Amending Chapter 2 Entitled Tax Abatement Procedures

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SUBSTITUTE BILL NO. 55-86 ORDINANCE NO. 7( /- '. AN ORDINANCE AMENDING CHAPTER 2, ARTICLE 6 OF THE SOUTH BEND MUNICIPAL CODE, ENTITLED TAX ABATEMENT PROCEDURES STATEMENT OF PURPOSE AND INTENT: To conform with certain amendments to statutory procedures relating to tax abatement, I.C. 6-1.1-12.1-1, et seq. , enacted by the 1985 and 1986 sessions of the Indiana General Assembly, the South Bend Common Council has determined that certain amendments to Ordinance No. 7428-85, codified as Chapter 2, Article 6 of the South Bend Municipal Code, are necessary. The Council' s Human Resources and Economic Development Committee has studied tax abatement policy and procedures and recommends the following standards and procedures to the Council in order to use the availability of tax abatement to encourage economic revitalization in the City of South Bend. NOW, THEREFORE, BE IT ORDAINED BY THE SOUTH BEND COMMON COUNCIL, AS FOLLOWS: SECTION I. Chapter 2, Article 6, of the South Bend Municipal Code, is hereby amended to read as follows: Section 2-76. Personal and real property tax abatement procedures. (a) Definition(s) . As used in this Chapter'_ VapWPeltY (1) Minority shall mean: 21 (A) Black (all persons having origins in any of the Black African racial groups not of Hispanic origin) ; 2/ (B) Hispanic (all persons of Mexican, Puerto Rican, Cuban, Central or South American or other Spanish Culture or origin, regardless of race) ; 2/ (C) 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) ; or A/ (D) American Indian or Alaskan Native (all persons having origins in any of the original peoples of North America and maintaining identifiable tribal affiliations through membership and participation or community identification) . (2) "New Manufacturing Equipment" shall mean tangible personal property as defined at I.C. 46-1.1-12.1-1(3) . ( 3 ) "Tax Abatement Impact Area" shall mean the following areas located within the City of South Bend: Two parcels of land being parts of the City of South Bend, Portage Township, St. Joseph County,Indiana, and being more turf-innlarl[r AacnrihcA nc fnllncac N:4 .7.