(A) The county shall prepare printed forms, and require all applicants applying for designation/abatement to complete and submit such forms. Applicants shall submit separate forms for real property abatement and personal property abatement.
(B) The applications shall include, but not be limited to, the following information: description of the real estate; proposed use of the real estate; proposed type and costs of redevelopment, rehabilitation, and/or new manufacturing equipment, and/or research and development equipment; and description of the proposed operation and number of jobs to be created, wages for jobs to be created, and the projected date of completion for the proposed improvements.
(C) The original completed application, fee, and other forms required by the county, shall be submitted to the County Auditor. Said information shall be forwarded to a committee composed of the County Auditor, or a representative, two representatives of the County Council, and a representative of the County Board of Commissioners, and the County Assessor, or a representative, for review and to make written recommendations to the County Council regarding the desirability of designating the area described in the application as an Economic Revitalization Area, and may recommend the period of time during which the area shall be so designated and the type of abatement/incentives that should be allowed, in accordance with I.C. 6-1.1-12.1 and any other state law, and after following the procedures set forth in divisions (E) and (F) below. The committee designated above may consult with such other individuals or entities as members of the committee determine advisable in review of the application to provide information necessary, in the sole opinion of the committee, to form a recommendation regarding the effect of granting the application. The County Council shall consider the application and recommendation, and make the determination as to whether or not to grant the Economic Revitalization Area status in accordance with I.C. 6-1.1-12.1 and amounts of tax abatement in accordance with § 35.23(C).
(D) Pursuant to I.C. 6-1.1-12.1-17, the County Council hereby adopts, as a guideline, the alternative abatement schedule set forth in § 35.23(G) and (H), which considers the total amount of the applicant’s investment in real and personal property, the number of new full-time equivalent jobs created, the average wage of the new employees compared to the state minimum wage, and the infrastructure requirements for the applicant’s investment.
(E) The applicant must provide reasons why the project site qualifies as an Economic Revitalization Area as defined under state law; for example, lack of development, cessation of growth, deterioration of improvements or character of occupancy, age, obsolescence, substandard buildings, or other factors that have impaired values or prevent a normal development of property or use of property.
(F) The application shall include information as to the total amount of investment to be made in real and personal property, the number of new full-time equivalent jobs being created, the average wage of the new employees compared to the state minimum wage, and the infrastructure requirements for the taxpayer’s investment.
(Council Ord. 2017-02, passed 10-22-2018)