City Approves Tax Abatement Filing Extension Resolution
July 28, 2016 at 4:25 p.m.
By Jennifer [email protected]
The request was approved for BDI Engineering Inc., 4130 Corridor Drive.
BDI Engineering Inc. is the successor to LRC Products, and requested to continue a seven-year tax abatement on real estate and personal property. That is the remaining time of LRC's original 10-year tax abatement request, of which they had used three years during the time they were in business.[[In-content Ad]]The resolution will allow BDI Engineering to file a late request for the remaining seven years on a 10-year tax abatement for the year 2008-2009.
LRC Products went out of business after the tax abatement was obtained. BDI Engineering Inc. has since purchased the property.
During its Oct. 19 meeting, the council previously tabled approving the tax abatement filing extension waiver for BDI Engineering Inc. to make sure all forms were filed. A public hearing was held Oct. 19.
Council President Joe Thallemer said Monday he talked with Kristy Mayer, Kosciusko County Assessor's Office, who informed him all forms had been properly filed for the tax abatement.
"We are fortunate to be able to extend the abatement and increase the personal property value which will benefit the city having the higher personal property value," Thallemer said.
He said Mayer informed him the decision to approve the filing tax abatement extension and continuation of the 10-year tax abatement was up to the council.
Steve Snyder, attorney representing BDI Engineering Inc., spoke during the Oct. 19 meeting about why the business qualifies for a tax abatement filing waiver.
Snyder said Monday there are provisions in Indiana state code that say a city council can waive a non-compliance filing and allow a company to file late after a public hearing is held.
"It doesn't make a difference what we do with personal property LRC had, as a successor there can be more personal property added during the period of the abatement and it would qualify for the abatement," Snyder said.
He said when there is a successor of real estate or personal property, there is no question a person can still do with it what the original abatement recipient could do. That includes modifying it and being in line to receive an abatement.
Snyder said BDI Engineering Inc. plans on adding to the personal property as they move forward, and ultimately there will be some additions to the real property.
Councilmen Jeff Grose and Dan Hampton said they supported the continuation of the tax abatement.
"I think we are all on board and feel BDI picked up where LRC left, which is a win-win situation for the community and BDI," Hampton said.
Grose agreed with Hampton's statement.
"LRC was in the city limits and BDI came in and are growing the business, and I think BDI is being a good neighbor and we should be a good neighbor by approving this tax abatement," Grose said.
In other business, the council approved a request for voluntary annexation. Petitioner Roger Bair requested to annex two parcels of land at 1305 W. Lake St., Warsaw.
The property will be able to receive city sewer as there is currently a sewer easement across the back of the property. In addition, the property will be annexed in with an industrial zoning designation.
The council also approved an ordinance to annex into the Warsaw city limits property owned by James and Nancy Miner on Ind. 15 effective Jan. 1.
The council also approved an ordinance to transfer $6,000 from operating supplies into park repair and maintenance supplies to cover anticipated repair supplies for Christmas light displays, building and equipment repair parts and material.
The council also approved transferring $500 into other supplies to be applied toward purchasing an upgraded Adobe Creative Suites software program, and transferring $2,000 for rentals to cover expenses as related to the rental of park uniforms, rugs and equipment.
The request was approved for BDI Engineering Inc., 4130 Corridor Drive.
BDI Engineering Inc. is the successor to LRC Products, and requested to continue a seven-year tax abatement on real estate and personal property. That is the remaining time of LRC's original 10-year tax abatement request, of which they had used three years during the time they were in business.[[In-content Ad]]The resolution will allow BDI Engineering to file a late request for the remaining seven years on a 10-year tax abatement for the year 2008-2009.
LRC Products went out of business after the tax abatement was obtained. BDI Engineering Inc. has since purchased the property.
During its Oct. 19 meeting, the council previously tabled approving the tax abatement filing extension waiver for BDI Engineering Inc. to make sure all forms were filed. A public hearing was held Oct. 19.
Council President Joe Thallemer said Monday he talked with Kristy Mayer, Kosciusko County Assessor's Office, who informed him all forms had been properly filed for the tax abatement.
"We are fortunate to be able to extend the abatement and increase the personal property value which will benefit the city having the higher personal property value," Thallemer said.
He said Mayer informed him the decision to approve the filing tax abatement extension and continuation of the 10-year tax abatement was up to the council.
Steve Snyder, attorney representing BDI Engineering Inc., spoke during the Oct. 19 meeting about why the business qualifies for a tax abatement filing waiver.
Snyder said Monday there are provisions in Indiana state code that say a city council can waive a non-compliance filing and allow a company to file late after a public hearing is held.
"It doesn't make a difference what we do with personal property LRC had, as a successor there can be more personal property added during the period of the abatement and it would qualify for the abatement," Snyder said.
He said when there is a successor of real estate or personal property, there is no question a person can still do with it what the original abatement recipient could do. That includes modifying it and being in line to receive an abatement.
Snyder said BDI Engineering Inc. plans on adding to the personal property as they move forward, and ultimately there will be some additions to the real property.
Councilmen Jeff Grose and Dan Hampton said they supported the continuation of the tax abatement.
"I think we are all on board and feel BDI picked up where LRC left, which is a win-win situation for the community and BDI," Hampton said.
Grose agreed with Hampton's statement.
"LRC was in the city limits and BDI came in and are growing the business, and I think BDI is being a good neighbor and we should be a good neighbor by approving this tax abatement," Grose said.
In other business, the council approved a request for voluntary annexation. Petitioner Roger Bair requested to annex two parcels of land at 1305 W. Lake St., Warsaw.
The property will be able to receive city sewer as there is currently a sewer easement across the back of the property. In addition, the property will be annexed in with an industrial zoning designation.
The council also approved an ordinance to annex into the Warsaw city limits property owned by James and Nancy Miner on Ind. 15 effective Jan. 1.
The council also approved an ordinance to transfer $6,000 from operating supplies into park repair and maintenance supplies to cover anticipated repair supplies for Christmas light displays, building and equipment repair parts and material.
The council also approved transferring $500 into other supplies to be applied toward purchasing an upgraded Adobe Creative Suites software program, and transferring $2,000 for rentals to cover expenses as related to the rental of park uniforms, rugs and equipment.
Have a news tip? Email [email protected] or Call/Text 360-922-3092