Amending Chapter 2 as Tax Abatement Procedures

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(d) Petitioners who comply with Section 2-84. 13, but fail to provide evidence as to why they have not achieved the estimates set forth in their documents used by the Council when granting the abatement, may be fined in the minimum amount of two hundred and fifty dollars ($250. 00) to a maximum amount of two thousand five hundred dollars ($2,500.00) for each such failure to perform. Sec. 2-84.15 Annual Summary To Be Prepared by the Department of Economic Development. (a) On or before March 31st of each year, the Department of Economic Development shall file an annual report with the City Clerk and Common Council summarizing all tax abatement activity for the past calendar year. Said report shall include but not be limited to the following information: the number of tax abatement petitions filed, number and type of abatement granted, names and addresses of all petitioners who failed to comply with Section 2-84. 13, and other relevant information. Said report shall include a copy of the County Auditor's information published by the Auditor as required by I.C. 6-1.1-12 . 1-8. (b) Said report shall be used as one of the items of evidence when imposing fines against the Petitioners who fail to comply. Sec. 2-84.16 Review of Tax Abatement Procedures by the Common Council. (a) In calendar years ending with an even number, the Common Council shall be required to review its tax abatement procedures set forth in this Article. (b) Said review shall be conducted by the Human Resources and Economic Development Committee with a report of its findings being presented to the full Council on or before October 1st of such years. (c) Nothing in this Section prohibits a more frequent review of such procedures. Sec. 2-84.17 Severability of Article. (a) The terms and conditions set forth in this Article are determined to be in the best interests of the City of South Bend in the tax abatement area. (b) All procedures are believed to be consistent with Home Rule and I.C. 6-1. 1-12 .1-1 et seq. (c) If however any provisions in said Article are found to be inconsistent by a competent Court of law, the remaining provisions herein shall remain in full force and effect. SECTION II. This Ordinance shall be in full force and effect from and after thirty (30) days after its passage by the Common Council and approval by the Mayor.