Amending Chapter 2 Indiana Entitled Tax Abatement Procedures

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4. A map and /or plat designating the area in question for consideration. 5. The current assessed valuation of the real property improvement before rehabilitation, redevelopment, economic revitalization, or improvements, and /or the current assessed valuation of the tangible personal property in use at said property before the acquisition of new manufacturing equipment. 6. Pictures of the area in question taken at least two (2) weeks within the filing of the petition. 7. The actual real and personal property taxes paid by the business organization during the previous five (5) years. B. A written estimate of the market value of the real property improvements after the rehabilitation or redevelopment, and /or a written estimate of the market value of the proposed new manufacturing equipment. 9. The. amount of the deduction claims for the first year of the petitioned deduction. 10. A statement describing the proposed use of the real property and /or use of new manufacturing equipment. 11. A statement indicating the level of employment that will be maintained or the number of new permanent jobs which will be created by the project, and the current number of permanent and part -time jobs. 12. A statement verifying that no building permit has been issued for construction on the property in connection with the improvement in question, and /or a statement verifying that the new manufacturing equipment in question has not been installed. 13. The number and description of the Major Group of the Standard Industrial Classification Manual which the proposed business would meet. 14. Name, address & telephone number of the person to contact regarding public hearing notifications. (c) For those properties located outside of those areas formerly designated by the Common Council as tax.abatement impact areas, and now termed__..econom :c:;_. revitalization areas, the following additional information shall also be provided with the petition: (1)(a) For real property tax abatement petitions, a statement verifying that the area in question has become undesirable for, or impossible of, normal development, and occupancy because of lack of development, cessation of growth, deterioration of improvements or character of occupancy, age, obsolescence, substandard buildings, or other factors which have impaired values and prevent a normal development of the property or property use. (b) For tangible personal property tax abatement petitions a statement verifying that the facility or group of facilities are technologically, economically, or energy obsolete, and that the obsolescence may lead to a decline in employment and tax revenues, and that the tanbible personal property is to be used in the direct production, manufacture, fabrication, assembly, extraction, mining, processing, refining, or finishing of other tangible personal property, or in high technology areas. (2) A statement verifying that the community will retain or increase jobs as a result of this rehabilitation, re- develop- ment or acquisition of new manufacturing equipment, specifying the projected number of new permanent jobs which will be created and the number of jobs which will be maintained. (3) A statement verifying that the community will realize a net increase in South Bend's assessed valuation of real and /or personal property, specifying the approximate amounts over a five (5) year period. -2-