9394-03 Amend Chapter 2, Replacing in its entirety Article 6 Entitled Tax Abatement Procedures

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B. Additionally the petitioner shall file with the Committee its annual report on forms previously sent to it by the Community and Economic Development Department. Such mailing by the Community and Economic Development Department shall be done annually to each such petitioner on or before February 1, by certified mail, and shall provide notice that if the property owner fails to comply, that it may be subject to fines as set forth in this article. Petitioners must return their completed annual report within thirty (30) days from receipt with such date being calculated from the returned receipt mail card date. C. The annual report shall include, but not be limited to, the following information. The name and address of the person(s) filing the report 2. The amount of real and/or personal property taxes paid for the property during the year before the property was declared as an Economic Revitalization Area and during the most recent tax year. 3. The current number of part-time and full-time jobs, specifying whether permanent or temporary, and the number of such jobs as of the end of the year immediately prior to receiving tax abatement. 4. The names of Local Company and/or Minority contractors used during the renovation of the real property and/or installation of New Manufacturing Equipment for which tax abatement was received. 5. The number of Minority persons hired for full-time and part-time jobs, specifying whether such jobs are permanent or temporary, since the completion of the project for which tax abatement was given. D. In addition to the Council's Community and Economic Development Committee being present at said committee meeting to review the petitioner's progress, Workforce Development Services, and members of the Community and Economic Development Department shall be in attendance to question the petitioner. E. The Council's Community and Economic Development Committee shall review the material presented by the petitioner in comparison to the information published by the County Auditor as required by I.C. 6-1.1-12.1-8. F. The Council's Community and Economic Development Committee shall specifically advise each property owner in writing as to whether subsequent appearances before the Committee shall be necessary. If such additional appearances are not required, the property owner shall be duly advised that its future annual reports may be mailed. Failure to mail such completed reports shall result in a fine of two thousand five hundred dollars ($2,500.00) for each such failure to comply. Sec. 2-84.14 Failure Of Petitioner To Comply May Result In Fines Being Imposed Or Termination Of Economic Revitalization Designation And Repayment Of Taxes Previously Abated A. The Council believes that the granting of a request for real and/or personal property tax abatement under the terms and conditions of this article and the Memorandum of Agreement constitutes a contractual arrangement between the Council and the property owner granted abatement. Tax Abatement Ordinance Page 46