Chapter 3.12 ECONOMIC REVITALIZATION AREAS
Section 3.12.080 Application contents--Existing economic revitalization area.
3.12.080 Application contentsExisting economic revitalization area.
Any applicant seeking approval of a statement of benefits form
for real property improvement or
personal property within an existing economic revitalization area shall submit the following
information:
A. A statement that the real property
or location where the new manufacturing equipment will
be installed is in an economic revitalization area;
B. The titled landowner of the property
involved;
C. A legal description of the titled
property involved and the commonly known address of the
real property or the legal description and commonly known address of the facility at which the new
manufacturing equipment for which tangible personal property tax abatement is being petitioned
will be located;
D. A statement that all taxes are current
and paid with regard to said titled property;
E. A complete statement of benefits form;
F. An executed agreement that said applicant
will participate and cooperate with the city
and/or its designated agencies and the common council, for purposes of an annual review required
by Indiana Code, 6-1.112.1-5.1 (real property deduction), or Indiana Code, 6-1.112.1-5.6(b)
(new manufacturing equipment deduction);
G. If the business organization is publicly
held, the name of the corporate parent and the name
under which the corporation is filed with the Securities Exchange Commission;
H. A map and/or plat describing the area
where tax abatement is being requested;
I. The current assessed valuation of
the real property improvement before rehabilitation,
redevelopment, economic revitalization or improvement; or the current assessed valuation of the
tangible personal property to be replaced by new manufacturing equipment;
J. The real and personal property taxes
paid at the location during the previous five years,
whether paid by the current owner or a previous owner;
K. A description of the proposed project
(whether rehabilitation, new construction or
installation of new manufacturing equipment), including information about physical improvements
to be made or the new manufacturing equipment to be installed, an estimate of the cost of the
project, the amount of land to be used, the proposed use of the improvements, and a general
statement as to the value of the project to the business;
L. An estimate of the number of full
and part-time jobs to be created by the project within one
year, a statement of the current number of permanent and part-time jobs at the location and the
impact on those current jobs to be caused by the project, the projected annual salaries for such
positions to be created;
M. A statement that no building permit
has been issued for construction on the property for
the improvement proposed or verification that the new manufacturing equipment has not been
purchased, leased or installed;
N. Model numbers or purchase orders of
the new manufacturing equipment, if available;
O. The name, address and telephone number
of the person or contract regarding notice of
council meetings and public hearings concerning the petition. (Ord. 92-7 § 4, 1992)