds West a distance of 78.80 feet to a P.K Nail; thence South 22 degrees 44 minutes 15
seconds West a distance of 127.34 feet to a P.K. Nail and a curve having a radius of 1200.00 feet, the radius
point of which bears South 67 degrees 15 minutes 45 seconds East; thence Southerly along the are of said
curve a distance of 171.98 feet to a P.K Nail and the point of reverse curvature of a curve having a radius of
225.00 feet, the radius point of which bears North 75 degrees 28 minutes 27 seconds West; thence
Southwesterly along the arc of said curve a distance of 296.59 feet to a P.K Naii; which bears South 00
degrees 03 minutes 10 seconds West from said radius point; thence North 89 degrees 56 minutes 50 seconds
West a distance of 217.52 feet to the Beginning Point.
EXCEPTING THEREFROM: That real estate conveyed by H.R.B. Associates, LP,to The Board of
Commissioners of Hamilton County, Indiana by Warranty Deed dated December 27, 1994 and recorded
October 12, 1995 as Instrument No. 95 -55912 on the Office of the Recorder of Hamilton County, Indiana.
ALSO EXCEPTING: That real estate conveyed by H.R.B. Associates, LP. to Meridian 465 Associates,
LP. by Warranty Deed dated December 27, 1994, and recorded October 12, 1995, as instrument No. 95-
55913, in the Office of the Recorder of Hamilton County, Indiana.
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Sponsors: Councilors Seidensticker, Rider, Sharp and Snyder
EXHIBIT B
NOTICE OF ADOPTION REGARDING THE APPROVAL OF A
TEN -YEAR PERSONAL PROPERTY TAX ABATEMENT FOR
ALLEGIENT, LLC, D/B /A ALLEGIENT
201 WEST 103 STREET, SUITE 520, INDIANAPOLIS, INDIANA 46290
PAGE 1 OF 1
PUBLIC NOTICE OF ADOPTION OF RESOLUTION CC: 08- 01 -11 -01
Notice is hereby given that the Common Council of the City of Carmel, Indiana did on 18th of
July, 2011, adopt Resolution CC: 07- 18 -11 -01 designating an Economic Revitalization Area
"ERA for Allegient, LLC, d /b /a Allegient for its investment at its corporate headquarters
facility located at 201 West 103 Street, Suite 520, Indianapolis, Indiana 46290. This Resolution,
which affects the following described property located in the City of Carmel, Indiana: 201 West
103 Street, Suite 520, White River Township, Parcel No. 16- 13- 11- 00 -00- 036.005 as described
in Exhibit A of Resolution CC: 07- 18 -11 -01 (the "Property was adopted following the filing
of information by Allegient, LLC, designating the Property as an ERA for the purpose of
securing a (10) ten year personal property tax abatement pursuant to Indiana Code Section 6 -1.1-
12.1 -4.5 relative to the installation of new qualifying equipment.
On the 1 of August, 2011, at 6 p.m. in the Council Chamber Room, located at One Civic
Square, Carmel, Indiana, 46032, the Common Council shall hold a public hearing and receive all
remonstrances and objections from interested persons regarding these proceedings before taking
final action confirming, modifying or rescinding Resolution CC: 07- 18- 11 -01. A description of
the property and a copy of Resolution CC: 07- 18 -11 -01 are available for inspection in the
Hamilton County Assessor's Office, North 9th Street, Suite 214, Noblesville, Indiana 46060.
For additional information on the project, contact Leslie Wagner, Director of Project
Management and Development, Ginovus, 317- 819 -4412.
Page 7 of 7
STATEMENT OF BENEFITS
PERSONAL PROPERTY
State Fort 51764 (R 1-06)
Prescribed by the Department of Local Government Finance
FORM SB -1 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 1 and the extended due date of that year.
4. Properly owners whose Statement of Benefits was approved after June 30, 1991, must submit Form CF -1 PP annually to show compliance with the
Statement of Benefits. (1C 6 -1.1- 12.1 -5.6)
5. The schedules established under IC 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- 12.1 -4.5(f) and (g))
CiON1
AXPAYER INFORMATION
Name of taxpayer
Allegient, LLC
Address of taxpayer (number and street, city, state, and ZIP code)
201 W. 103rd Street, Suite 520, Indianapolis, IN 46290
Name of contact person
Greg Gallant, President
Name of designating body
Common Council of the City of Carmel
Telephone number
(317) 564-5699
Resolution number (s)
CATION`ANDDESCRIPTION OF
ESTIMATE-OF „;rEMPLOYEES °AND SALARIES AS<RESULT.OF,: PROPOSED 'PROJECT
Salaries
5,557,988.80
Number retained
59
Salaries
5,557,988.80
TIMATED,.TOTALCOST.ANDVALUE OF PROPOSED' PROJECT
STECONVERTED 'AND:OTHER;BENEFITS_PROMISED BYTHE,TAXPAYER ,r
Number additional
42
Description of manufacturing equipment and/or research and development equipment
and /or logistical distribution equipment and /or information technology equipment.
(use additional .sheets if necessary)
Allegient, LLC plans to invest approximately $325,000 in
new computers and information technology hardware
equipment.
NOTE: Pursuant to IC 6 -1.1- 12.1 -5.1 (d) (2) the
COST of the property is confidential.
MANUFACTURING
EQUIPMENT
COST ASSESSED
VALUE
R D EQUIPMENT
COST
Manufacturing Equipment
R 0 Equipment
Logist Dist Equipment
IT Equipment
ASSESSED
VALUE
LOGIST DIST
EQUIPMENT
08/01/2011
COST ASSESSED
VALUE
ESTIMATED
START DATE COMPLETION DATE
03/01/2016
Current number
59
Salaries
5,155,113.60
IT EQUIPMENT
COST
ASSESSED
VALUE
Location of property
201 W. 103rd Street, Suite 520, Indianapolis, IN 46290
County
Hamilton
DLGF taxing district number
29 -003
Current values
Plus estimated values of proposed project
Less values of any property being replaced
Net estimated values upon completion of project
Estimated solid waste converted (pounds)
representat
Estimated hazardous waste converted pounds)
Other benefits:
ereby certify that the representations in this statement are true.
Title
325,000.00
Date signed (mantlJ, day, year)
FOIE. USE.OF.;,THE'DESIGNATING'BODY
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- 1.1- 12.1 -2.5, provides for the foliowing 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
is
B The type of deduction that is allowed in the designated area is limited to:
1. Installation of new manufacturing equipment;
2. Installation of new research and development equipment;
3. Installation of new logistical distribution equipment.
4. Installation of new information technology equipment;
Ell year
❑2 years
3 years
0 years
5 years'"
6 years
7 years
8 years
El years
10 years
Attested by:
Approved: (signature r and authors jmember)
in
calendar years (see below). The date this designation expires
❑Yes ❑N o
[hies ❑N o
likes ❑N o
Eves ON o
C. The amount of deduction applicable to new manufacturing equipment is limited to cost with an assessed value of
D. The amount of deduction applicable to new research and development equipment is limited to cost
with an assessed value of
E The amount of deduction applicable to new logistical distribution equipment is limited to cost with an assessed value of
F. The amount of deduction applicable to new information technology equipment is limited to
G. Other limitations or conditions (specify)
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:
For ERA's established prior to July 1, 2000, only a
5 or 10 year schedule may be deducted.
Cost with an assessed value of
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 totality of benefits is sufficient to justjfy the deduction described above.
Telephone number
7/ 0 4 ,43
Date sig ed (month, day, year)
Designated body
0-0m rrlC r) Ot,tn
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 receive a deduction to a number of years designated under IC 6- 1.1- 12.1 -4.5
May "4, 2011
Mr. Larry Gigerich,'Managing Director'
Ginovus
8888 Keystone Crossing, Suite 1450
Indianapolis, Indiana '46240
Dear Larry:
The City of Carmel is most pleased to have the opportunity to work with you and your client, Allegient.LLC, regarding a
proposed project in our con niunity. It our understanding that Allegiant is an information technology organization that is
considering the eicpan'sion of its corporate headquarters and iriforrnation technology operationsTenter in Carmel, In_4iana.
We have enjoyed "working with:you on this project to identify the most nieaaingfui ways the City of Carmel can assist with
the proposed.project.
It is our understanding; that Allegient is considering an investment of approximately $1: Million in Iease:costs, real' estate
iiprovetnents and permonal,property.investment, the creation of approximately 42 new jobs (average annual salary level of
approximately $t30',Q00, Oita benefits) and retention of 59 exiating jobs in the City of Carmel, by December 31, 2016. In
support of the proposed proJect,;the City Of Cannel makes the following 'cammitrn,ents'insupport of the project:
1. The City of Carmel will provide a ten -year personal property tax abatement in support of the company's
personal property' investment iir support of the proposed project, and;
2. The 'City ;of.Cartnel will :provide support for and participate ih apublic announcement of Allegient's
proposed,project, should Carmel be selected for the project.
Please note that final approval is required from the Carmel City Council for property tax abatemment. The City of Carmel will
provide you and Ginovus with';a11 necessary technical assistance throughout- the property tax abatement approval process.
The City of Carmelgreatly appreciates the. opportunity to work with Ginovus in support of this exciting project. We are very
pleased that your company is considering the expansion of its corporate headquarters and information. technology operations
center in our community. If you have any questions, and/or comments; please do not hesitate to give me a call. Thank you
for your consideration.
q L
I E3 ono flL
C fly r br ARMEL
JAMES B1tAINARD, MAvou
Cc: Membcrs of the Carmel City Council
Leslie Wagner, Director of Project Management and Development, Ginovus
(.)Nt. SC),IJARV, CAea1 L. IN 4(o32 O i;; 317,57:1,2401, FAN' 17,$-'14.3498
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