Amending Chapter 2 as Tax Abatement Procedures

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tax abatement requested should be granted. At which time the Council shall receive and hear all remonstrances and objections from interested persons pertaining to the petition. At the public hearing, the Council shall determine whether the petition complies with this Article and with I.C. , 6-1.1-12 . 1, et seq. , and shall consider all pertinent requirements for economic revitalization areas prior to taking final action determining whether the petition meets qualifications for an economic revitalization area and confirming, modifying and confirming, or rescinding the declaratory resolution. The determination of Council is final except that an appeal may be taken and heard as provided by I.C. , 6-1. 1-12. 1-2.5 (d) and (e) . (b) The Common Council must make a determination as to whether the deductions shall be allowed and made specific findings pursuant to I.C. , 6-1. 1-12. 1-3 . The Council must further comply with I.C. , 6-1. 1-12 .1-4.5 and make specific finding thereto when considering personal property tax abatement requests. (c) In declaring an area an economic revitalization area, (ERA) , the designating body may: (1) limit the time period to a certain number of calendar years during which the area shall be so designated; (2) limit the type of deductions that will be allowed within the economic revitalization area to either the deduction allowed under I.C. , 6-1.1-12.1-3, or the deduction allowed under I.C. , 6-1. 1-12. 1-4.5; (3) limit the dollar amount of the deduction that will be allowed with respect to new manufacturing equipment if a deduction had not been filed before July 1, 1987, for that equipment; (4) limit the dollar amount of the deduction that will be allowed with respect to redevelopment and rehabilitation occurring in areas that are designated as economic revitalization areas on or after September 1, 1988; or (5) impose reasonable conditions related to the purpose of state law or to the general standards adopted herein for allowing the deduction for the redevelopment or rehabilitation of the property or the installation of the new manufacturing equipment. To exercise one (1) or more of the above described powers, the Common Council must include this fact in the Resolutions adopted. • Sec. 2-84.13 Annual Review of Petitions by the Council. (a) All property owners who receive approval of their real and/or personal property tax abatement requests as a result of the Common Council's action under this Article, shall be required to appear before the Human Resources and Economic Development Committee. Such appearances shall take place at a committee meeting following the Petitioner's filing of the first Certified Declaration Application with the County Auditor, required•. by the State Board of Tax Commissioners pursuant to I.C. , 6-1. 1-12 . 1-5. (bl Additionally the petitioner shall file with said