Amending Chapter 2 as Tax Abatement Procedures

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(c) At the committee meeting, the Committee shall specifically consider, among other information provided by the petition, the commitment made to minority employment by the petitioner during the past five (5) years and during the first five (5) years of tax abatement. (d) Following questioning and review, the Committee shall take action on the request and shall submit its recommendation to the Common Council as to whether the property qualifies as an economic revitalization area under the terms of this Article and I.C. , 6-1. 1-12. 1-1, et seq. Sec. 2-84.11 Common Council's Review of Declaratory Resolution. (a) The Common Council shall hold a public hearing on the Petitioner's Declaratory Resolution pursuant to I.C. , 6- 1.1-12 . 1-2.5. (b) The Petitioner and/or its representative shall present evidence to the Council as to why it believes it qualifies for the requested abatement. (c) If it finds that the property qualifies as an economic revitalization area under the terms of this Article and I.C. , 6-1. 1-12. 1-1(1) , the Common Council may adopt a resolution declaring the property as an economic revitalization area for purposes of tax abatement. Said Resolution shall specify .whether the abatement is for real property tax deduction or for personal property tax deduction, the length of time during which the area shall be so designated, and the general boundaries of the area by describing its location in relation to public ways. If the abatement is for real property taxes, the Council shall specify whether the abatement is for three (3) , six (6) , or ten (10) years. If the tax abatement is for residentially distressed areas, specific findings as required by I.C. , 6- 1.1-12.1-3 and I.C. , 6-1. 1-12 . 1-4. 1 shall be made. Upon the adoption of the declaratory resolution, the City Clerk shall file the resolution with the County Assessor, together with supporting data required by I.C. , 6-1. 1-12.1-2 .5. (d) If the area is located within an allocation area as defined in I.C. , 36-7-14-39, as declared by the South Bend Redevelopment Commission, the Council shall not adopt a declaratory resolution declaring an area to be an economic revitalization area for purposes of either real property tax deduction or personal property tax deduction if the Commission has not adopted a resolution approving the petition. (e) Upon adoption of the declaratory resolution, the City Clerk shall cause notice of the adoption to be published pursuant to I.C. , 5-3-1, and shall include in the notice information about the adoption of the declaratory resolution, the substance of the resolution, that a description of the affected area is available and can be inspected in the County Assessor's Office, the date when the Common Council will receive and hear all remonstrances and objections from interested persons; and any other information required by I.C. , 6-1.1-12. 1-2 .5. Sec. 2-84.12 Confirmatory Resolution. (a) Following the legal publication and on the date