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(c) Six-Year General Standards: <br /> (1) New Construction: Proposed retail <br /> developments which incorporate new construction greater than <br /> 20, 000 square feet, and which are to be located within the <br /> UEZ, may be considered for six-year real property tax <br /> abatement. <br /> (2) Rehabilitation: Proposed retail developments <br /> which incorporate rehabilitation of existing structures <br /> greater than 20, 000 square feet, located within the UEZ, may <br /> be considered for six-year real property tax abatement. <br /> (d) Ten-Year General Standards: <br /> (1) New Construction: Proposed retail <br /> developments which incorporate new construction of 40, 000 <br /> square feet or more, and which are to be located within the <br /> UEZ, may be considered for ten-year real property tax <br /> abatement. <br /> (2) Rehabilitation: Proposed retail developments <br /> which incorporate rehabilitation of existing structures of <br /> 40,000 square feet or more, and which rehabilitation is to <br /> be done to existing structures located within the UEZ, may <br /> be considered for ten-year real property tax abatement. <br /> (e) Compliance With State Law: All applicants seeking <br /> real property tax abatement consideration under this Section <br /> must also comply with all applicable regulations set forth <br /> in I.C, 6-1. 1-12. 1-1 et seq. <br /> Sec. 2-79.2 Reserved. <br /> Division V. Mixed Use Development <br /> Real Property Tax Abatement. <br /> Sec. 2-80 Mixed Use Developments in the Central Business <br /> District (CBD) . <br /> (a) The Common Council believes that the following tax <br /> abatement general standards have a reasonable relationship <br /> to the development objectives of mixed use developments <br /> within the Central Business District (CBD) of the City of <br /> South Bend, and would warrant tax abatement consideration as <br /> set forth herein. <br /> (b) Three-Year General Standards: <br /> (1) New Construction: Proposed mixed use <br /> developments which incorporate new construction of not less <br /> than 15, 000 square feet, and which are to be located within <br /> the CBD, may be considered for three-year real property tax <br /> abatement. <br /> (2) Rehabilitation: Proposed rehabilitation of <br /> existing structures located within the CBD and which propose <br /> not less than 5,000 square feet to be rehabilitated, may be <br /> considered for six-year real property tax abatement. <br /> (c) Six-Year General Standards: <br /> (1) New Construction: Proposed mixed use <br /> developments which incorporate new construction of not less <br />