Resolution 20-2021 - Approving a Waiver of Noncompliance for a Personal Property Abatement for Innovative Performance Tehnologies

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MOORESVILLE TOWN COUNCIL OF MORGAN COUNTY, INDIANA RESOLUTION NO. 20-2021 RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF MOORESVILLE, INDIANA, APPROVING A WAIVER OF NONCOMPLIANCE FOR A PERSONAL PROPERTY ABATEMENT FOR INNOVATIVE PERFORMANCE TECHNOLOGIES WHEREAS, pursuant to Indiana Code § 6-1.1-12.1-1, et. seq. (the "Act"), the Town of Mooresville, Indiana (the "Town"), by and through its Council acting in its capacity as the fiscal body of the Town and acting as the designating body identified in the Act (the "Council"), has the right and opportunity to abate the payment of personal property taxes for real estate located within an area declared by the Council to be an Economic Revitalization Area; and WHEREAS, pursuant to the Act, the Council may find that a particular area within the jurisdiction of the Town is an Economic Revitalization Area and may by the adoption of a resolution declare such area to be an Economic Revitalization Area, which resolution must subsequently be confirmed, modified, or rescinded by the Council; and WHEREAS, on August 18, 2020, Innovative Performance Technologies ("Innovative") filed a Statement of Benefits Personal Property form ("SB-1/PP") with the Clerk -Treasurer for the Council's review and consideration, wherein it requested a three (3) year personal property abatement; and WHEREAS, on June 2, 2020, the Council adopted Declaratory Resolution 6-2020 and declared the area identified in Exhibit A as an Economic Revitalization Area, and then on June 16, 2020, the Council adopted, after a public hearing, Confirmatory Resolution 7-2020 approving the three (3) year personal property abatement; and WHEREAS, pursuant to Indiana Code § 6-1.1-12.1-5.6 and the Indiana Department of Local Government Finance, Innovative is required, for the duration of the abatement, to annually file a Compliance with Statement of Benefits Personal Property Form (CF-1/PP) between January 1 and May 15 with the Council to show the extent to which Innovative has complied with the SB-1/PP form; and WHEREAS, Innovative did not file its CF-1/PP form, Exhibit B, with the Council until May 26, 2021; and which is attached hereto as