10-11-10 Council Agenda & Packet

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SUBSTITUTE BILL 25 -14 ORDINANCE NO. AN ORDINANCE OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, AMENDING ''VARIOUS SECTIONS OF CHAPTER 2, ARTICLE 6 OF THE SOUTH BEND MUNICIPAL CODE PERTAINING TO TAX ABATEMENTS � ►I- 9W#T27i1 �lh3. W, AA I ill► -D " On August 15, 2003 this Council effectuated Ordinance #9394 -03 to improve the tax abatement procedure for the City of South Bend, and to articulate its purpose and philosophy. It is now time again to assure that tax abatement promotes mutual benefit to both the City and the abatement recipient. Through this ordinance, tax abatement recipients will provide South Bend with jobs that pay wages and benefits adequate for workers to be self sufficient. Recipients will be encouraged to construct energy efficient buildings and include persons recruited from historically underprivileged groups. This ordinance is intended to achieve the objective of granting tax abatements which assure South Bend of an economically and socially beneficial return, in the best interest of the City and its citizens. NOW, THEREFORE, BE IT ORDAINED BY THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, as follows: 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, 2.84.9, 2.84.10, 2- 84.12, and 2 -84.13 are hereby amended to read as follows: See. 2 -76.1. Definitions, interpretation and area maps. (a) For purposes of this article, unless the context otherwise requires, a term that begins with an upper case letter has the meaning assigned in the sentence in which it appears within quotation marks; and the following words and phrases have the meanings set forth below. (1) Airport Economic Development Area and AEDA mean the area located within the City's corporate boundaries designated by the South Bend Redevelopment Commission and the Common Council, as amended from time to time, and filed with the City Clerk's Office with notice to the President of the South Bend Common Council and the Chair of the South Bend Common Council's Community and Economic Development Committee. (2) Available for use means publicly advertised at rates not to exceed Section 8 Rental Guidelines for the unit size.