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9720-06 Amend various sections in Chapter 2, Article 6 - Tax Abatement
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9720-06 Amend various sections in Chapter 2, Article 6 - Tax Abatement
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Last modified
10/4/2010 3:56:15 PM
Creation date
11/9/2007 9:12:52 AM
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City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
11/27/2006
Ord-Res Number
9720-06
Bill Number
79-06
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Ordinance Regulating Tax Abatement Regulations <br />Page 2 <br />(A)(11) "East Bank Development Area" and "EBDA" mean the area located within the City 's <br />corporate boundaries designated by the South Bend Redevelopment Commission and the <br />Common Council, as amended from time to time, and filed with the City Clerk's Office with <br />notice to the President of the South Bend Common Council and the Chair of the South Bend <br />Common Council's Community And Economic Development Committee. <br />(A)(12) "Economic Development Target Area" and "EDTA" mean the area located within the <br />City's corporate boundaries designated by the Economic Development Commission as amended <br />from time to time, and filed with the City Clerk's Office with notice to the President of the South <br />Bend Common Council and the Chair of the South Bend Common Council's Community And <br />Economic Development Committee. A maximum of fifteen percent (15%) of the total <br />geographic territory of the City may be designated as Economic Development Tazget Areas. <br />Delete current boundary legal description contained in (A)(12)(a thru g). <br />(A)~21) "New Information Technolog~Equipment" has the meaning set forth in Indiana Code § <br />6-1.1-12.1-1 et seA. <br />~A)(22) "New Logistical Distribution Equipment" has the meaning set forth in Indiana Code § <br />6-1.1-12.1-1 et sea. <br />(A)(~1-}(23) "New Manufacturing Equipment" has the meaning set forth in Indiana Code § 6- <br />1.1-12.1-1 et sea. <br />(A)(24) "New Personal Property" includes New Manufacturing Equipment, New Research and <br />Development Equipment, New Logistical Distribution Equipment and New Information and <br />Technology Equipment, all having the meaning set forth in Indiana Code § 6-1.1-12.1-1 et sect <br />(A~25) "New Research and Development Equipment" has the meaning set forth in Indiana <br />Code § 6-1.1-12.1-1 et secy. <br />(A) 26 "Property" has the meaning set forth in I~ Indiana Code § 6-1.1-12.1-1 et sec, <br />(A)(~)~"Redevelopment" has the meaning set forth in I~ Indiana Code § 6-1.1-12.1-1 et <br />s~ <br />(A) 28 "Redevelopment Blighted Area" and "RBA" mean real Property meeting the <br />standards set forth in Indiana Code § 6-1.1-12.1 et seq., excluding the South Side Development <br />Area. <br />(A)(~)(~ "Rehabilitation" has the meaning set forth in ~ Indiana Code § 6-1.1-12.1-1 et <br />s~ <br />
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