Amending Chapter 2 Entitled Tax Abatement Procedures

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BILL NO. 143 -81 ORDINANCE N0. /7 -AQ AN ORDINANCE AMENDING CHAPTER 2, ARTICLE 6 OF THE MUNICIPAL CODE OF THE CITY OF SOUTH BEND, ENTITLED TAX ABATEMENT PROCEDURES STATEMENT OF PURPOSE AND INTENT: The Common Council of the City of South late growth within its corporate limits. It to locating investment upon underutilized or interest. The tax abatement procedures deve with Indiana Code 6 -1.1 -12.1 require further tion. Bend recognizes the need to stimu- further recognizes that incentives bypassed land is in the City's best loped by the Council in compliance clarification for effective utiliza- NOW, THEREFORE, BE IT ORDAINED by the Common Council of the City of South Bend, Indiana as follows: SECTION I. Chapter 2, Article 6 of the Municipal Code of the City of South Bend, Indiana, shall be amended as follows: Sec. 2 -76. Tax Abatement Petition Required. (a) The owner or owners of property which is located within the City shall petition the Common Council for tax abatement consideration by filing the petition with the City Clerk together with payment of a $50.00 fee to cover administrative costs. (b) The petition shall be completed in full and shall include the following information for properties located within the Tax Abatement Impact Areas: (1) the names or names and addresses of the property owners and any other persons leasing, intending to lease or having an option to buy such property; (2) the for which real descriDtion ar C legal description and commonly known address of the real property property tax abatement is being petitioned;, and /or the legal G e (3) a map designating the area in question for consideration; (4) the assessed value of the real property improvement before rehabilita- tion or redevelopment, and /or the assessed value of the tangible personal proper in use at said property before the acquisition of new manufacturinq equipment; (5) pictures of the area in question taken at least two (2) weeks within the filing of the petition; (6) a written estimate of the market value of the real property improve- ments after the rehabilitation or redevelopment, and /or a written estimate of market value of the proposed new manufacturinq equipment. (7) a statement describing how the public health and welfare will be bene- fited by this particular rehabilitation, redevelopment, or acquisition of new manu- facturing equipment, including a statement describing the proposed use; (8) 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; (9) a statement verifying that no building permit has been issued for con- struction on the property in connection with the improvement in question,and /or a statement verifyinc that the new manufacturing equipment in question has not �� « ,, a 1.11.82