9720-06 Amend various sections in Chapter 2, Article 6 - Tax Abatement

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Ordinance Regulating Tax Abatement Regulations Page 7 Section V. Chapter 2, Article 6, Division 11, Section 2-84.8, addressing "Statement of Benefits, Declaratory and Confirmatory Resolutions Required" of the South Bend Municipal Code is amended in part to read as follows: A. In addition to the completed petition, filing fee, and related documents required by Section 2-84.7, the owners of real property or New Personal Property must file a completed statement of benefits form at the time of filing the petition. Section VI. Chapter 2, Article 6, Division 11, Section 2-84.12, addressing "Confirmatory Resolution" of the South Bend Municipal Code is amended in part to read as follows: C. 3-: Limit the dollar amount of the deduction that will be allowed with respect to New Personal Property if a deduction had not been filed before July 1, 1987, for that equipment; ~: Impose reasonable conditions related to the purpose of state law or to the general standards adopted herein for allowing the deduction for the Redevelopment or Rehabilitation of the property or the installation of the New Personal Property- (e). Prior to the Common Council taking final action on a Confirmatory Resolution which involved Public Benefit Points being awarded for construction jobs, a list of contractors which are intended to be used must be filed by the Petitioner with the Department of Community and Economic Development for verification Qurposes by the Department.. The Department shall confirm in writing to the Office of the City Clerk receipt of such information which will trigger the Confirmatory Resolution being_placed on a Common Council a enda Section VII Chapter 2, Article 6, Division 11, Section 2-84.13 C addressing "Annual Review of Petitions By Council" of the South Bend Municipal Code is amended in part to read as follows: C. 4. The names of Local Company and/or Minority contractors used during the renovation of the real property and/or installation of New Personal Property for which tax abatement was received. Section VIII. Chapter 2, Article 6, Division 11, Section 2-84.14, addressing "Failure Of Petitioner To Comply May Result In Fines Being Imposed Or Termination Of Economic Revitalization Designation And Repayment Of Taxes Previously Abated" of the South Bend Municipal Code is amended in part to read as follows: