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r� 0 � '�°�'I�'I,</, `�d44i� ROGER O. PARENT, Mayor• <br /> IM:' ,.,ACE /•T')�' DEPARTMENT OF ECONOMIC DEVELOPMENT <br /> W'.%�� ,r. .4 <br /> �j; ,./ 1200 COUNTY-CITY BUILDING SOUTH BEND,INDIANA 46601 (219)284-9371 <br /> +it%`` i8s5•�•� <br /> JON R.HUNT <br /> EXECUTIVE DIRECTOR <br /> ANN KOLATA <br /> EXECUTIVE DEPUTY DIRECTOR May 5 , 1986 <br /> South Bend Common Council Members <br /> 4th Floor, County-City Building <br /> South Bend, Indiana 46601 <br /> Dear Council Members: <br /> Due to changes in the State law, the Common Council now has the <br /> ability to approve real property tax abatements for three, six or <br /> ten year periods . The attached ordinance, incorporating these <br /> provisions, is the result of several months of discussion by the <br /> Human Resources and Economic Development Committee. <br /> The ordinance establishes the criteria for granting three, six <br /> or ten year real property tax abatement. The ordinance is based on <br /> two major premises. First, that the City should not grant abatement <br /> for a longer period than is necessary. Second, there should be more <br /> benefits to the City for the longer periods of abatement. <br /> If you have any questions concerning this ordinance, please <br /> feel free to contact me. <br /> Sincerely, <br /> (2/..4.4.42/— <br /> on R. Hunt <br /> Executive Director <br /> JRH:cp <br /> 9/m <br /> r <br /> REDEVELOPMENT COMMUNITY PLANNING HOUSING REHABAITATION HUMAN RIGHTS YOUTH SERVICES <br /> ANN KOLATA & BUSINESS DEVELOPMENT JANET HOLSTON LARRY JOHNSON BONNIE STRYCKER <br /> 284-9371 DONALD INKS 284-9475 284-9355 284-9231 <br /> 284-9335 <br />