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earned. This initial term shall be ten (10) years for real and personal property tax <br />phase -ins, and five (S) years for single family residential projects. <br />(b) The actual property tax phase -in credits that may be annually claimed by a <br />property owner is restricted to those base and bonus credits that have actually <br />been earned during the previous calendar (taxable) year, in accordance with the <br />City's Phase -In ,Schedule. (Section 2 -83). <br />(1) This deduction may be claimed only if supporting documentation is filed <br />with the property owner's annual property tax payments, <br />(2) All information filed with the County Auditor documenting phase -in <br />credits earned in any given year to determine the amount of property taxes <br />owed are submitted under pains and penalties of perjury in compliance <br />with Section 2 -84.3. <br />(c) Under no circumstances will the total phase -in period exceed ten (10) years in <br />length. <br />Sec. 2- 76.4. Threshold Criteria for All Applicants and Projects <br />The Council may grant a property tax phase -in to an applicant whose project meets the threshold <br />performance criteria of Section 2 -77 Threshold Performance Criteria <br />DIVISION 2. SCHEDULES FOR DETERMINING PHASE-IN CREDITS <br />Sec 2 -77 Threshold Performance Criteria <br />The City of South Bend welcomes applications for Tax Phase -In from all businesses, <br />regardless of size, and persons that meet all of the following criteria. <br />(a) All of the applicant's full time employees (located in St. Joseph County, Indiana) <br />are paid wages which exceed the Federal Poverty Wage. 4 d e 4. fi °d , ni a"41 <br />The Office of <br />the City Clerk and the Community and Economic Development Department shall <br />maintain a record of the current Federal Poverty Wage. <br />(b) The project meets or exceeds Federal Equal Employment Opportunity <br />Commission statutes and regulations. <br />(c) All contractors and construction personnel on site at the applicant's project meet <br />state and local requirements with respect to bonding, licensing, and registration <br />requirements of the St. Joseph County /City of South Bend Building Department. <br />0 <br />