RESOLUTION NO. 2624-05 CONFIRMING RESOLUTION AF RESOLUTION OF1 THE LAI PORTE COUNTY COUNCIL DETERMINING THATT THE QUALIFICATIONS FOR AN ECONOMICI REVITALIZATION, AREAI HAVE BEEN MET AND CONFIRMING AI DECLARATORY RESOLUTION. ADOPTED BY1 THE COUNCIL FOR SPINA ENTERPRISES (PERSONAL ANDI REAL PROPERTY) WHEREAS, the LaPorte County Council pursuant to "Deduction for Rehabilitation or Redevelopment of Real Property and /or Personal Property in Economic Revitalization Areas Act" (hereinafter referred to as the "Act" and a.k.a Indiana Code 6-1.1-12.1-1 etc. seq.) has declared the following described areat to be an economici revitalization area; Current Owners: Spina Enterprises 10855 West 400 North Michigan City, IN 46360 Spina Enterprises 10855 West 400 North Michigan City, IN 46360 Petitioners: 046-Coolspring Township #1, 11-05-08-300-052 PCE IN SW CORV W1/2 SW1 %0 CMG3OFTE-4OTNO1SWCORSWXSTB R4-9.40acpe WHEREAS, under the provisions of said "Act" a copy of the foregoing Resolution was filed for WHEREAS, the public notice ofi the adoption and substance ofs such resolution has been published ina accordance with I.C. 5-3-1; as well as setting forth that a public hearing would be held on the 29th day of May, 2024 to receive and hear all remonstrances. and objections from interested persons; and WHEREAS, the LaPorte County Council received and heard all remonstrance and objections to its NOW,THEREFORE, ITI ISH HEREBY RESOLVED BY THE LAPORTE COUNTY COUNCIL, THAT: SECTION1. The LaPorte County Council hereby determines that the area describes hereinabove SECTION 2. The Declaratory Resolution No. 2024-04B, dated April 22, 2024, the same being a resolution declaring a portion of LaPorte County an economic revitalization area, pursuant to I.C. 6.1.1- a. That the above-described area shall be designated as an Economic Revitalization Area for a public inspection at the office of the LaPorte County Assessor'soffice; Declaratory Resolution from interested persons and considered the evidence. meets the qualifications for designation as an economic revitalization area. 12.1-1, et. seq., is hereby confirmed and the following are adopted, to-wit: period of two (2) years, beginning with the date oft this Resolution; ;and b. That the property tax deduction to which the property owner is entitled shall apply to personal property and real property improvements, pursuant to I.C. 6.1.1-12.1-4.5 and I.C. That the property tax deduction to which the property owner is entitled shall apply to new manufacturing, logistics, research and development, andi information technology equipment, d. That the deduction for new manufacturing, logistics, research and development, and information technology equipment shall apply to such machinery and equipment purchased and installed on orafter the date of this Resolution at the property location described above; e. That no cost limitation is placed upon the amount of deduction for the new manufacturing, logistics, research and development, and information technology equipment; and That this deduction applicable for new manufacturing, logistics, research and development, and information technology equipment is limited to ten (10) years; and g. That the estimate of cost for new development and machinery is reasonable for the type of h. That the estimate ofi the additional employees that will be hired can reasonably be expected That the estimate oft the annual salaries oft the newe employees can reasonably! be expected to Thati thet totality oft thel benefitsi is sufficient toj justify the granting oft this requested deduction; k. That the "Statement of Benefits" submitted by the Petitioner is hereby approved and the President of the LaPorte County Council is hereby authorized to execute the same on behalf That this determination is final except that an appeal may be taken and heard as provided SECTION3 3. This Resolution shall be in full force and effect from afteri its passage and approval, as 6.1.1-12.1-5.1; ;and pursuant to I.C.6 6.1.1-12.1-4.5 and I.C. 6.1.1-12.1-5.1;and and facility to be built; and to result from the proposed development; and result from the proposed development; and and ofs said County Council; and under the "Act" (I.C. 6-1.1-12.1-2.5 (d) and (e)). required byl law. Passed and adopted this 29th day of May, 2024. Randy lgvak Pk President, Lal Porte County Council f Blony Tim Stabosz Lal Porte County Auditor NOTICETO RESIDENTS OFI LAPORTE COUNTY, INDIANA Notice: isl hereby given to the residents ofLal Porte County, Indiana, that on April 22, 2024, thel Lal Porte County Council introduced Resolutions, including a Resolution declaring certain property within La Porte County to be an Economic Revitalization Area pursuant to Al Resolution oft the Lal Porte County Council Declaring a Portion ofl La Porte County Indiana an Economic Revitalization Area Pursuant to Indiana Code 6-1.1-12.1.1 the LC6-1.1-121-1.The following is an excerpt from this Resolution: Current Owners: Spina Enterprises 10855 West 400 North Michigan City, IN 46360 Spina Enterprises 10855 West 400 North Michigan City, IN 46360 Petitioners: WHEREAS, thel La Porte County Council is the statutory body with the authority to designate an area within itsj jurisdiction as an economic revitalization area as defined in WHEREAS, a petition for personal and real property tax abatement. has been filed with and for consideration by the La Porte County Council requesting that the following described Indiana Code 6-1.1-12.1-1, ets seq. property in La Porte County Indiana: 046- Coolspring Township #1,11-05-08:300-052 PCE IN: SW COR W1/2: SW 44 CMG 330 FTI E+40FTN JofsWO CORSW:4458737 R4-9 9.40 ac pe. Be designated as an Economic Revitalization area under the Provisions of Indiana Code 6- WHEREAS, thel La Porte County Council has reviewed the information contained in the statement ofb benefits filed by the Petitioner with its request, including the impact on the tax NOWTHEREFORE BEI ITI RESOLVED BY THE LA PORTE COUNTY COUNCIL THAT: Section 1: The La Porte County Council now finds that the benefit described in the statement ofl benefits filed in regard tot this area can be reasonably expected to the result from the project and are sufficient toj justify the applicable deduction int the event the above-referenced property is designated and confirmed to be an economic revitalization 1.1-12.1-1, ets seq. rate incorporated therein. area. Section 2: The area described hereinabove and located within La Porte County isl hereby declared tol be an economic revitalization area pursuant to Indiana Code 6-1.1-12.1-1,et Section 3: The designation oft this area is puti in effect for aj period oft two years from the Section 4: This resolution shall be in full force and effect from and after its passage and seq. passage oft the confirmatory resolution. approval and confirmation, as required by law. The complete Resolution and a description oft the designated area is on file in the La Porte County Auditor's Office, 555 Michigan Ave, La Porte, Indiana, 46350, and is available for public inspection during normal office hours, 8:00A.M. to 4:00P.M., Monday through Friday. Notice is also given that the La Porte County Council will receive and hear all remonstrance and support att the meeting on May 29, 2024 at 6:00P.M. (Local Time) in the Council Chambers/Conference Room 31 located at the La Porte County Complex, 809 State Street, La Porte, Indiana, 46350 on the adoption ofac confirming resolution containing the following: A RESOLUTION OF THE LA PORTE COUNTY COUNCIL DETERMINING THAT THE QUALIFICATIONS FOR AN ECONOMIC REVITALIZATION AREA HAVE BEEN MET AND CONFIRMING A DECLARATORY RESOLUTION ADOPTED BY' THE COUNCIL FOR SPINA ENTERPRISES (PERSONALAND REAL PROPERTY) SECTION 1. The Lal Porte County Council hereby determines that the area described hereinabove meets the qualifications for designation as an economic revitalization area. SECTION 2. The Declaratory Resolution dated April 22, 2024, the same being a resolution declaring a portion of Lal Porte County an economic revitalization area, pursuant toLC$61.1-121-1, et. seq., isl hereby confirmed and the following are adopted, to-wit: a) That the above-described area shall be designated as an Economic Revitalization Area for a period oft two (2). years, beginning with the date oft this Resolution; and b) That the property tax deduction to which the property owner is entitled shall apply toj personal property and real propervylmprovements, pursuant tol I.C. 6.1.1-12.1-4.5 C) That the property tax deduction to which thej property owneri is entitled shall apply to new manufacturing, logistics, research and development, and information technology and I.C. 611-12.1-5.1;and equipment, pursuant tol I.C. 6.1.1-12.1-4.5 and IC. 6.1.1-12.1-5.1;and d) That the deduction for new: manufacturing, logistics, research and development, and information technology equipment shall apply to such machinery and equipment purchased and installed on or after the date oft this Resolution at the property location e) Thati no cost limitation is) placed upon the amount of deduction for the new manufacturing, logistics, research and development, and information technology f) That this deduction applicable for new manufacturing, logistics, research and development, and information technology equipment limited to ten (10) years; and g) That the estimate of cost for new development and machinery is reasonable for the h) That the estimate of the additional employees that will be hired can reasonably be i) That the estimate of the annual salaries of the new employees can reasonably be j) That thet totality oft the benefits is sufficient toj justify the granting of this requested k) That the Statement of Benefits" submitted by thel Petitioner is hereby approved and the President of thel La Porte County Council is hereby authorized to execute the same I) That this determination is final except that an appeal may be taken and heard as described above; and equipment; and type of facility to bel built; and expected to result from the] proposed development; and expected to result from the proposed development; and deduction; and on behalf ofs said County Council; and provided under the "Act" (LC. 6-1.1-12.1-2.5 (d) and (e)). 024 y Stabosz La Porte County Auditor 5/29/24 t Timothy