13-7053 Exempt Property to be Owned by Veris TechnologiesRESOLUTION NUMBER 13-7053
A RESOLUTION OF INTENT TO EXEMPT CERTAIN PROPERTY TO BE OWNED BY
VERIS TECHNOLOGIES, INC., LOCATED AT 1945 VORTEX AVENUE, SALINA, KANSAS,
FROM AD VALOREM TAXATION AND PROVIDING CERTAIN TERMS AND
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CONDITIONS.
y WHEREAS, the Board of City Commissioners, by Resolution Number 91-4265, has adopted a policy
pursuant to Section 13 of Article 11 of the Kansas constitution and K.S.A. 79-251 for the granting of
' exemptions from ad valorem taxation for economic development purposes (the "Policy); and
U WHEREAS, Veris Technologies, Inc. (the "Applicant"), formally applied for tax exemption under the
policy by an application dated October 14, 2013 (the "Application"); and
WHEREAS, the Board of City Commissioners has reviewed the Application and an analysis of
estimated costs and benefits of the proposed tax exemption; and
WHEREAS, the Board of City Commissioners has advertised and held a public hearing this day to
consider the Application, SO NOW, THEREFORE
BE IT RESOLVED by the Governing Body of the City of Salina, Kansas:
Section 1. In accordance with K.S.A. 79-251(b), notice of the public hearing was published in the
official city newspaper at least once seven days prior to the hearing and that written notice of the public
hearing was provided to the Board of Saline County Commissioners by hand -delivery to the County
Clerk and to U.S.D. No. 306 by mail.
In accordance with K.S.A. 79-251(c) and the Policy (Section 4), and in reliance upon the
's representations contained in the Application, the Governing Body finds:
(A) 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;
(B) The Applicant is currently a local business and is not relocating from one city or county to
another within the state of Kansas;
(C) The taxing districts having authority to levy taxes on the property affected will receive, in
the future, not less than the amount received prior to granting the exemption; and
(D) The Applicant's proposed expansion project described in the Application will create
additional permanent jobs and increase private capital investment in new plant and/or
equipment, thus providing a clear and factual demonstration of direct economic benefit to
the community.
Section 3. Veris Technologies, Inc. is granted exemption from ad valorem taxes for property located at
1925 Vortex Avenue, in Salina, Kansas, under terms of the City of Salina tax exemption policy and the
conditions set out herein.
Section 4. The tax exemption shall apply to building additions and improvements constructed between
November 18, 2013 and May 18, 2015 for facilities located on the following described property:
Lot Two (2), Block One (1), Airport Industrial Center No. 2 in the City of Salina, Saline
County, Kansas.
' Section 5. No exemption shall hereby be granted for taxes due on the above described land nor any
existing buildings and improvements located thereon. In addition, the tax exemption shall not affect the
liability for any special assessments levied or to be levied against the above-described property.
Section 6. The percentage of tax exemption shall be based upon actual capital investment expenditures
for building improvements and the number of new full-time employees added above the base
employment of nine (9) employees prior to project completion. The percentage of tax exemption shall
be established by subsequent ordinance of the Board of City Commissioners.
Section 7. The tax exemption shall be for a term of ten (10) years with the total exemption due granted
for years one (1) through five (5) and one-half (1 /2) of the total exemption due granted for years six (6)
through ten (10).
Section 8. The amount of property taxes not exempted shall be paid annually to the County Treasurer.
The County Treasurer shall distribute said payments to affected taxing jurisdictions according to the
provisions of K.S.A. 12-148. Failure to fully make such payments when due shall be deemed grounds
for the revocation of said tax exemption.
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Section 9. The applicant shall submit an annual report as required by the City of Salina tax exemption
policy by January 15 of each year for as long as the exemption remains in effect.
' Section 10. The applicant shall be responsible for filing the appropriate tax exemption claim forms
with the Kansas Court of Tax Appeals (COTA) as required by the statutes of the State of Kansas.
Section 11. The Board of City Commissioners shall have the right to revoke this tax exemption for
failure to comply with the terms and conditions of this resolution or the provisions of the City of Salina
tax exemption policy_.
Adopted by the Board of City Commissioners and signed by the Mayor this 18th day of November,
2013.
Aaron Ho seholter, Vice -mayor
{SEAL}
ATTEST:
Lieu Ann Elsey, CMC ity Clerk