Amending Article 6 Chapter 2 Tax Abatement Procedures

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• ORDINANCE NO. 1333-9, AN ORDINANCE OF THE COMMON COUNCIL. OF THE CITY OF SOUTH BEND, INDIANA, AMENDING ARTICLE 6 OF CHAPTER 2 OF THE SOUTH BEND MUNICIPAL CODE, ENTITY=Fri "TAX ABATEMENT PROCEDURES" STATEMENT OF PURPOSE AND INTENT Review of the operations of the office of the City Clerk and office of the Department of Economic Development of the City of South Bend, reveals a significant amount of staff time spent on the review and processing of petitions for tax abatement and on the administration of the City's tax abatement program, with additional staff time spent handling tax. abatements for projects and property located in Tax Increment Allocation Areas. The Common Council of. the City of South Bend has determined it necessary to defray the expense of review and processing of such applications and of administering the program by increasing the filing fees provided in the South Bend Municipal. Code.. 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 a-76.1(a) is amended to add a new subsection, subsection 2-76.1(a) (22.5) , which shall read as follows: Sec.2-76..1.1. Definitions. (a) As used. in. this article, the terms and phrases shall have the following meanings: * * * * * 22.5) Tax Increment Allocation Areas (TIAA) shall have the meaning set forth. in I.C. 36-7-14-39(a) , as the same may be amended from time to time. Section II. Chapter 2, Article 6, Section 2-84.7 of the South Bend Municipal Code shall be and hereby is amended to read as follows: (a) Owners must file: Owners of real property or new manufacturing equipment located within the City may petition the Common Council on forms provided by the City Clerk for real or personal property tax abatement consideration. All information and attachments required by the designation application must be completed and filed with the City Clerk together with the a filing fee provided below ef-twe-hundred-fifty-dada€s-f$25G-A8} to cover the review, processing and administrative costs of the City's Department of Economic Development and City Clerk. (b) Schedule of Fees. The following fees must be paid to the City Clerk simultaneous with the filing of application or petition for real or personal property tax abatement consideration: I. Outside a TIAA 5 Year 3 Year 6 Year 10 Year A. Real Property: