07-10371 EDX Salina Vortex(Published in the Salina Journal on February 6�_, 2007) .
ORDINANCE NUMBER 07-10371
AN ORDINANCE EXEMPTING CERTAIN PROPERTY OWNED BY SALINA
VORTEX CORPORATION LOCATED AT 1725 VORTEX AVENUE, SALINA, KANSAS,
FROM AD VALOREM TAXATION AND PROVIDING FOR CERTAIN PAYMENTS IN LIEU
OF TAX PAYMENTS.
BE IT ORDAINED by the governing body of the City of Salina, Kansas:
Section 1. That Salina Vortex Corporation is hereby granted exemption from ad valorem
taxes for property to be located at 1725 Vortex 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 Exemption shall only apply to buildings and improvements constructed
and equipment and machinery purchased between February 1, 2005 and December 20, 2006 for
facilities located on the following described property:
Lot I and Lot 2, less the West 40 feet in Block 3 of the Airport Industrial Center
Subdivision in the City of Salina, Saline County, Kansas.
Section 3. That on January 22, 2007, 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 slide gates and valves for handling dry bulk 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.
Section 7. That application of the City of Salina Tax Exemption Policy results in a tax
exemption of One Hundred percent (100%) 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 2007, with an exemption of One Hundred percent (100%) granted for years one (1) through five
(5) and one-half (1/2) of the total exemption, or Fifty percent (50%), 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 the
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 the
Exemption.
Section 10. That the applicant shall be responsible for filing the appropriate tax exemption
claim forms as required by law.
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 the 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. That this ordinance shall be in full force and effect from and after its adoption and
publication once in the official city newspaper.
Introduced: February 5, 2007
Passed: February 12, 2007
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(SEAL) Donnie D. Marrs, Mayor
ATTEST: c
Lieu An"vity
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