Laserfiche WebLink
(2) Rehabilitation: Proposed rehabilitation of <br /> existing structures located within the CBD for mixed use <br /> development, and which propose that not less than 10, 000 <br /> square feet to be rehabilitated, may be considered for six- <br /> year real property tax abatement. <br /> (d) Ten-Year General Standards: <br /> (1) New Construction: Proposed mixed use <br /> developments which incorporate new construction of not less <br /> than 50, 000 square feet, and which are to be located within <br /> the CBD, may be considered for ten-year real property tax <br /> abatement. <br /> (2) Rehabilitation: Proposed rehabilitation of <br /> existing structures located within the CBD, and which <br /> propose rehabilitation of not less than 20, 000 square feet, <br /> may be considered for a ten-year real property tax <br /> 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. 2-80.1 Mixed Use Developments in the East Bank <br /> Development Area (EBDA) <br /> (a) The Common Council belives that the following <br /> general standards have a reasonable relationship to the <br /> development objectives of mixed use development projects <br /> within the East Bank Development Area (EBDA) 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 7,500 square feet, and which are to be located within <br /> the EBDA may be considered for a three-year real property <br /> tax abatement. <br /> (2) Rehabilitation: Proposed rehabilitation of <br /> existing structures located within the EBDA and which <br /> propose not less than 5, 000 square feet to be rehabilitated, <br /> may be considered for three-year real property tax <br /> abatement. <br /> (c) Six-Year General Standards: <br /> (1) New Construction: Proposed mixed use <br /> developments which incorporate new construction of not less <br /> than 20, 000 square feet, and which are to be located within <br /> the EBDA, may be considered for three-year real property tax <br /> abatement. <br /> (2) Rehabilitation: Proposed rehabilitation of <br /> existing structures located within the EBDS and which <br /> propose not less than 10, 000 square feet to be <br /> rehabilitated, may be considered for six-year real property <br /> tax abatement. <br /> (d) Ten-Year General Standards: <br />