Property owners receiving tax abatement must annually file all documents as required by Indiana law, including the compliance with statement of benefits form (CF-1). These forms shall be reviewed by the city to determine compliance, and if the property owner is not in compliance, the Council may act to rescind the remaining term of abatement and enforce penalties for paying back previously granted tax abatement as allowed by state law or by any agreement between the city and property owner.
(Ord. 2012-07, passed 2-9-2012)