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10535-17 Amending Chapter 2, Article 6 of the South Bend Municipal Code pertaining to tax abatements
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10535-17 Amending Chapter 2, Article 6 of the South Bend Municipal Code pertaining to tax abatements
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10/11/2017 2:27:37 PM
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City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
10/9/2017
Ord-Res Number
10535-17
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a <br /> c. The tax abatement recipient's obligation to respond to periodic surveys regarding <br /> compliance with the conditions of abatement; <br /> d. The tax abatement recipient's obligation to allow representatives to the Community <br /> Investment Department to have access to the project premises and to perform inspections <br /> and audits as necessary to verify compliance with the conditions of abatement; <br /> e. The tax abatement recipient's obligation to pay each of its employees (full-time, part- <br /> time, seasonal, and temporary), at all times during the term of the tax abatement as <br /> defined in the tax abatement's confirming resolution, a minimum wage, inclusive of tips <br /> received by tipped employees, defined as follows: <br /> — in the first year of the abatement, the tax recipient's lowest paid employee is <br /> compensated at least as high as the minimum wage paid to an employee of the City of <br /> South Bend as of the time of the tax abatement's confirming resolution, and <br /> —in the second and subsequent years of the abatement, the effective minimum wage <br /> for the tax abatement recipient increases by by two percent over the previous year; and <br /> f. The events which: <br /> 1. Shall entitled the Council to terminate the abatement in whole or in part; and <br /> 2. Shall cause the tax abatement recipient to be obligated to repay all or a portion o <br /> the property tax savings received. <br /> SECTION II. This Ordinance shall have no effect on the terms of any tax abatement for <br /> which the Council has adopted or will adopt a confirming resolution prior to January 1, 2018. <br /> SECTION III. This Ordinance shall take effect on January 1, 2018, conditioned upon <br /> passage by this Common Council, approval by the Mayor, and any publication required by law. <br /> PASSED AND ADOPTED by the Common Council of the City of South Bend, Indiana this <br /> q� day of , 20 . <br /> Member, moron Council of the City of South Bend <br /> ATTE T <br /> aree Fo er, Ci ler <br /> Presented by me, the undersigned Clerk of the City of South Bend, to the Mayor of the City for <br /> his approval on the 10441 day of 661 - 6tn , 2017, at IQ o'clock VGL.m. <br />
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