(A) Applications for tax deferral incentives on real property. Applications for tax deferral incentives as set forth in §§ 123.08 and 123.09 of this chapter for a project consisting of eligible improvements must be submitted to the Economic and Community Development Office prior to the project’s application for a building permit. Such application shall be reviewed by a committee composed of the Mayor; the Economic and Community Development Director, the Finance Director; the Assessor; the Tax Collector; the chair of the Economic Development Commission (EDC); a member of the Economic Development Commission who shall be appointed by the chair of the Economic Development Commission; and two members (one Democrat and one Republican) of the Legislative Council who shall be appointed by the Legislative Council President. The committee will review and initially determine an applicant’s eligibility based on the evaluation criteria as set below in § 123.05; negotiate and provide tentative incentive offers to such applicants; and provide a letter of intent outlining the town’s incentive offer to the applicant. The letter will state that final approval of the terms is contingent on EDC and Legislative Council approval as well as the execution of a formal legal agreement. The Legislative Council shall give final approval to the agreement and authorize its execution.
(B) Applications for tax deferral incentives on personal property. Applications for tax deferral incentives as set forth in § 123.10 of this chapter on personal property shall be submitted to the Economic and Community Development Office. Such applications shall be reviewed and processed as set forth above in division (A) of this section and in accordance with the criteria as set forth below in § 123.05.
(C) Applications for contaminated sites tax incentives. Applications for tax incentives on contaminated sites as set forth in § 123.11 of this chapter shall be submitted to the Economic and Community Development Office. Such applications shall be reviewed and processed as set forth in division (A) of this section in accordance with the criteria as set forth below in § 123.05.
(D) Local building permit fee waivers. Applications for local building permit waivers as set forth in § 123.13 of this chapter shall be submitted to the Economic and Community Development Office. Such applications shall be reviewed and processed as set forth below in division (A) of this section in accordance with the criteria set forth below in § 123.05. If approved, the Building Official shall waive local building permit fees in accordance with § 123.13.
(Ord. 428, passed 12-4-00; Am. Ord. 446, passed 10-1-01; Am. Ord. 510, passed 2-7-05; Am. Ord. 562, passed 7-7-08; Am. Ord. 613, passed 1-3-12; Am. Ord. 654, passed 1-5-15)