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development, cessation of growth, deterioration <br /> of improvements, or character of occupancy, age, <br /> obsolescence, substandard buildings, or other <br /> factors which have impaired values and prevent a <br /> normal development of the property or property <br /> use. <br /> 18. For personal property tax abatement, a <br /> description of why the facility or group of <br /> facilities to be replaced are technologically, <br /> economically, or energy obsolete, whereby the <br /> obsolescence may lead to a decline in employment <br /> and tax revenues; together with a verification <br /> that the t 416X0/160 40A#X/IV0160 14 new <br /> manufacturing equipment will be used in the <br /> direct production, manufacture, fabrication, <br /> assembly, extraction, mining, processing, <br /> refining, or finishing of other tangible personal <br /> property and that the 16¢ 4$4#7L/IV$16$ 1 new <br /> manufacturing equipment was never before used by <br /> its owner for any purpose in Indiana. <br /> 19. The name, address, and telephone number of the <br /> person to contact regarding notice of council <br /> meetings and public hearings concerning the <br /> petition. <br /> Section 2-77. Petition review and consideration. <br /> (a) Upon receipt of a petition containing all <br /> requested information, including all attachments, the City Clerk <br /> shall refer the petition and attachments to the Department of <br /> Economic Development for review. The Department shall review the <br /> petition and attachments, obtain any additional information <br /> required from the petitioner, and shall inform the Council Human <br /> Resources and Economic Development Committee and the Mayor' s <br /> Minority Affairs Council in a written report within 15 working days <br /> of receipt of the petition from the Clerk: <br /> 1. Whether all required information has been <br /> submitted by the petitioner; <br /> 2. Whether the information contained in the petition <br /> indicates that the requirements of this Article <br /> are met by the project as described in the <br /> petition; <br /> 3. Whether zoning requirements have been met, <br /> according to the Department of Code Enforcement; <br /> and <br /> 4. Whether the project is located in a tax <br /> allocation area, as defined in I.C. 36-7-14-39, <br /> and if so, whether the South Bend Redevelopment <br /> Commission has adopted a resolution approving <br /> that application. <br /> 5. If additional terms of tax abatement have been <br /> agreed upon, a copy of the executed agreement. <br /> (b) The Human Resources and Economic Development <br /> Committee shall examine, review, and conduct a public committee <br /> meeting concerning the petition and shall submit its recommendation <br /> to the Council as to whether the property qualifies as an economic <br /> revitalization area under the terms of this Article and of I .C. <br /> r 1 1 4 ,1 1 A / 1 % <br />