7.1 Salina Vortex Corporation Property Tax ExemptionCITY OF SALINA
REQUEST FOR CITY COMMISSION ACTIONDATETIME
12/01/20144:00 P.M.
AGENDA SECTIONORIGINATING DEPARTMENT:FISCAL APPROVAL:
7
NO:
BY: N/A
CITY CLERK’S OFFICE
FINAL APPROVAL:
ITEM
NO:
1
BY:Shandi WicksBY:JAG
Page 1
ITEM: Ordinance No. 14-10758
Second reading of Ordinance No. 14-10758formalizing the property tax exemption for Salina Vortex
Corp’s building addition located at 1725 Vortex Avenue.
BACKGROUND:
Ordinance No. 14-10758was passed on first reading onNovember 24,2014. Since that time no
comments have been received.
RECOMMENDED ACTION:
Adopt on second reading Ordinance No. 14-10758.
Summary published in the Salina Journal on December ____, 2014.
Published on the City of Salina’s website from December ___ to ___, 2014.
ORDINANCE NUMBER 14-10758
AN ORDINANCE EXEMPTING CERTAIN PROPERTY OWNED BYSALINA VORTEX
CORP.LOCATED AT 1725 VORTEX AVENUE, SALINA, KANSAS, FROM AD VALOREM
TAXATION.
BE IT ORDAINED
by the Governing Body of the City of Salina, Kansas:
Section 1.
Salina Vortex Corp.is hereby granted exemption from ad valorem taxes for property
located at 1725 Vortex Avenue, Salina, Kansas, under the terms of the City of Salina Tax Exemption
Policy and the conditions and limitations set out herein (the “Exemption”), all pursuant to Section 13 of
Article 11 of the Kansas Constitution and K.S.A. 79-251.
Section 2.
The Exemption shall only apply to newly constructed buildings and improvements
constructed between March 18, 2013and November 15, 2014for facilities located on the following
described property:
Lot One (1) and Lot Two (2),less the West 40.00 feet thereof, all inBlock Three (3), Airport
Industrial Subdivisionin the City of Salina, Saline County, Kansas. (aka 1725 Vortex Avenue).
.
Section 3OnMarch 18, 2013, the Governing Body conducted a public hearing on the granting
of the Exemption after publishing notice of the public hearing and notifying in writing the affected
taxing districts in accordance with K.S.A. 79-251(b).
Section 4.
On September 8, 2014, the Governing Body approved Resolution No. 14-7135
granting a 60 day time extension to Salina Vortex Corp. for completing the expansion project from
September 15, 2014 to November 15, 2014.
Section 5.The Governing Body finds that the property for which the Exemption is to be granted
will be used exclusively for the purposes specified in Section 13 of Article 11 of the Kansas
Constitution,specifically the manufacture of equipment used for handling and conveying dry bulk
materials.
Section6.
The Governing Body finds that the exemption herein granted for building
improvements is required to create and retain jobs in the State of Kansas.
Section 7.
No exemption shall be granted for taxes due on the above described land upon which
the qualified buildings and improvements are to be located.
.
Section 8Theapplication of the City of Salina Tax Exemption Policy results in qualification for
a tax exemption of one hundredpercent (100%) of the taxes due on the qualified property for years one
(1) through five (5) and Fifty percent (50%)of the taxes due on the qualified property for years six (6)
through ten (10).
Section 9.
Thetax exemption shall be for a term of ten (10) years commencing in 2014, with an
exemption of one hundredpercent (100%)granted for years one (1) through five (5) and one-half (1/2)
of the total exemption, or fifty percent (50%), granted for years six (6) through ten (10).
.
Section 10Theamount of property taxes not exempted or equivalent payments in lieu of such
taxes shall be paid annually to the County Treasurer. The County Treasurer shall distribute the
payments to affected taxing jurisdictions according to the provisions of K.S.A. 12-148. Failure of the
applicant to fully make such payment when due shall be deemed grounds for the revocation of the
Exemption.
Section 11.
Theapplicant shall be responsible for filing the appropriate tax exemption claim
forms as required by law.
Section 12.
Theapplicant shall submit an annual report as required by the City of Salina Tax
Exemption Policy by January 15 of each year for as long at the exemption remains in effect.
.
Section 13The Governing Bodyshall have the right to revoke the Exemption for failure to
comply with the terms and conditions of this ordinance or the provisions of the City of Salina Tax
Exemption Policy.
Section 14.
Summary of ordinance for publication. This ordinance shall be published by the
following summary:
Ordinance No. 14-10758Summary
On December 1, 2014, the City of Salina, Kansas, passed Ordinance No. 14-10758.
The ordinance grants a property tax exemption to Salina Vortex Corp. on a recently
completed building expansion at 1725Vortex Avenue on Salina Vortex’s Salina
campus. A complete copy of the ordinance is available atwww.salina-ks.govor in
the office of the city clerk, 300 W. Ash Street, free of charge. This summary is
certified by the city attorney.
Section 14.
Effective Date. This ordinance shall be in full force and effect from and after its
adoption and publication by summary once in the official city newspaper.
Introduced:November 24, 2014
Passed: December 1, 2014
(SEAL)Aaron K. Householter, Mayor
ATTEST:
Shandi Wicks,CMC, City Clerk
Certification of Public Summary:
_________________________
Greg A. Bengtson, City Attorney