95-9673 Ad Valorem Exemption(Published in The Salina Journal February /8 , 1995)
ORDINANCE NUMBER 95-9673
AN ORDINANCE EXEMPTING CERTAIN PROPERTY OWNED BY REMA
BAKEWARE, LOCATED AT 625 EAST NORTH STREET, 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 the governing body hereby. ratifies its December
21, 1992 adoption of Resolution Number 92-4535 granting REMA Bakeware
exemption from ad valorem taxes for property to be located at or about 625
East North Street, Salina, Kansas, under terms of the City of Salina Tax
Exemption Policy and the conditions set out herein, 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
December 21, 1992 and June 21, 1994 for facilities located on the following
described property:
Lot Two (2) , Block Thirteen (13) , Northeast Industrial
Park in the City of Salina, Saline County, Kansas.
Section 3. The governing body finds and makes a factual
determination that the exemption herein granted for tangible personal property
is required to retain jobs in the State of Kansas.
Section 4. 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 5. That the tax exemption granted shall be one -hundred
percent (100%) of the taxes due on the qualified property.
Section 6. That the tax exemption shall be for a term of ten (10)
years commencing with tax year 1995, with the total exemption due
(one -hundred percent) (100%) granted for years one (1) through five (5) and
one-half (1/2) of the total exemption due (fifty percent) (50%) granted for
years six (6) through ten (10) .
Section 7. 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 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. 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 10. 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 11. 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:
ong, City C1 k
Introduced: February 6, 1995
Passed: February 13, 1995
. Warner "or
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