(A) Tax phase-in is an economic development incentive to stimulate job growth, payroll and new investment of new and existing businesses in Fort Wayne and Allen County. It is designed to maximize long term tax base and assist these projects where they may otherwise not occur.
(B) The Common Council designates the City of Fort Wayne Community Development Division as the entity for the administration and processing of applications for economic revitalization areas. Those procedures deemed necessary for the orderly application, administration and monitoring of economic revitalization areas shall be developed by the Director of the Department of the Community Development Division, submitted to the finance committee of the Common Council, and approved by the Common Council of the whole. Any ensuing changes to same administrative procedures shall be approved by similar action of the Council.
(C) Fort Wayne Common Council herein formally adopts procedures for the orderly application, administration and monitoring of economic revitalization areas, attached as Exhibit A to Res. R-23-13. Any ensuing changes to the administrative procedures shall be approved by the Common Council.
(Ord. G-05-97, passed 4-8-97; Am. Ord. G- 14-05, passed 7-26-05; Am. Ord. G-16-08, passed 12-9-08; Am. Ord. G-3-13, passed 2- 26-13; Am. Res. R-23-13, passed 2-26-13; Am. Ord. G-8-18, passed 4-24-18)