92-9495 Ad Valorem ExemptionKuhn Cox Printing —Salina, Kansas
(Published in The Salina Journal February Z8 , 1992)
ORDINANCE NUMBER 92-9495
AN ORDINANCE EXEMPTING CERTAIN PROPERTY OWNED BY PREMIER
PNEUMATICS, INC., LOCATED AT 606 NORTH FRONT 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
January 13, 1992 adoption of Resolution Number 92-4414 granting Premier
Pneumatics, Inc. exemption from ad valorem taxes for property to be located at
or about 606 North Front Street, Salina, Kansas,
under terms
of
the City
of
Salina Tax Exemption Policy and the conditions set
out herein,
all
pursuant
to
I 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
February 11, 1991 and January 13, 1992 for facilities located on the following
described property:
Lots One (1) , Two (2) and Three (3) , Block Twelve (12) ,
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 sixty-four and
eight tenths percent (64.87.) 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 1992, with the
total exemption due (sixty-four
and eight tenths
percent)
(64.87.) granted for
years one (1) through five (5)
and one-half (1/2) of the
total
exemption due
(thirty-two and four tenths
percent) (32.47.) granted for
years
six (6) through
ten (10).
KuhnCox Priming —Salina, Kansas
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
l of this ordinance or the provisions of the City of Salina Tax Exemption
Policy.
Adopted by the Board of Commissioners and signed by the Mayor this
124th day of February, 1992.
Introduced: February 24, 1992
Passed: February 24, 1992
Stephen C. Ryan, Mayor
(SEAL)
(ATTEST:
Jacqu$line Shiever, City Clerk