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Amending Chapter 2 Entitled Tax Abatement Procedures
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Amending Chapter 2 Entitled Tax Abatement Procedures
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Last modified
2/22/2013 11:23:46 AM
Creation date
2/22/2013 11:23:44 AM
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City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
7/14/1986
Ord-Res Number
7661-86
Bill Number
55-86
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States Department of Housing and <br /> Urban Development. <br /> (3 ) For ten year tax abatement: <br /> (A) Location in a Tax Abatement Impact <br /> Area; and <br /> (B) Minimum construction costs estimated <br /> to exceed One Million Dollars <br /> ($1,000,000.00) for new construction <br /> and Five Hundred Thousand Dollars <br /> ($500,000.00) for rehabilitation; and <br /> (C) Fifteen percent (15%) of the dwelling <br /> units available for occupancy by low <br /> or moderate income households, as <br /> defined by regulations of the United <br /> States Department of Housing and <br /> Urban Development. <br /> (b) Office projects: <br /> (1) For three year tax abatement: <br /> (A) Location within a Tax Abatement <br /> Impact Area. <br /> ( 2) For six year tax abatement: <br /> (A) Location within that part of a Tax <br /> Abatement Impact Area known as the <br /> Central Business District, as defined <br /> by maps located in and available for <br /> public inspection at the City' s <br /> Department of Economic Development; <br /> and <br /> (B) Determination by the Redevelopment <br /> Design Review Committee that the <br /> project conforms to the Development <br /> Plan for the South Bend Central <br /> Development Area and that the site <br /> plan and specifications conform to <br /> design guidelines for the Central <br /> Business District. <br /> (3) For ten year tax abatement: <br /> (A) Location within the Central Business <br /> District; and <br /> (B) Determination by the Redevelopment <br /> Design Review Committee that the <br /> project conforms to the Development <br /> Plan for the South Bend Central <br /> Development Area and that the site <br /> plan and specifications conform to <br /> design guidelines for the Central <br /> Business District; and <br /> (C) The project conforms to at least two <br /> of the following criteria: <br />
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