Amending Chapter 2 as Tax Abatement Procedures

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(8) "Hard dollar costs" shall mean expenses directly related to the proposed new construction or rehabilitation excluding costs of financing, architect, engineering, and attorney fees. (9) "Industrial Development" shall mean and include those definitions set forth in major groups 20 through 39 of the Standard Industrial Classification Manual (SIC) , published by the united States Office of Management and Budget, which manual is hereby incorporated by reference, with copies being maintained in the Office of the City Clerk. (10) "Institutional Development" shall mean the development of day care or educational facilities. (11) "Low and moderate income individuals or families" shall mean those persons who qualify under the Department of Housing and Urban Development, Section 8 income requirements. (12) "Minority" shall mean: (I) Black (all persons having origins in any of the Black African racial groups not of Hispanic origin) ; (II) Hispanic (all persons of Mexican, Puerto Rican, Cuban, Central or. South American or other Spanish culture or origin, regardless of race) ; (III) Asian and Pacific Islander (all persons having origins in any of the original peoples of the Far East, Southeast Asia, the Indian Subcontinent, or the Pacific Islands) ; (IV) American Indian or Alaskan Native (all persons having origins in any of the original peoples of North American and maintaining identifiable tribal affiliations through membership and participation or community identification) ; (13) "Mixed Use', shall mean any mix of two (2) or more of the following uses only: office, retail, multi- family housing, or hotel uses. (14) "Neighborhood Revitalization Area (NRAP" shall mean the areas located within the City of South Bend as designated on the following map labeled Exhibit A-7, attached hereto and included herein, and as set forth by legal description in Exhibit A-8, which is incorporated by reference with copies of same being kept on file in the Office of the City Clerk. (15) "New manufacturing equipment" shall mean tangible personal property which was: (I) installed during the period beginning January 1, 1982, and ending February 28, 1983, in an urban development area declared before March 1, 1983 ; or installed during the period beginning March 1, 1983, and ending December 31, 1991, in an area that is declared an economic revitalization area after February 28, 1983, in which a deduction for tangible personal property is allowed: