05-10259 EDX Turbine Specialtie1
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(Published in the Salina Journal on February Vq, 2005)
ORDINANCE NUMBER 05-10259
AN ORDINANCE EXEMPTING CERTAIN PROPERTY OWNED BY COOPER
CAMERON CORPORATION d/b/a TURBINE SPECIALTIES, LOCATED AT 1648 WEST
MAGNOLIA ROAD, SALINA, KANSAS, FROM AD VALOREM TAXATION AND
PROVIDING FOR CERTAIN IN LIEU OF TAX PAYMENTS.
BE IT ORDAINED by the governing body of the City of Salina, Kansas:
Section 1. That Cooper Cameron Corporation d/b/a Turbine Specialties, is granted
exemption from ad valorem taxes for property to be located at or about 1648 West Magnolia Road,
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. That the Exemption shall only apply to buildings and improvements
constructed and equipment and machinery purchased between January 26, 2004 and July 26, 2005
for facilities located on the following described property:
A tract of land lying in part of the Southeast Quarter (SE/4) of Section Twenty-
seven (27), Township Fourteen (14) South, Range Three (3) West of the Sixth
Principal Meridian, known as part of Block Twenty-four (24) Schilling Addition to
the City of Salina, Saline County, Kansas, and being more particularly described as
follows:
From the Southeast corner of said Southeast Quarter (SE/4), thence North zero
degrees fifty minutes fifteen seconds East (N.00°50'15"E.) along the East line of
said Southeast Quarter (SE/4) a distance of three hundred sixty-three and ninety-
three hundredths feet (363.93') to the point of beginning, said point of beginning
being a point on the North line of a drainage right-of-way;
Thence South fifty-one degrees fifty-seven minutes thirty-six seconds West
(5.51 °57'36"W.) along said North line a distance of four hundred sixty-one and one
hundredth feet (461.01') to the North right-of-way line of Magnolia road;
Thence North eighty-eight degrees twenty-nine minutes five seconds West
(N.88°29'05"W.) along said North right-of-way line a distance of three hundred
fifteen and seventeen hundredths feet (315.17');
Thence North forty-one degrees twenty-six minutes five seconds West
(N.41°26'05"W.) along said North right-of-way line a distance of one hundred fifty-
three and fifty-one hundredths feet (153.51) to the East right-of-way line of
Centennial Road;
Thence North zero degrees six minutes fifty-three seconds West (N.00°06'53"W.)
along said East right-of-way line a distance of five hundred thirty-eight and seventy-
one hundredths feet (538.71');
Thence South eighty-nine degrees forty-six minutes fifty-four seconds East
(5.89°46'54"E.) parallel with the South line of said Southeast Quarter (SE/4) a
distance of seven hundred eighty-six and thirty hundredths feet (786.30') to the East
line of said Southeast Quarter (SE/4);
Thence South zero degrees fifty minutes fifteen seconds West (5.00°50'15"W.)
along said East line a distance of three hundred seventy-five and ten hundredths feet
(375.10') to the point of beginning.
Section 3. That on January 26, 2004, 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 turbochargers and turbocharger parts.
Section 5. The governing body finds that the exemption herein granted for tangible
personal property is required to retain jobs in the State of Kansas.
Section 6. That 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. That application of the City of Salina Tax Exemption Policy results in a tax
exemption of Seventy-nine and Five tenths percent (79.5 %) of the taxes due on the qualified property.
Section 8. That the tax exemption shall be for a term of ten (10) years commencing with
tax year 2005, with an exemption of Seventy-nine and Five tenths percent (79.5 %) granted for years
one (1) through five (5) and one-half (1/2) of the total exemption, or Thirty-nine and Seventy-five
hundredths percent (15.75%), granted for years six (6) through ten (10).
Section 9. That 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.
Section 10. That the applicant shall be responsible for filing the appropriate tax
exemption claim forms as required by law.
Section 11. That 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 at the exemption remains in
effect.
Section 12. The Board of Commissioners 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. That this ordinance shall be in full force and effect from and after its
adoption and publication once in the official city newspaper.
(SEAL)
ATTEST:
4"XX_i1A
Lieu Ann Elsey, CMC, ty Clerk
1
Introduced: February 7, 2005
Passed: February 14, 2005
Monte Shadwick, Mayor