Laserfiche WebLink
612, IIIIIIJ ON <br />a. Zero (0) throujzh three hundred ninety -nine (399) public benefit points earns <br />consideration of zero (0) additional years of abatement; <br />b. Four hundred (400) through four hundred ninety -nine (449) public benefit <br />points earns consideration of one (1) additional year of abatement; <br />c. Five hundred (500) through five hundred ninety -nine (599)_ public benefit <br />points earns consideration of two (2) additional years of abatement; <br />d. Six hundred 600 throu six hundred ninety-nine 699 public benefit <br />Dints earns consideration of three 3 additional years of abatement; <br />e. Seven hundred (700) through seven hundred ninety -nine (799) public <br />benefit points earns consideration of four (4) additional years of abatement; <br />f. Eight hundred (800) through eight hundred ninety -nine (899) p_ublc_benefit <br />points earns consideration of five (5) additional years of abatement;_ <br />g_. Nine hundred (900 through nine hundred ninety -nine (999) public benefit <br />Dints earns consideration of six 6 additional years of abatement; <br />h. Three Hundred ninety -four (394) Sec. 2- 84.14. Failure of petitioner to comply may <br />result in fines being imposed or termination of economic revitalization designation and <br />repayment of taxes previously abated.* <br />*Note: IC 6 -10,1- 12.1 -5 -9, Version b provides in part that if the Common Council "determines <br />that the property owner has not substantially complied with the statement of benefits and that the <br />failure to substantially comply was not caused by factors beyond the control of the property <br />owner" (such as declines in demand for the property owner's products or services) the Council <br />shall hold a hearing after proper notice has been given, with the Council determining whether the <br />property owner has "made reasonable efforts to substantially comply with the statement of <br />benefits and whether any failure to substantially comply was caused by factors beyond the <br />control of the property owner ". <br />(a) The Council believes that the granting of a request for real and/or personal property tax <br />abatement under the terms and conditions of this article and the memorandum of agreement <br />17 <br />