Amending Chapter 2 Entitled Tax Abatement Procedures

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(c) For those properties located outside of those areas designated by the Common Council as Tax Abatement Impact Areas, the following additional in- formation shall also be provided in the petition: (1)(a) for Real Property Tax Abatement Petitions, a statement verifying that the area in question has become undesirable for or impossible €er of normal development, has experienced a cessation of growth, deterioration of improvements or character of occupancy, age, obsolescence, substandard buildings, and 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 s ment verifyino that the facilitv or orouo of facilities are technolooica ne in W7 sona e persona sing, rerinino. or rinisnino or otner tangiDie (2) a statement verifying that the community will rea ;4se- a- s49p4 €4eant -pet 4perease -4p retain or increase jobs as a result of this rehabilitation, ex rede- velopment or acquisition of new manufacturing equipment; (3) a statement verifying that the community will realize a net increase in South Bend's assessed valuation of Real and /or Personal Property. Sec. 2 -77. Referral of Petition; Adoption of Declaratory Resolution. (a) ripen tThe filing of a petition pursoapt4e with the Redevelopment Com- mission is for the purposes of investigation and preparation of a report deter- mining whether the area qualifies as a urban development area under Indiana Code 6 -1.1 -12.1, and the preparation of such other information as contained in Indiana Code 48- 7 -7 -42 36- 7- 14 -15. Within thirty (30) days, the Redevelopment Commission shall submit the report of its investigation and finding to the Human Resources and Economic Development Committee of the Common Council €er-rev4ew- and- reeea+raepda- t4ep- te- the- 6eraraep- 6edpe44. (b) The Human Resources and Economic Development Committee of the Council, after examination and review of said report, shall submit its recommendation to the Common Council as to whether the area qualifies as an urban development area under Indiana Code 6 -1.1 -12.1. The Council upon accepting the report and recom- mendation of the Committee recommending designation of the area as an urban develop- ment area may adopt a declaratory resolution including the general boundaries of the area to be designated an urban development area. Upon adoption of the declara- tory resolution by the Council, said resolution, together with supporting data, shall be submitted to the Area Plan Commission. Within thirty (30) days, the Area Plan Commission shall send its written order approving or disapproving the declaratory resolution to the Council. (c) Upon receipt of the report of the Area Plan Commission, the City Clerk shall cause notice of the adoption of the declaratory resolution to be published pursuant to Indiana Code 18- 7 -7 - ;4 36- 7- 14 -17, said publication providing notice of the public hearing before the Council to be held not less than ten (10) days after the date of such last publication. (d) At the public hearing on the declaratory resolution, the Council will hear remonstrances and objections pertaining to the proposed project. At the pub- lic hearing the Council will: (1) Determine the public utility and benefit of those properties to be considered that are within the Tax Abatement Impact Areas; or (2) Determine the public utility and benefit of those properties to be considered that are not within the designated Tax Abatement Impact Areas in accordance with but not limited to the following criteria: {a} -- Whether - the- prejeet- w4} }- prev4de- new- perrmapept -jobs; �b4 (a) For Real Property Tax Abatement petitions, Wwhether there is compliance with the statutory growth "undesirable for normal development" criterion,; - 2 - 1.11.82