RESOLUTION NO. 6948
A RESOLUTION EXEMPTING FROM AD VALOREM TAXATION SIXTY-FIVE PERCENT (65%) OF THE APPRAISED VALUE OF THE LAND AND BUILDING LOCATED AT 3840 GREENWAY CIRCLE IN LAWRENCE, KANSAS USED BY 3840 GREENWAY CIRCLE, LLC AND SCREEN-IT GRAPHICS OF LAWRENCE, INC. d/b/a/ GRANDSTAND SPORTSWEAR AND GLASSWARE FOR THE MANUFACTURING OF ARTICLES OF COMMERCE, AS PROVIDED BY ARTICLE 11, SECTION 13 OF THE CONSTITUTION OF THE STATE OF KANSAS
WHEREAS, on September 2, 2011, 3840 Greenway Circle, LLC/Screen-It Graphics of Lawrence, Inc., d/b/a/ Grandstand Sportswear and Glassware (“Grandstand”) submitted an application for the exemption from ad valorem taxation of sixty five percent (65%) of the appraised value of its land and building used in the manufacturing of articles of commerce in the City of Lawrence, Douglas County, Kansas;
WHEREAS, the Governing Body of the City of Lawrence, Kansas, did, on May 18, 2010, adopt an updated policy setting forth the official policies and procedures for the granting of exemptions pursuant to Article 11, Section 13 of the Constitution of the State of Kansas, as required by K.S.A. 79-251;
WHEREAS, pursuant to the City’s Economic Development Policy, the Public Incentives Review Committee, having met on September 13, 2011, to review and consider the application for Grandstand, for exemption from payment of said ad valorem taxes, did, on September 13, 2011, upon motion made, seconded and approved, agreed to recommend to the Governing Body of the City of Lawrence, Kansas, that a sixty five percent (65%) tax abatement for a ten (10) year period be granted to Grandstand on its land and building, as permitted by Article 11, Section 13 of the Constitution of the State of Kansas;
WHEREAS, on September 20, 2011, the Governing Body of the City of Lawrence, Kansas, conducted a public hearing on the granting of the exemption requested by Grandstand, prior to which the notices by both publication and in writing, required by K.S.A. 79-251 (b) were made and given in strict conformity with such requirements;
WHEREAS, pursuant to information presented by Grandstand, the Governing Body of the City of Lawrence, Kansas, finds the subject property will be used exclusively for the purpose specified by Section 13 of Article 11 of the Kansas Constitution;
WHEREAS, at said public hearing, the Governing Body of the City of Lawrence, Kansas, approved the request by Grandstand for the exemption from ad valorem taxation to-wit a sixty five percent (65%) tax abatement for ten (10 years);
WHEREAS, the Governing Body made the factual determination that the exemption was required to retain jobs in the State of Kansas, as required by K.S.A 79-251;
NOW THEREFORE, BE IT RESOLVED BY THE GOVERNING BODY OF THE CITY OF LAWRENCE, KANSAS:
SECTION I. The above recitals are incorporated herein by reference and made a part hereof as if fully stated and repeated herein.
SECTION II. Sixty five percent (65%) of the appraised valuation for the land and building located at 3840 Greenway Circle in Lawrence, Kansas, a property owned by 3840 Greenway Circle, LLC and used by Screen-It Graphics of Lawrence, Inc., d/b/a Grandstand Sportswear and Glassware in the manufacturing of articles of commerce, is hereby exempted from ad valorem taxation for a ten (10) year period.
SECTION III. The exemption from ad valorem taxation hereby granted shall begin with the taxes levied in the calendar year 2012.
SECTION IV. Each year during the exemption period, the Douglas County, Kansas Appraiser shall exempt sixty five percent (65%) of the appraised valuation of the land and building located at 3840 Greenway Circle, Lawrence, Kansas, and place the balance of the appraised valuation on the tax rolls;
SECTION V. Grandstand shall be responsible for the preparation, initiation, timely filing, pursuing and follow-up of all applications and related paper work required by any state or local body or agency having authority of or over the allowance of approval of such exemption.
SECTION VI. The Mayor and City Clerk of the City of Lawrence, Kansas are hereby authorized to execute and submit the proper documents to effectuate the exemption hereby granted.
SECTION VII. The exemption from ad valorem taxation hereby granted is subject to limitation of sixty five percent (65%) tax abatement on the land and building value as determined annually by the Douglas County, Kansas Appraiser.
SECTION VIII. If Grandstand fails to pay the ad valorem taxes which are assessed against the subject property, a penalty and/or interest will be assessed against Grandstand by the Douglas County Treasurer in accordance with applicable State laws relating to late tax payments. If Grandstand fails to timely pay any such ad valorem taxes and such failure shall continue for one (1) year, the exemption from ad valorem taxation hereby granted shall be terminated December 31, in the year such payment was due.
SECTION IX. The exemption granted herein shall be subject to a Performance Agreement between the City of Lawrence, Kansas and 3840 Greenway Circle, LLC/Screen-It Graphics of Lawrence, Inc., d/b/a Grandstand Sportswear and Glassware, setting forth additional conditions that may affect the exemption status.
SECTION X. The resolution shall be in force and effect from and after its adoption and publication as provided by law.
Adopted the 11th day of October, 2011, by the Governing Body of the City of Lawrence, Kansas.
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Aron E. Cromwell, Mayor
ATTEST:
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Jonathan Douglass, City Clerk
Approved as to form:
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Toni Wheeler, Director of the Legal Department