Amending Chapter 2 Entitled Tax Abatement

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ORDINANCE 2130. 6763-80 AN ORDINANCE A'lENDING CHAPTER 2 OF THE MUNICIPAL CODE OF THE CITY OF SOUTH BEND, INDIANA, BY THE INCLUSION OF NEW ARTICLE 6 ENTITLED TAX ABATEMENT STATEMENT OF PURPOSE AND INTENT The Common Council of the City of South Bend recognizes the need to stimulate growth within its corporate limits. The Council further recognizes that incentives to locate in underutilized or bypassed land would be in the City's best interest. Therefore, as a means of creating a mechanism for filing tax abatement petitions with.the City, the following bill is introduced. NOW, THEREFORE, BE IT ORDAINED by the Common Council for 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 read in its entirety as follows: ARTICLE 6. Tax Abatement Procedures. 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 a petition with the City Clerk including the following information: (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 rehabilitation or redevelopment; (5) pictures of the area in question taken at least two (2) weeks within the filing of the petition; (6) a statement verifying that on the area in question conditions exist which cannot be corrected by regulatory process, or by the ordinary operations of private enterprise, without resorting to tax abatement; or (7) that the area in question has been bypassed or underutilized due to economic circumstances which have deterred normal development; (8) a statement describing how the public health and welfare will be benefited by this particular rehabilitation or redevelopment; (9) a statement verifying that the undesirable for or impossible for normal a cessation of growth, deterioration of occupancy, age, obsolesence, substandard which have impaired values and prevent a property or property use; area in question has become development, has experienced improvements or character of buildings, and other factors normal development of the