Amending Article 6 Chapter 2 Tax Abatement Procedures

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(14) The Standard Industrial Classification Manual major group within_ which the proposed project would be classified, by number and description. (15) The Internal Revenue Service Code of principal business activity by which the proposed project would be classified., by number and description. (16) A description of on-site child care or day care facilities, services, or benefits currently offered or proposed to be offered by the pe titioner for children of employees. (17) Other anticipated public financing for the project,. including, if any, industrial revenue bonding to be sought or already authorized, assistance through the United. States_. Department. of Small Business Administration Section 503, financing through. the Business Development Corporation of South Bend., Mishawaka, and St. Joseph County, Indiana; or other public' financial assistance, including but not limited to. public works improvements.. (1.8) For real property tax abatement, a description of how the property in question. has become undesirable for or impossible of normal development and occupancy because of lack, of development, cessation of growth, deterioration of improvements., or character of occupancy, age, obsolescence, substandard buildings or other factors which have impaired values and prevent a normal development of the property or property use. (19) For personal property tax abatement, a description of why the facility or group of facilities to be replaced are technologically, economically, or energy obsolete, whereby the obsolescence may lead to a decline in employment and tax revenues; together with a verification that the new manufacturing equipment will be used in the direct production, manufacture, fabrication, assembly, extraction, mining, processing, refining or refinishing of other tangible personal property and that the new manufacturing equipment was never before used by its owner for any purpose in. Indiana... (20) The name, address and telephone number of the person to contract regarding notice of Council meetings and public hearings concerning the petition. (21) The name, address and telephone number of the person who will work with. ETS for employee recruitment. (Ord. No. 8065-90, Si) Sec. 2-84.8. Statement of benefits, declaratory and confirmatory resolutions required. (a) In addition to the completed petition, filing fee, and. related documents required by section 2-84.7, the owners of real property or new manufacturing equipment must file a completed statement of benefits form at the time of filing the petition. (b) Proposed forms of declaratory and confirmatory resolutions are also required of the owner at the time of filing the petition. Section. III . This ordinance shall be in full force and effect: upon passage by the. Common Council, approval by the Mayor, and proper legal publication. ��..�... Ara._ - Member, Sou vrBend. Common Council