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South Bend Tax Abatement Ordinance Overview <br />Procedures and General Standards — Abatement in Tiers <br />South Bend's Abatement Program is a program which awards a base level of <br />abatement for any project that meets certain minimum level development standards. <br />Additional years of abatement may be added to this base for projects involving the <br />development or rehabilitation of commercial real property listed in the following table <br />provided the project fosters certain economic development and other public benefits. <br />Base Abatement <br />Base Abatements may be awarded according to the following schedule: <br />Development <br />Area <br />New <br />Constr. <br />Rehab. <br />Add- <br />On? <br />Base <br />Yrs <br />Multi-Family <br />EDTA <br />$1,000,000 <br />$250,000 <br />Yes <br />3 <br />Single Family <br />City-wide <br />Any <br />n.a. <br />No <br />5 <br />Office <br />CBD <br />15,000 sf <br />5,000 sf <br />Yes <br />3 <br />Office <br />EBDA, TAIA <br />7,500sf <br />5,000 sf <br />Yes <br />3 <br />Retail <br />CBD, EBDA, TAIA <br />Any <br />Any, <br />Yes <br />3 <br />Retail <br />UEZ <br />Any <br />Any <br />Yes <br />3 <br />Mixed Use <br />CBD <br />15,000 sf <br />5,000 sf <br />Yes <br />3 <br />Mixed Use <br />EBDA <br />7,500 sf <br />5,000 sf <br />Yes <br />3 <br />Institutional <br />CBD, EBDA, UEZ <br />Any <br />Any <br />Yes <br />3 <br />Hotel/Motel <br />CBD, EBDA, AEDA <br />20 rooms <br />n.a. <br />Yes <br />3 <br />Industrial <br />City-wide <br />10,000 sf <br />10,000 sf <br />Yes <br />3 <br />Industrial <br />UEZ, RBA <br />Any <br />Any <br />Yes <br />3 <br />Warehouse <br />City-wide <br />25,000 sf <br />25,000 sf <br />Yes <br />3 <br />Warehouse <br />EDTA, UEZ, RBA <br />Any <br />Any <br />Yes <br />3 <br />Personal Property <br />(Equip. & Machine <br />City -wide <br />Any <br />None <br />No <br />5 <br />Definitions of Area Abbreviations <br />Airport Economic Development Area <br />East Bank Development Area <br />Redevelopment Blighted Area <br />Urban Enterprise Zone <br />Additional Base Abatement Criteria <br />Central Business District <br />Economic Development Target Area <br />Tax Abatement Impact Area <br />The project must be perceived to generate a ten -year financial return (in taxes, <br />fees, pmts, community econ & social benefits...) sufficient to justify the <br />City's direct investment in infrastructure support. <br />A Memorandum of Agreement is executed which speaks to: <br />o The conditions of the abatement <br />o The timeframe for actions <br />o An agreement to respond to surveys related to compliance <br />(Rev. 5/13/11) <br />