Laserfiche WebLink
development objectives for warehouse development within the <br /> City, and would warrant tax abatement consideration as set <br /> forth herein. <br /> (b) Three-Year General Standards: <br /> New Construction and Rehabilitation: <br /> Proposed warehouse development of new construction <br /> or rehabilitation of not less than 25, 000 square feet per <br /> project may be considered for three-year real property tax <br /> abatement. <br /> (c) Six-Year General Standards: <br /> New Construction and Rehabilitation: <br /> Proposed warehouse development of new construction <br /> or rehabilitation of not less that 50, 000 square feet per <br /> project may be considered for six-year real property tax <br /> abatement. <br /> (d) Ten-Year General Standards: <br /> New Construction: Proposed warehouse development <br /> of new construction or rehabilitation of not less than <br /> 100, 000 square feet per project shall be considered for ten- <br /> year real property tax abatement. <br /> (e) Compliance with State Law: <br /> All applicants seeking real property tax abatement <br /> consideration under this Section must also comply with all <br /> applicable regulations set forth in I.C. , 6-1. 1-12-1-1 et <br /> seq. <br /> (f) ETS Requirement: All applicants seeking real <br /> property tax abatement consideration under this section must <br /> also comply with working with ETS as set forth in Section 2- <br /> 83 .2. <br /> Sec. 2-83.1 Warehouse Development in the Economic <br /> Development Target Areas (EDTA) and Urban Enterprise Zone <br /> (UEZ) , and Redevelopment Blighted Areas (RBA) . <br /> (a) The Common Council believes that the following <br /> general standards have a reasonable relationship to the <br /> development objectives of warehouse development projects <br /> within the EDTA, UEZ, and RBA of the City of South Bend, and <br /> would warrant tax abatement consideration as set forth <br /> herein. <br /> (b) Three-Year General Standards: <br /> New Construction and Rehabilitation: <br /> Proposed warehouse development of new construction <br /> or rehabilitation in the EDTA, UEZ, or RBA may be considered <br /> for three year real property tax abatement. <br /> (c) Six-Year General Standards: <br /> New Construction and Rehabilitation: <br /> Proposed warehouse development of new construction <br />