93-4561 Ad ValoremKinn -Cox Priming — Sabina. Kansas
RESOLUTION NUMBER 93-4561
A RESOLUTION EXEMPTING CERTAIN PROPERTY OWNED BY SALINA
VORTEX CORPORATION, LOCATED AT 3024 ARNOLD AVENUE, SALINA,
KANSAS, FROM AD VALOREM TAXATION AND PROVIDING FOR CERTAIN
TERMS AND CONDITIONS.
WHEREAS, the Board of Commissioners, by Resolution Number 91-4265
has adopted a policy for the granting of exemptions from ad valorem taxation
for economic development purposes; and
WHEREAS, Salina Vortex Corporation, formally applied for tax
exemption under said policy by application dated January 23, 1993; and
WHEREAS, the Board of Commissioners has reviewed said application
and an analysis of estimated costs and benefits of said tax exemption; and
WHEREAS, the Board of Commissioners has advertised and held a
public hearing this day to consider said tax exemption application, SO NOW,
THEREFORE
BE IT RESOLVED by the Governing Body of the City of Salina,
Kansas
Section 1. That Salina Vortex Corporation be granted exemption
from ad valorem taxes for property to be located at or about 3024 Arnold
Avenue, Salina, Kansas, under terms of the City of Salina tax exemption policy
and the conditions set out herein.
Section 2. That tax exemption shall apply to buildings and
improvements constructed and equipment and machinery purchased between
February 22, 1993 and August 22, 1994 for facilities located on the following
described property:
A tract of land located in the North half of Section Three
(3), Township Fifteen (15) South, Range Three (3) West of
the Sixth Principal Meridian in the Schilling Subdivision
of the City of Salina, Saline County, Kansas; more
particularly described as follows:
Commencing at the Northwest corner of the Northeast
Quarter (NE/4) of said Section Three (3) , Township Fifteen
(15) South, Range Three (3) West;
Thence East along the North line of said Section Three (3)
on an assumed bearing of South eighty-nine degrees
fifty-three minutes twenty-four seconds East
(S.89 -53'24"E.) a distance of two hundred twenty-nine and
ten hundredths feet (229.10') to the centerline of Arnold
Avenue;
Thence South zero degrees six minutes twenty-four seconds
East (S.00 -06'24"E.) a distance of one hundred eighty-three
and nineteen hundredths feet (183.19') ;
Thence South eighty-nine degrees fifty-three minutes
thirty-six seconds West (5.89'53'36"W.) a distance of forty
feet (40.00') to the TRUE POINT OF BEGINNING;
Thence South zero degrees six minutes twenty-four seconds
East (5.00'06'24"E.) a distance of two hundred fifty feet
(250. 00') ;
Kunn-Cox Printing —Salina_ Kansas
Thence South eighty-nine degrees fifty-three minutes
thirty-six seconds West (5.89°53'36"W.) a distance of two
hundred thirty-five feet (235.00');
Thence North zero degrees six minutes twenty-four seconds
West (N.00'06'24"W.) a distance of two hundred fifty feet
(250. 00') ;
Thence North eighty-nine degrees fifty-three minutes
thirty-six seconds East (N.89'53'36"E.) a distance of two
hundred thirty-five feet (235.00') to the TRUE POINT OF
BEGINNING.
The above described tract contains 1.349 acres, more or
less.
Section 3. That no exemption shall hereby be granted for taxes
due on the above described land nor any existing buildings and improvements
or machinery and equipment located thereon.
Section 4.
That the percentage
of
tax exemption
shall
be based
upon actual capital
investment expenditures
for
new buildings
and
equipment
and the number of new full-time employees added above the base employment of
20 prior to project completion. Said percentage tax exemption shall be
established by subsequent ordinance of the Board of Commissioners.
Section 5. That 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 6. That 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.
Section 7. 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 as the exemption remains in effect.
Section 8. That the applicant shall be responsible for filing the
appropriate tax exemption claim forms as required by the statutes of the State
of Kansas.
Section 9. The Board of 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.
Ku1n-CoI PI1l1111q —5.111,_ --
Adopted by the Board of Commissioners and signed by the Mayor this
22nd day of February, 1993.
Carol E. Beggs, Mayor
[SEAL]
Jacqulline Shiever, CMC
City Clerk