Amending Chapter 2 Entitled Tax abatement Procedures (2)

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(f) Following the legal publication and on the date published in the legal notice, a public hearing on the declaratory resolution shall be held by the Council, at which time the Council shall receive and hear all remonstrances and objections from interested persons pertaining to the petition. At the public hearing, the Council shall determine whether the petition complies with this Article and with I.C. 6 -1.1 -12.1, and shall consider all pertinent requirements for economic revitalization areas prior to taking final action determining whether the petition meets qualifications for an economic revitalization area and confirming, modifying and confirming, or rescinding the declaratory resolution. The determination of Council is final except that an appeal may be taken and heard as provided by I.C. 6 -1.1- 12.1 -2.5 (d) and (e). (g) A designation as an economic revitalization area shall expire, and the declaratory resolution shall so state, one year from the adoption of the declaratory resolution, if during that year a building permit has not been issued for the proposed project if the area was declared for real property tax abatement, or new manufacturing equipment as defined by I.C. 6- 1.1- 12.1 -1 has not been installed within the area declared for personal property tax abatement. (h) A designation as an economic revitalization area shall expire, and the declaratory resolution shall so state, two years from the effective date of the declaratory resolution. (i) All procedures and determinations under this Article shall be consistent with I.C. 6- 1.1- 12.1 -1 et seq., and as amended from time to time, and in case of any inconsistency or conflict with the statutory provisions, those statutory provisions shall apply. Section 2 -78. Annual Reports Required. (a) A petitioner or other owner of real or personal property who receives tax abatement as a result of Council action under this Article shall file an annual report with the City Clerk and the Department of Economic Development no later than March 1 of each year during which abatement is received. Notice of the annual report requirement shall be sent to tax abatement recipients by February 1 by the Department of Economic Development. (b) The annual report shall include the following information. 1. The name and address of the person(s) filing the report. 2. The amount of real and /or personal property taxes paid during the year by the taxpayer before the property was declared as an economic revitalization area and during the previous tax year. 3. The current number of part -time jobs and fulltime jobs, specifying whether permanent or temporary, and the number of such jobs as of the end of the year immediately prior to receiving tax abatement. 4. The names of local and /or minority contractors „2ora rl „rinv the rcmnvatinn of the real nronert