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ORDINANCE NO. <br />AN ORDINANCE OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, <br />INDIANA, AMENDING VARIOUS SECTIONS OF CHAPTER 2, ARTICLE 6 OF THE <br />SOUTH BEND MUNICIPAL CODE PERTAINING TO TAX ABATEMENTS <br />STATEMENT OF PURPOSE AND INTENT <br />On August 15, 2003 this Council effectuated Ordinance 1#9394 -03 to improve the tax <br />abatement procedure for the City of South Bend, and to articulate its purpose and philosophy. It <br />is now time again to assure that tax abatement promotes mutual benefit to both the City and the <br />abatement recipient. Through this ordinance, tax abatement recipients will provide South Bend <br />with jobs that pay wages and benefits adequate for workers to be self sufficient. Recipients will <br />be encouraged to construct energy efficient buildings and include persons recruited from <br />historically underprivileged groups. This ordinance is intended to achieve the objective of <br />granting tax abatements which assure South Bend of an economically and socially beneficial <br />return, in the best interest of the City and its citizens. <br />NOW, THEREFORE, BE IT ORDAINED BY THE COMMON COUNCIL OF THE <br />CITY OF SOUTH BEND, INDIANA, as follows: <br />Section I. Chapter 2, Article 6, Sections 2 -76.1, 2 -76.3, 2.76.4, 2 -77.1, 2.84.2, 2 -84.7, <br />2.84.9, 2.84.10, 2- 84.12, 2 -84.13 and 2 -84.14 are hereby amended to read as follows: <br />Sec. 2 -76.1. Definitions, interpretation and area maps. <br />(a) For purposes of this article, unless the context otherwise requires, a term that begins <br />with an upper case letter has the meaning assigned in the sentence in which it appears within <br />quotation marks; and the following words and phrases have the meanings set forth below. <br />(1) Airport Economic Development Area and AEDA mean the area located <br />within the City's corporate boundaries designated by the South Bend <br />Redevelopment Commission and the Common Council, as amended from time to <br />time, and filed with the City Clerk's Office with notice to the President of the <br />South Bend Common Council and the Chair of the South Bend Common <br />Council's Community and Economic Development Committee. <br />(2) Available.for use means publicly advertised at rates not to exceed Section 8 <br />Rental Guidelines for the unit size. <br />(3) Central Business District and CBD mean the area located within the City's <br />corporate boundaries designated by the South Bend Redevelopment Commission <br />and the Common Council, as amended from time to time, and filed with the City <br />1 <br />