11-08-10 Council Agenda & Packet

Home Browse Search

generation on site. The wording here also adds solar- powered electric generation to give companies greater flexibility. 7. Benefit category: green roof Sec. 2- 76.4(1)(a)(6) This benefit category is incorporated from bill 61 -10. The wording here adds a definition of a "green roof." 8. Construction wages Sec. 2- 76.4(1)(c)(3) The wording used to define a "phase -in prevailing wage," used in bill 61 -10, is adopted here instead of the common construction wage. 9. Benefit category: hire individuals with a felony conviction Sec. 2- 76.4(1)(e)(4) This benefit category is incorporated from bill 61 -10. The requirement that the individuals have to go through a rehabilitation or reentry program is dropped in order to provide companies with the flexibility to require this or not. (Note: to add new benefit categories and still retain the relative priorities in the bill required a doubling of most point totals and a slight adjustment of some benefit points.) 10. Benefit category: hire workers who lost jobs from a local business Sec. 2- 76.4(1)(e)(5) This benefit category is incorporated from bill 61 -10. It gives credit to companies that hire 5 or more individuals whose jobs were lost (within the last 12 months prior to hire date) due to the closing of a local (St. Joseph County) business. 11. Table indicating the effects of various years of abatement (phase -in) Sec. 2- 76.4(3) A table similar to the table in bill 61 -10, showing the percentage of taxes due for various years of abatement (phase -in), has been added. This table shows, for various years of abatement (phase -in), the deductions allowed from the assessed value of the property; the data in the table are taken directly from IC 6- 1.1- 12.1- 4.5(d). 12. Flexibility of benefits chosen by company Sec. 2- 84.13(8) Bill 61-10 requires companies to submit to the Council in years 4 -10 of its abatement the specific benefits it has earned in the previous year. This provides flexibility but requires the Council to review each company's benefits every year. The addition to bill 25 -10 considered here provides similar flexibility and ability to adapt to changing circumstances by allowing companies to substitute different benefits during the course of its abatement. It reduces time constraints on the Council by requiring Council review only when the company requests a change in the benefits provided. 13. Ability of Council to require repayment of taxes if benefits not achieved Sec. 2- 84.14(d) Bill 61 -10 requires the repayment of taxes if employment and wage results fall short of estimates. This creates flexibility for the Council by providing for the repayment of taxes without requiring the ending of the abatement. The addition here adopts this flexibility and extends it to all benefits not achieved (except those for which the Council has approved substitutes). 14. Flexibility for the Council to take account of changing community needs