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99-9965 Ad Valorem(Published in The Salina Journal January7, 2000) ORDINANCE NUMBER 99-9965 AN ORDINANCE EXEMPTING CERTAIN PROPERTY OWNED BY SALINA VORTEX CORPORATION, LOCATED AT 3024 ARNOLD AVENUE, SALINA, KANSAS, FROM AD VALOREM TAXATION AND PROVIDING FOR CERTAIN IN LIEU OF TAX PAYMENTS; AND REPEALING RESOLUTION NUMBER 97-5168 AND ORDINANCE NUMBER 99-9910. BE IT ORDAINED by the Governing body of the City of Salina, Kansas: Section 1. That Salina Vortex Corporation is granted exemption from ad valorem taxes for property to be located at or about 3024 Arnold 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. That the tax exemption shall only apply to buildings and improvements constructed and equipment and machinery purchased between June 16, 1997 and December 16, 1998 for facilities located on the following described property: A tract of land located in the North One-half (NY2) of Section Three (3), Township Fifteen South (T15S), Range Three West (R3W) of the Sixth Principal Meridian, Saline County, Kansas and being more particularly described as follows: Commencing at the North Quarter (N'/4) Corner of Section Three (3), Township Fifteen South (T15S), Range Three West (R3W); thence on an assumed bearing of South eighty-nine degrees three minutes forty-nine seconds East (S.89°03'49"E.) along the north line of the Northeast Quarter (NE%4) of said Section Three (3), a distance of One Hundred Eighty-nine and Seventy-nine Hundredths (189.79) feet to a point on the west line of Arnold Avenue; thence South zero degrees four minutes sixteen seconds East (S.00°04'16"E.) along said west line, a distance of One Hundred Eighty-three and Seventeen Hundredths (183.17) feet to the true POINT OF BEGINNING; thence continuing South zero degrees four minutes sixteen seconds East (S.00°04'16"E.) along said west line, a distance of Five Hundred Thirty- three and Fifty-two Hundredths (533.52) feet; thence South eighty-nine degrees fifty-five minutes forty-four seconds West (S.89°55'44"W.), a distance of Two Hundred Sixty-five and Zero Hundredths (265.00) feet; thence North zero degrees four minutes sixteen seconds West (N.00°04'16"W.), a distance of Five Hundred Thirty-four and Thirty- three Hundredths (534.33) feet; thence South eighty-nine degrees fifty-three minutes forty-seven seconds East (S.89°53'49"E.), a distance of Two Hundred Sixty-five and Zero Hundredths (265.00) feet to the POINT OF BEGINNING. Said tract of land containing One Hundred Forty-one Thousand Four Hundred Ninety (141,490) square feet or Three and Two Thousand Four Hundred Eighty-two Ten Thousandths (3.2482) acres, more or less. Section 3. That on June 16, 1997, 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 gate valves and diverter valves for handling dry material. 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. G1�1111d&d S1111 Section 7. That the tax exemption granted shall be eighty-one and four tenths percent (81.4%) 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 1999, with the total exemption due (eighty-one and four tenths percent) (81.4%) granted for years one (1) through five (5) and one-half (1/2) of the total exemption due (forty and seven tenths percent) (40.7%) 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 said 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 said tax exemption. Section 10. 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 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 this tax 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. Resolution Number 97-5168 and Ordinance Number 99-9910 are hereby repealed. Section 14. 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: R. Weber, Acting City Clerk Introduced: December 20, 1999 Passed: January 3, 2000 Alan Jilka, Vice Mayor