Owners of real property or new manufacturing equipment may petition the Common Council for real or personal property tax abatement and/or for designation of their property as economic development target areas or as economic revitalization areas on the forms required by ordinance. All such applications shall be accompanied by a non-refundable application fee of $100, which fee shall be deposited with the City Controller in the General Fund. However, the fee shall not be collected for applications for tax abatement on residential property which shall contain 1 or more owner-occupied single-family residences or for an application for designation of the property as an economic development target area.
(Prior Code, § 36.04) (Ord. 7571, passed 4-12-1993)