Amending Chapter 2 as Tax Abatement Procedures

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• Report within thirty (30) days from receipt with such date being calculated from the returned receipt mail card date. (c) Said Annual Report shall include but not be limited to the following information: (1) The name and address of the person(s) filing the report. (2) The amount of real and/or personal property taxes paid for the property during the year before the property was declared as an economic revitalization area and during the most recent tax year. (3) The current number of part-time and full- time jobs, specifying whether permanent or temporary, and the number of such jobs as of the end of the year immediately prior to receiving tax abatement. (4) The names of local and/or minority contractors used during the renovation of the real property and/or installation of new manufacturing equipment for which tax abatement was received. (5) The number of minorities hired for full-time and part-time jobs, specifying whether such jobs are permanent or temporary, since the completion of the project for which tax abatement was given. (d) In addition to the Human Resources and Economic Development Committee being present at said committee meeting to review the Petitioner's progress, members of the Mayor's Minority Affairs Council, the Employment Training Services, and members of the Department of Economic Development shall be in attendance to question the Petitioner. (e) The Committee shall review the material presented by the Petitioner in comparison to the information published by the County Auditor as required by I.C. , 6-1.1-12 . 1-8. (f) The Committee shall specifically advise each property owner in writing as to whether subsequent appearances before the Committee shall be necessary. If such additional appearances are not required, the property owner shall be duly advised that their future Annual Reports may be mailed. Failure to mail such completed reports shall result in a two thousand five hundred dollar ($2,500. 00) fine for each such failure to comply. Sec. 2-84.14 Failure of Petitioner To Comply May Result in Fines Being Imposed by the City. (a) The City of South Bend believes that the granting of a request for real and/or personal property tax abatement under the terms and conditions of this Article results in a contractual arrangement between the City and the property owner granted abatement. (b) Accordingly, if the Petitioner fails to achieve the estimates set forth in its original Petition for Tax Abatement Consideration and its Statement of Benefits, fines may be imposed by the City relative to the severity of the failure to achieve.