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06-6316 EDX Bergkamp IncRESOLUTION NUMBER 06-6316 A RESOLUTION EXEMPTING CERTAIN PROPERLTY OWNED BY BERGKAMP, INC. LOCATED AT 500 E. SCHILLING ROAD, SALINA, KANSAS, FROM AD VALOREM TAXATION AND PROVIDING CERTAIN TERMS AND CONDITIONS. WHEREAS, the Board of City 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, Bergkamp, Inc., formally applied for tax exemption under said policy by an application dated September 15, 2006; and WHEREAS, the Board of City Commissioners has reviewed said application and an analysis of estimated costs and benefits of said tax exemption; and WHEREAS, the Board of City 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 Bergkmap, Inc. be granted exemption from ad valorem taxes for property to be located at or about 500 E. Schilling Road, 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 October 16, 2006 and April 26, 2008 for facilities located on the following described property: Lot One (1), Block One (1), less the North Two Hundred Fifty Feet (250'), of the Bergkamp Subdivision in the City of Salina, Saline County, Kansas. Section 3. That no exemption shall hereby be granted for taxes due on the above described land nor any existing buildings and improvements located thereon. Section 4. That the percentage of tax exemption shall be based upon actual capital investment expenditures for building improvements and the number of new full-time employees added above the base employment of 47 prior to project completion. Said percentage tax exemption shall be established by subsequent ordinance of the Board of City 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 City 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. Adopted by the Board of City Commissioners and signed by the Mayor this 16th day of October, 2006. {SEAL} ATTEST: Lieu Arm Elsey, CMC, Cit1r, &' L. ' Alan E. Ilka, Vi Mayor