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Economic Development Incentives and Legislative Update
Leslie WagnerDirector of Project Management
GINOVUS
Topics for Discussion
• Economic Development Incentive Tools
• Legislative Updates
• Regional Cities Initiative
Indiana Financial Incentive ToolsLocal and State Level
Q: Why are incentives offered?
A: To help strengthen the economy and increase opportunities for employment
Q: What companies are eligible to receive incentives
A: Growing companies within various industry sectorsManufacturers Information Technology
Logistics/Distribution Life Sciences
Financial Services
A Growing Company Is One That Is….
• Increasing net new employment
• Making capital investment in either real and/or personal property
• Staying/growing current location
• Relocating to a new location
• Consolidating multiple locations
Economic Development For a Growing Economy(EDGE)
• Refundable corporate income tax credit
• % award of expected increase in tax withholdings
• Phased in annually for up to 10 years
• In the event tax credit exceeds corporate tax liability, the difference is refunded in cash
Hoosier Business Investment Tax Credit (HBI)
• Non-refundable credit based upon a negotiated percentage investment in eligible expenses - such as building construction, improvements and machinery and equipment
• May be passed through or carried forward to the subsequent taxable year
Skills Enhancement Fund (SEF)
• Workforce is a critical issue for employers. Training funding available to support incumbent and new workers extremely helpful to companies.
• Cash reimbursement of eligible training expenses, up to 50%.
• Training is all inclusive – everything from soft skills, to fork lift driving, to skilled technology. Basically what is important to the company is important to the state.
Community Revitalization Enhancement District (CRED)
• Credit for up to 25% of a qualified investment for rehabilitation or redevelopment of property located within a revitalization district
• Allows gov’t to capture sales and income tax, that can then be utilized to offset needed site, infrastructure, remediation, operating expenses
• Applied against state and local tax liability
• May be passed through or carried forward to the subsequent taxable year
Industrial Recovery Tax Credit
• Incentive for companies investing in former industrial facilities that require rehabilitation
• Credit for a percentage of the qualified investment depending on when the plant was first placed in service
– 15% - 15 to 29 years
– 20% - 30 to 39 years
– 25% - 40+ years
Economic Development Legislative Updates
• SB 232 – Authorizes a county, consolidated city or second class city to establish a land bank to manage and improve marketability of distressed real property
• SB 378 – variations to IEDC authorities – primarily relating to taxpayer non-compliance with incentive agreements. Put into the hands of DOR to assess non compliance penalties – rapid response to Carrier Corporation move who received $1.6M in incentives, then decided to move to Mexico
Regional Cities Legislative Update
• Quality of place improvements in 7 Indiana regions
– Strategic plans were submitted to IEDC
– 420 quality of place projects totaling $8.4 billion
• Designed to attract talent to Indiana
• Funded through tax amnesty program
• Only the top two plans were to be funded
• IEDC surprised the General Assembly byapproving 3 plans
Regional Cities Authorization
Regional Cities Authorization
– North Central – (South Bend) “Innovate Indiana Plan”• 40 projects including renovation to South Bend’s former
Studebacker buildings and improvements to Ignition Park
– Northeast – (Fort Wayne) “Road to One Million Plan”• 41 projects including a regional trails network and riverfront
development in downtown Fort Wayne
– Southwest (Evansville) “Indiana’s Great Southwest Plan” • 19 projects including medical research center in
Downtown Evansville and updates to the Evansville Regional Airport
Recent Project Case Study
Growing IT company staying in existing location
Current employment: 167
New jobs created by 2018: 69
Average wage: $45.63/hr
Investment: $1.3M (lease costs)
Incentives negotiated = $1,225,000
Average incentive per new job = $17,753
Recent Project Case Study
New to Indiana logistics/distribution facility
Current employment: 0
New jobs to be created by 2019: 185
Average wage level: $17.32 /hr
Investment: $22M (real & personal)
Incentives negotiated = $5.2M
Average incentive per new job = $28,108
Delivery, Legislation and Indy Re-Zone Updates
Tim Jensen, PE, LEED APOwner/Founder
Veridus Group, Inc.
OR / CPM ENGINEERING REAL ESTATE SERVICES
• Owner’s Representation
• Capital Program Management
• Construction Process Management
• Site Planning/Engineering
• Development Services
• Drainage and Utility Design
• Erosion Control Design
• Brokerage
• Consulting
• Property Management
Develop Design Deliver
What are we going to cover?
• Project Delivery Methods
• Recent Legislation Affecting Project Delivery
• Local Ordinance Changes – Indy Re-Zone
Why do you care?
Project Delivery Methods
• What is Project Delivery?
• Design – Bid – Build (DBB)
• Design / Build (DB)
• Construction Manager at Risk (CMaR)
• Construction Manager Agency (CMA)
• Construction Manager as Constructor (CMaC)
• Integrated Project Delivery (IPD)
Indy Re-Zone
• Took effect April 1, 2016
• More sustainable, more livable
• Update and modernize the code
• Make the code easier to read and understand
Information taken from the “Intro to Indy Rezone” as presented by the Indianapolis
Neighborhood Resource Center
Indy Re-Zone
• Zoning code is organized into 5 chapters
• 740 – General Provisions
• 741 – Subdivision Regulations
• 742 – Districts
• 743 – Uses and Use-Specific Standards
• 744 – Development Standards
Sec. 740-201.A.1.b.i
Chapter 740 – General Provisions
• Provisions apply throughout the other 4 chapters
• Definitions, Language, Measurements and Calcs,
Performance Standards
• Article V – Compact and Metro Context Area
• Map is adopted as part of the ordinance
• Will be layer on GIS
• May affect development standards
Chapter 740 – General Provisions
• Article VIII – Improvement Location Permits (ILP)
• Mostly carried over with some changes per DCE
• Added new sections to require:
• Elevations, Landscape and Lighting Plans
• Other changes for mining and wellfield areas
• Article IX – Floodplain Development Permits
Chapter 741 – Subdivision Regulations
• Major changes to improve the quality of new
development. Key changes include:
• Now applies to commercial and industrial
• Greater emphasis on connectivity
• Emphasis on open space requirements
• Require LID in Metro Context Area
• Added stream corridor protection
• Platting – more later
Chapter 742 – Districts
• Article I – Primary Districts
• Identifies each district
• Purpose statement
• Tables with some standards
• Illustrations
• Additional standards that are unique to that district
Chapter 742 – Districts
• Article I – Key Changes
• Dwelling – D-12 eliminated, renamed as D-5
• Industrial – No longer U or S categories
• Commercial –
• C-6 eliminated, renamed C-4
• C-ID eliminated, renamed C-7
• C-2, C-3C districts renamed MU-1 and MU-2
• Mixed Use – New Classification
Chapter 742 – Districts
• Article II – Secondary Districts
• Regional Center – no changes
• Flood Control – Important changes
• Wellfield – Important changes
• Airspace – No changes
• Gravel, Sand, Borrow (GSB) – Important Changes
Chapter 743 – Use and Use-Specific Standards
• Article II – Use Table
• Changed what uses are permitted in some districts
• Consolidated uses (570 to ~150)
• Separate listing of Temporary and Accessory Uses
• Vacant Provision
• All new concept
• Added to encourage adaptive re-use
• Only for existing buildings
• Limited to commercial and industrial districts
Chapter 743 – Use and Use-Specific Standards
• Article III – Use-Specific Standards
• Provides regulatory detail
• Always check for a given use
• See table for spacing
• Separate listing for temporary and accessory uses
Chapter 744 – Development Standards
• Article II – Lot and Building Dimensions
• Summarized into Tables 744-201 (1-6)
• New Construction for Non-conformities
• Special Dimension Standards
• Height Exceptions and Encroachments
Chapter 744 – Development Standards
• Article III – Access and Connectivity
• Includes new standards for accessible paths
• Sidewalk provisions
• Private Streets and interior access drives
Chapter 744 – Development Standards
• Article IV – Parking, Loading and Drive-Through
• Changes in off-street parking requirements
• Article V – Landscaping and Screening
• Important changes – “Green Factor”
• Article VI – Street and Exterior Lighting
• New Requirements
• Article VII – Design Standards
• Reserved for future regulations
www.indy.gov/eGov/City/DMD/Current/Pages/ordinance.aspx
Find the complete ordinance and attachments at:
Indy Re-Zone
ALTA SURVEY STANDARDS AND INDYREZONE PLATTING CHANGES
Bryan Moll, PS
Vice President
American Structurepoint, Inc.
Topics of Discussion
• IndyRezone Platting requirements
• ALTA Survey Standards 2016
• Types of Surveys and their intended uses
IndyRezone Platting Changes
• General Subdivision Provisions
– Title and jurisdiction
– Purpose
– Authority
– Committee Action
– Applicability
IndyRezone Platting Changes
• Subdivision Approval Procedures
– Classification of subdivisions
– Authority to file applications
– Documents submitted for primary approval
– Documents submitted for secondary approval
– Waiver of standards and specs
– Effective period of primary plat approval
– Secondary approval
• Subdivision Approval Procedures cont.
– Recording of plats
– Completion and maintenance of improvements
– Performance surety
– Completion and compliance
– Maintenance bond
– Minor Amendments to Secondary Plats
• Design and Installation Standards
– General
– Lots and blocks
– Streets and Connectivity
– Traffic Control Devices
– Numbering and naming
– Sidewalks
– Easements
• Design and Installation Standards cont.
– Utilities
– Stream protection corridors
– Common areas, open space and public sites
– Stormwater
– Monuments
– Flood control
– Water supply system
• Replats
• Administrative Review Procedures
• Vacations
• Required Covenants
• References
– http://www.indy.gov/egov/City/DMD/Current/Pages/ordinance.aspx
2016 ALTA/NSPS Standards
• 2016 Standards replacing the 2011 ALTA/ACSM Land Title Survey Standards
• Effective Date 2/23/2016
• Research to be provided to the surveyor
- Title commitment, adjoiners, easements and covenants
2016 ALTA/NSPS Standards
• Monuments
• Rights of Way Survey
– Must field locate each edge of adjacent traveling lane
– Only needed if roadway is not Limited Access R/W
Lines of Possession
Water Features
Presentation of Survey
2016 ALTA/NSPS Standards
• Table A Item Changes
– Item #6 – Zoning report provided to the surveyor
– Item #11 – No 11a & 11b any longer, only Item 11 (review with the surveyor prior to starting the project)
– Item #18 – Wetland delineated by qualified specialists
– Item #20 – 20a and 20b eliminated, only 20 now #19
2016 ALTA/NSPS Standards
• Table A Item changes cont.
– Item #19 – offsite easements to be provided to survey, no longer survey improvements
– Item #20 – Professional Liability Insurance
– Item #21 – Negotiated Items
Types of Surveys and Use
• ALTA/NSPS Land Title Surveys
– Commercial closings
– Refinance
– Building or Site expansion
Types of Surveys and Use cont.
• Boundary Surveys
– Lender free transaction
– Fence construction
– Map or Plat of improvements along the Boundary Lines
Types of Surveys and Use cont.
• ALTA/Topographic Surveys
– Commercial Transaction with new build or expansion
– All features onsite located with vertical and horizontal components (X, Y and Z)
– File to be used for closing
– File to be provided to an engineer for site design
– Underground utilities shown as well
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