Amending Chapter 2 Entitled Tax abatement Procedures (2)

Home Browse Search

Section 2 -77. Petition review and consideration. (a) Upon receipt of a petition containing all requested information, including all attachments, the City Clerk shall refer the petition and attachments to the Department of Economic Development for review. The Department shall review the petition and attachments, obtain any additional information required from the petitioner, and shall inform the Council Human Resources and Economic Development Committee in a written report within 15 working days of receipt of the petition from the Clerk: 1. Whether all required information has been submitted by the petitioner; 2. Whether the information contained in the petition indicates that the requirements of this Article are met by the project as described in the petition; 3. Whether zoning requirements have been met, according to the Department of Code Enforcement; and 4. Whether the project is located in a tax allocation area, as defined in I.C. 36- 7- 14 -39, and if so, whether the South Bend Redevelopment Commission has adopted a resolution approving that application. 5. If additional terms of tax abatement have been agreed upon, a copy of the executed agreement. (b) The Human Resources and Economic Development Committee shall examine, review, and conduct a public committee meeting concerning the petition and shall submit its recommendation to the Council as to whether the property qualifies as an economic revitalization area under the terms of this Article and of I.C. 6- 1.1- 12.1 -1(1), (c) If it finds that the property qualifies as an economic revitalization area under the terms of this article and I.C. 6- 1.1- 12.1 -1(1), the Council may adopt a resolution declaring the property as an economic revitalization area for purposes of tax abatement, and shall specify whether the abatement is for real property tax deduction or for personal property tax deduction, the length of time during which the area shall be so designated, and the general boundaries of the area by describing its location in relation to public ways. Upon adoption of the declaratory resolution, the City Clerk shall file the resolution with the County Assessor, together with supporting data required by I.C. 6- 1.1- 12.1 -2.5. (d) If the area is located within an allocation area as defined in I.C. 36- 7- 14 -39, as declared by the South Bend Redevelopment Commission, the Council shall not adopt a declaratory resolution declaring an area to be an economic revitalization area for purposes of either real property tax deduction or personal property tax deduction if the Commission has not adopted a resolution approving the petition. (e) Upon adoption of the declaratory resolution, the City 1 .. --4-4 -- ..-P 4-1— -A --4-4 ^. t� }�o ",iIN1 i whorl rnirciianfi t