(A) The original completed application and other forms required by the city shall be submitted to the Huntingburg Clerk-Treasurer. This information shall be forwarded to the Economic Development Commission for review and to make written recommendations to the Common Council of the city. The Economic Development Commission shall indicate 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 Indiana law, and after following the procedures set forth in Exhibit “A” attached to the ordinance codified herein.
(B) The Common Council of the City shall consider the application and recommendation and make the determination as to whether or not to grant economic revitalization area status in accordance with I.C. 6-1.1-12.1 and amounts of tax abatement in accordance with Exhibit “A” attached to the ordinance codified herein.
(C) Pursuant to I.C. 6-1.1-12.1-17, the Common Council of the city hereby adopts as a guideline the alternative abatement schedule set forth in Exhibit “A” attached to the ordinance codified herein, 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. However, the city reserves the right in their discretion to use the abatement schedules set forth in I.C. 6-1.1-12.4, I.C. 6-1.1-12.1-4.1 and I.C. 6-1.1-12.1-4.5 in lieu of the alternative schedules set forth in Exhibit “A” attached to the ordinance codified herein.
(Ord. 2012-07, passed 2-9-2012)