15-10769 Veris Technology Property Tax ExemptionC]
Summary published in the Salina Journal on Apri 1
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ORDINANCE NUMBER 15-10769
2015.
i (� . 2015.
AN ORDINANCE EXEMPTING CERTAIN PROPERTY OWNED BY VERIS
TECHNOLOGIES, INC. LOCATED AT 1925 CLAY RIDGE COURT, SALINA, KANSAS,
FROM AD VALOREM TAXATION.
BE IT ORDAINED by the Governing Body of the City of Salina, Kansas:
Section 1. Veris Technologies, Inc. is hereby granted exemption from ad valorem taxes for
property located at 1925 Clay Ridge Court, Salina, Kansas, under the terms of the City of SalinaI,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. I'
Section 2. The Exemption shall only apply to newly constructed buildings and improv
constructed between November 18, 2013 and April 13, 2015 for facilities located on the fol
described property:
Lot Two (2), Block One (1) in Airport Industrial Center Subdivision No. 2 in
the City of Salina, Saline County, Kansas.
Section 3. On November 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. 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.
Section 5. 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 6. 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 7. The application of the City of Salina Tax Exemption Policy results in qualification for
a tax exemption of forty and one half percent (40.5%) of the taxes due on the qualified property:, for
years one (1) through five (5) and twenty and twenty five hundredths percent (20.25%) of the taxes:due
on the qualified property for years six (6) through ten (10).
Section 8. The Exemption shall be for a term of ten (10) years commencing in 2015, with an
exemption of forty and one half percent (40.5%) granted for years one (1) through five (5) and oneihalf
(1/2) of the total exemption, or twenty and twenty five one hundredths percent (20.25%), granted for
years six (6) through ten (10).
Section 9. The amount 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.
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Section 10. The applicant shall be responsible for filing the appropriate tax exemption claim
forms as required by law.
Section 11. 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 12. The Governing Body shall 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 13. Summary of ordinance for publication. This ordinance shall be published by the
followiniz summary:
Ordinance No. 15-10769 Summary
On April 27, 2015, the City of Salina, Kansas, passed Ordinance No. 15-10769. The
ordinance grants a partial property tax exemption to Veris Technologies, Inc. on a
recently completed manufacturing facility at 1925 Clay Ridge Court in Salina. A
complete copy of the ordinance is available at www.salina-ks.gov or in the office of
the city clerk, 300 W. Ash Street, free of charge. This summary is certified by. the
city attorney.
Section 15. 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.
(SEAL)
ATTEST:
Shandi Wicks, CMC, City Clerk
Certif io f Pub ' ation Summary:
G ed A. Bengtso Cit ttorney
Introduced: April 13, 2015
2015
Aaron K. Householter, Mayor