Amending Article 6 Chapter 2 Tax Abatement Procedures

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f i.(c) Petition information: Property owners petitioning for tax abatement shall provide the following information on the petition to enable the Council to consider their request: (1) The name(s) and address(es) of the real property owner(s) (and personal property owner(s) , in the case of the request for personal property tax abatement), and any other person(s) leasing, intending to lease., or having an option to purchase such property, and a brief description of the. business. (2) if the business organization is publicly held, the name. of the corporate parent and the name under which the corporation is filed with the Securities Exchange Commission. (3) The legal description and commonly known address.. of the. real property for which real property tax abatement is being petitioned; or the legal description and commonly known address of the facility at which the new manufacturing equipment for which tangible personal property tax abatement is being petitioned will be located. (4) A map and/or plat describing the area where tax. abatement is being requested. ( 5) The current assessed valuation of the real property improvement before rehabilitation, redevelopment., economic revitalization, or improvement; or the current assessed valuation of the tangible personal property to be replaced by new manufacturing equipment. ( 6) Photographs of the location taken within two ( 2) weeks of the filing of the petition. (7) The real and personal property taxes paid at the location during the previous five ( 5) years, whether paid by the current owner or a previous owner. ( 8) The commitment made within the past five. ( 5) years to hiring minority individuals including number of minorities employed during each of the past five ( 5) years, specifying whether full-time or part-time and whether permanent or temporary employees. The petitioner shall also list the current number of total employees (full- and part-time) and the current number of minority individuals (full-and part-time) . (9) An estimate of the after-rehabilitation market value of the real property or an estimate of the market value of the new manufacturing equipment after installation. (10) The commitment to minority employment during the first five ( 5) years of tax abatement. (11) A description of the proposed project (whether rehabilitation, new construction, or installation of new manufacturing equipment) , including information about physical. improvements to be made or the new manufacturing equipment to be installed, an estimate of the cost of the project, the amount of land to be used, the proposed use of the improvements., and a general statement as to the value of the project to the business. (12) An estimate of the number of new permanent jobs to be created by the project within one ( 1) year, a statement of the current number of permanent and part-time jobs at the location and the impact on those current jobs to be caused by the project, and the projected annual salaries for each such position to be created.