Amending Chapter 2 Entitled Tax Abatement Procrdures

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{9} (1) a statement verifying that the area in question has become undesirable for or impossible for 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; (2) a statement verifying that the community will realize a significant net increase in jobs as a result o this rehabilitation or redevelopment: (3) a statement verifying that the community will realize a net increase in South Bend's assessed valuation of Real Property. {} 9}-- a- statexteat- eeri€ yiag- tkat- tke- gre�eet- wex }d- aet- eeettr taitkia- tke- 6ity- witkettE- tax- abateateat; -aad {} } }-- a- etatemeat- iadieatiag -tke- amber - a €- aew- gerataaeat -�ebe whiek- wi}} -be- ereated -by- the- pre,jeet- Sec. 2 -77. Referral of Petition; Adoption of Declaratory Resolution. (a) Upon the filing of a petition pursuant to Section 2 -76, the same shall be referred to the Redevelopment Commission for pur- poses of investigation and preparation of a report determining whether the area qualifies as an urban development area under Indiana Code 6 -1.1- 12.1 -1, and the preparation of such other information as con- tained in Indiana Code 18- 7 -7 -12. 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 for review and recommendation to the Common Council. (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- 12.1-1. The Council upon accepting the report and recommendation of the Committee recommending designation of the area as an urban development area may adopt a declaratory resolution including the general boundaries of the area to be designated an urban development area. Upon adoption of the declaratory 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 -14, said publication providing notice of the public hearing before the Coun- cil 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 €rom- persor�rnterestec� ire- o�- of €eeted- by- tke- proeeec}irrgs pertaining to the proposed project and- the- 6exaei}- will - determine- the- pxklie- utility- and- beae €it- a € -tke prejeet. la- ffiakixg- sxek- deter�iaatieas;- tke- Eenaei }- tai } }- eeasider the- €e }}ewiag- eriteria- At the public hearing the Council will: (1) Determine te public ut pro perties to be considehred that are Areas; or Determine the and benefit jic utllit and benefit of those e not wit in the designate Ta - 2 -