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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 abatement for any project <br />that meets certain base level development standards. Additional years of abatement may be added to this <br />base, providing 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 Const. <br />Rehab. <br />Add -On? <br />Base Yrs <br />Multi- Family <br />Citywide <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 />7.500 sf <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 <br />Ycs <br />3 <br />Warehouse <br />EDTA, UEZ, RBA <br />Any <br />Any <br />Yes <br />3 <br />Manuf. Machinery <br />(Personal Property) <br />City Wide <br />Any <br />None I <br />No <br />5 <br />Definitions of Area Abbreviations <br />Airport Economic Development Area <br />East Bank Development Area <br />Redevelopment Blighted Areas <br />Urban Enterprise Zone <br />Additional Base Abatement Criteria <br />Central Business District <br />Economic Development Target Areas <br />Tax Abatement Impact Area <br />The project must be perceived to generate a ten -year financial return (in taxes, fees, pmts, community <br />econ & social benefits...) sufficient to justify the City's direct investment in infrastructure support. <br />A Memorandom of Agreement is executed which speaks to: <br />o The conditions of the abatement ierles 01�iCe <br />o The timeframe for actions FtIC lit <br />o An agreement to respond to surveys related to compliance 4 20�� <br />o An agreement grant access related to compliance inspections ��G <br />o Any events that might cause termination or payback actions <br />The applicant must be current in their taxes. Inn VOOROI� <br />C►T,� ., BcN7 <br />There must be no pattern of local, state or federal law or regulatory violations <br />