Amending Chapter 2 Entitled Tax Abatement Procrdures

Home Browse Search

ORDINANCE NO. V1 Q Q _ $ 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 Bend recognizes the need to stimulate growth within its corporate limits. It fur- ther recognizes that incentives to locating underutilized or bypassed land is in the City's best interest. The tax abatement procedures developed by the Council in compliance with Indiana Code 6 -1.1 -12.1 require further clarification for effective utilization. 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 conside- ration by filing a the petition with the City Clerk iaeludiRg -the €ellewiRg- iR €ermatiea- Nether with payment of a $50.00 fee to cover administrative-costs. (b) The petition shall be com leted in full the following information for properties located wi (1) the names or names and addresses of the property owners and any other persons intending to lease or having an option to buy such property; (2) the legal description and commonly known address of the property for which tax abatement is being petitioned; (3) a map designating the area in question for consideration; (4) the assessed value of the improvement before rehabilita- tion or redevelopment; (5) pictures of the area in question taken at least two (2) weeks within the filing of the petition; (6) a-statement-veri€ying- that -eR -the- area- in- gnestieR- eendi- tieas- exist- wl�iek- eanaet- be- eerreeteri- by- regnlatery- sreeess, -er -by tie- erdiaary- egeratieas -e €- private- eaterarise ;- Faitkettt- resertiag -te tax- abateraeRt; -er a written estimate of the market value of the real property improvements after rehabilitation or redevelopment; (7) that- the - area- ia- grxestien- has - been- bypassed- er- zdnder- xtil feed- due- te- eeeRemie- eireumstanees- whiek- Dave - deterred- Rermal develepmeat; a statement describing how the public health and welfare neritee b tnis articuiar rehabilitation or r a statement escri ine the propose use: (3) a- staterttent- deseribing -hew- the- pxblie- health- aad-wel €are will- be- bene €ited -by- this -par tieu lar- rehabilitation- er- redevelepEteRt; a statement indicating the number of new permanent jobs which will be create y the pro,7ect; (9) a statement verifying that no building permit has been issued for construction on the property in connection with the improve ment in question. (c) For those ro erties located outside of those areas desig- nated by the Common Council as Tax Abatement Impact Areas, the of ow- ina additional information shall also be or in the petition: