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9394-03 Amend Chapter 2, Replacing in its entirety Article 6 Entitled Tax Abatement Procedures
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9394-03 Amend Chapter 2, Replacing in its entirety Article 6 Entitled Tax Abatement Procedures
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7/30/2008 4:06:31 PM
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City Council - City Clerk
City Council - Document Type
Ordinances
City Counci - Date
2/10/2003
Ord-Res Number
9394-03
Bill Number
5-03
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and 2-82.1 must agree in writing to work with WDS at all levels for employment positions <br />created. <br />B. Such agreement shall include, but not be limited to, development plans and <br />recruitment of economically disadvantaged candidates. <br />C. WDS shall report to the Council's Community and Economic Development Committee <br />of the Council on a quarterly basis, with the results of its efforts in this area. <br />D. The Office of the City Clerk shall notify WDS of all real property tax abatements <br />granted subject to the WDS requirement addressed in this section by sending them a copy <br />of the form completed by the petitioner. <br />Sec.2-83.3. Reserved <br />DIVISION 9. MISCELLANEOUS REAL PROPERTY TAX ABATEMENT GUIDELINES <br />Sec. 2-84. Council's Authority To Enlarge Real Property Tax Abatement Genera! <br />Standards <br />A. The Council believes that pursuant to the Home Rule authority set forth in I.C. 36-1-3-1 <br />et seq., and the authority granted to it under I.C. 6-1.1-12.1-1 of seq., that it, as the ultimate <br />designating authority, has the authority to declare areas within the City, other Economic <br />Revitalization Areas which do not meet the general standards for real property tax <br />abatement set forth in Sections 2-77 through 2-83.3. <br />B. The Council, therefore, declares that individuals who desire to petition for real property <br />tax abatement which do not meet all of the general standards set forth herein, may do so by <br />filing proper petitions and forms of declaratory and confirmatory resolutions with the Office of <br />the City Clerk. Such forms shall set forth in detail the substantive reasons why they believe <br />that they should be considered for such abatement and declared an Economic Revitalization <br />Area. <br />C. The Council as the Designating Body shall review such matters on aproject-by-project <br />basis. <br />D. The Council shall make specific written findings supporting its determination. <br />E. Real property tax abatement granted under this section shall be limited to the specific <br />number of years determined by the Council to be appropriate under the circumstances. <br />Sec.2-84.1. Reserved <br />DIVISION 10. PERSONAL PROPERTY TAX ABATEMENT <br />Sec. 2-84.2. Tangible Personal Property Tax Abatement <br />A. Generally: The Council believes that the following general standards have a <br />reasonable relationship to the development objectives of promoting the installation of New <br />Manufacturing Equipment in urban development areas within the City's corporate <br />boundaries, and would warrant tax abatement consideration as set forth herein. <br />Tax Abatement Ordinance ~ Page 37 <br />
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