ORDINANCE NUMBER 15-10769
AN ORDINANCE EXEMPTING CERTAIN PROPERTY OWNED BY VERIS TECHNOLOGIES, INC. LOCATED AT 1925 CLAY RIDGE COURT, SALINA, KANSAS, FROM AD VALOREM TAXATION.
BE IT ORDAINED by the Governing Body of the City of Salina, Kansas:
Section 1. Veris Technologies, Inc. is hereby granted exemption from ad valorem taxes for property located at 1925 Clay Ridge Court, 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. The Exemption shall only apply to newly constructed buildings and improvements constructed between November 18, 2013 and April 13, 2015 for facilities located on the following described property:
Lot Two (2), Block One (1) in Airport Industrial Center Subdivision No. 2 in the City of Salina, Saline County, Kansas.
Section 3. On November 18, 2013, 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 equipment used for handling and conveying dry bulk materials.
Section 5. The Governing Body finds that the exemption herein granted for building improvements is required to create and retain jobs in the State of Kansas.
Section 6. 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. The application of the City of Salina Tax Exemption Policy results in qualification for a tax exemption of forty and one half percent (40.5%) of the taxes due on the qualified property for years one (1) through five (5) and twenty and twenty five hundredths percent (20.25%) of the taxes due on the qualified property for years six (6) through ten (10).
Section 8. The Exemption shall be for a term of ten (10) years commencing in 2015, with an exemption of forty and one half percent (40.5%) granted for years one (1) through five (5) and one-half (1/2) of the total exemption, or twenty and twenty five one hundredths percent (20.25%), granted for years six (6) through ten (10).
Section 9. 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. The applicant shall be responsible for filing the appropriate tax exemption claim forms as required by law.
Section 11. 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 12. The Governing Body 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. Summary of ordinance for publication. This ordinance shall be published by the following summary:
Ordinance No. 15-10769 Summary
On April 27, 2015, the City of Salina, Kansas, passed Ordinance No. 15-10769. The ordinance grants a partial property tax exemption to Veris Technologies, Inc. on a recently completed manufacturing facility at 1925 Clay Ridge Court in Salina. A complete copy of the ordinance is available at www.salina-ks.gov or in the office of the city clerk, 300 W. Ash Street, free of charge. This summary is certified by the city attorney.
Section 15. Effective Date. This ordinance shall be in full force and effect from and after its adoption and publication by summary once in the official city newspaper.
Introduced: April 13, 2015
Passed: April 20, 2015
(SEAL) Aaron K. Householter, Mayor
Shandi Wicks, CMC, City Clerk
Certification of Publication Summary:
Greg A. Bengtson, City Attorney