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Amending Chapter 2 Entitled Tax abatement Procedures (2)
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Amending Chapter 2 Entitled Tax abatement Procedures (2)
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3/26/2013 3:48:15 PM
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City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
1/28/1985
Ord-Res Number
7428-85
Bill Number
3-85
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12. A description of the proposed project <br />(whether rehabilitation, new construction, or <br />installation of new manufacturing equipment): <br />including information about physical <br />improvements to be made or the new equipment <br />to be installed, an estimate of the cost of <br />the project, the amount of land to be used, <br />the proposed use of the improvements, and a <br />general statement as to the value of the <br />project to the business. <br />13. An estimate of the number of new permanent <br />jobs to be created by the project, and a <br />statement of the current number of permanent <br />and part -time jobs at that location and the <br />impact on those current jobs to be caused by <br />the project. <br />14. Verification that no building permit has been <br />issued for construction on the property for <br />the improvement proposed or verification <br />that the new manufacturing equipment has not <br />been installed. <br />15. The Standard Industrial Classification Manual <br />major group within which the proposed project <br />would be classified, by number and <br />description. <br />16. Other anticipated public financing for the <br />project, including, if any, industrial revenue <br />bonding to be sought or already authorized, <br />assistance through the United States <br />Department of Housing and Urban Development <br />funds from the City of South Bend, Small <br />Business Association Section 503 financing <br />through the Business Development Corporation of <br />South Bend, Mishawaka, and St. Joseph County, <br />Indiana; or other public financial assistance. <br />17. For real property tax abatement, a description <br />of how the property in question has become <br />undesirable for or impossible of normal <br />development and occupancy because of lack of <br />development, cessation of growth, deterioration of <br />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 tangible personal property will be used <br />in the direct production, manufacture, <br />fabrication, assembly, extraction, mining, <br />.�...,.,�..i,,.. __- Fi, -.i� ^r Mini ollino of nthar <br />
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