8564-94 Amending Chapter 2 Article 6 Section 2-84.7(b) Addressing Tax Abatement

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BILL NO.ORDINANCE NO. g56q -9 q AN ORDINANCE OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA,AMENDING CHAPTER 2,ARTICLE 6, SECTION 2-84.7 (b) OF THE SOUTH BEND MUNICIPAL CODE ADDRESSING TAX ABATEMENT FEES STATEMENT OF PURPOSE AND INTENT On December 28, 1992, the Common Council passed Ordinance No. 8333-92 which established a "Schedule of Fees" which must be paid when filing a petition for real or personal property tax abatement consideration. The following ordinance would dedicate all of such fees except the City Clerk's fee of$250.00 to the Department of Community and Economic Development to help offset the significant amount of staff time spent on the review and processing of petitions for tax abatement and the administration of the City's tax abatement program. It is believed that this ordinance is in the best interests of the City. NOW, THEREFORE, BE IT ORDAINED BY THE COMMON COUNCIL OF THE CITY OF SOUTH BEND, INDIANA, as follows: Section I. Chapter 2, Article 6, Section 2-84.7 (b) of the South Bend Municipal Code is amended by adding the following to the end of the last paragraph: Fees collected under this Section shall be deposited as follows: Clerk's Office fee of$ 250.00 to the General Fund: and All other fees to Fund 212 to be used by the Department of Community and Economic Development. section II. All fees collected pursuant to the current provisions of Chapter 2, Article 6, Section 2-84.7 (b) of the South Bend Municipal Code in calendar year 1994, shall be deposited as set forth in Section I of this ordinance. ,Section III, This Ordinance shall be in full force and effect from and after its passage by the Common Council , approval by the Mayor and legal publication. �L/L Z./ / - of the omm �'.uncil