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Office, the date when the Council will receive and hear all remonstrances and objections <br />from interested persons; and any other information required by I.C. 6-1.1-12.1-2.5. <br />Sec. 2-84.12. Confirmatory Resolution <br />A. Following the legal publication and on the date published in the legal notice, a public <br />hearing on the confirmatory resolution shall be held by the Council. The petitioner and/or its <br />representative shall be present and shall be required to present evidence why it believes the <br />tax abatement requested should be granted, at which time the Council shall receive and <br />hear all remonstrances and objections from interested persons pertaining to the petition. At <br />the public hearing, the Council shall determine whether the petition complies with this article <br />and with I.C. 6-1.1-12.1, et seq., and shall consider all pertinent requirements for Economic <br />Revitalization Areas prior to taking final action determining whether the petition meets <br />qualifications for an Economic Revitalization Area and confirming, modifying and confirming, <br />or rescinding the declaratory resolution. The determination of Council is final except that an <br />appeal may be taken and heard as provided by I.C. 6-1.1-12.1-2.5(d) and (e). <br />B. The Council must make a determination as to whether the deductions shall be allowed <br />and made specific findings pursuant to I.C. 6-1.1-12.1-3. The Council must further comply <br />with I.C. 6-1.1-12.1-4.5 and make specific finding thereto when considering personal <br />property tax abatement requests. <br />C. In declaring an area an Economic Revitalization Area, the Designating Body may: <br />1. Limit the time period to a certain number of calendar years during which the area <br />shall be so designated;2. Limit the type of deductions that will be allowed within <br />the Economic Revitalization Area to either the deduction allowed under I.C. 6- <br />1.1-12.1-3, or the deduction allowed under I.C. 6-1.1-12.1-4.5; <br />3. Limit the dollar amount of the deduction that will be allowed with respect to New <br />Manufacturing Equipment if a deduction had not been filed before July 1, 1987, <br />for that equipment; <br />4. Limit the dollar amount of the deduction that will be allowed with respect to <br />Redevelopment and Rehabilitation occurring in areas that are designated as <br />Economic Revitalization Areas on or after September 1, 1988; or <br />5. Impose reasonable conditions related to the purpose of state law or to the <br />general standards adopted herein for allowing the deduction for the <br />Redevelopment or Rehabilitation of the property or the installation of the New <br />Manufacturing Equipment. <br />D. To exercise one (1) or more of the above-described powers, the Council must include <br />this fact in the resolutions adopted. <br />Sec. 2-84.13. Annual Review Of Petitions By Council <br />A. All property owners who receive approval of their real and/or personal property tax <br />abatement requests as a result of the Council's action under this article, shall be required to <br />appear before the Council's Community and Economic Development Committee. Such <br />appearances shall take place at a committee meeting following the petitioner's filing of the <br />first Certified declaration application with the County Auditor, required by the State Board of <br />Tax Commissioners pursuant to I.C. 6-1.1-12.1-5. <br />Tax Abatement Ordinance ~ Page 45 <br />