(A) All applications shall be filed with the Department of Development, signed by the applicant, and shall contain all applicable information required by the application, together with a filing fee as follows:
$50 for construction or rehabilitation of projects where the construction or rehabilitation cost is $25,000 or less;
$150 for projects where the construction or rehabilitation cost is more than $25,000 but not more than $75,000;
$300 for projects where the construction or rehabilitation cost is more than $75,000 but not more than $500,000;
$500 for projects where the construction or rehabilitation cost is more than $500,000.
(B) Upon receipt of an application for the designation of an urban development area, the Department of Development shall review the application and the proposed rehabilitation or redevelopment projects with regards to:
(1) Compliance with statutory criteria.
(2) Furtherance of city developmental objective.
(3) Creation of employment opportunities.
(4) Effective utilization of by-passed or underutilized land.
(5) Rehabilitation or replacement of obsolete or deteriorated structures.
(6) Preservation of historic structures.
(7) Expansion of property tax base.
(8) Efficient utilization and conservation of energy.
(9) Conservation and stabilization of viable residential areas.
(10) Stabilization of property values.
(11) Past performance of petitioners business operation including policies, practices, viability and credibility.
(C) Upon completion of its review, the Department of Development shall forward copies of the application, with all supporting data, to each of the following:
(1) Kokomo-Howard County Planning Commission.
(2) City Controller.
(3) Legal Department.
(4) Mayor's Office.
(5) Members of the City Council.
(D) Each department will review the application for the following information:
(1) Planning Department - consider conformity of the proposed rehabilitation or redevelopment project to the Master Plan.
(2) Controller - preparation of a financial impact study projecting amount of projected property tax abatement and the cost of provision of city services and facilities for the area to be rehabilitated or redeveloped.
(3) Legal Department - preparation of all necessary resolutions and public notices.
(4) Mayor's Office - overall comment, distribution to any other city department which the Mayor deems necessary and presentation to the City Council of all comments from the department heads and written response by citizens.
(E) Within 30 days following the completion of the review process, the Mayor's office will forward all information including the responses, reviews, applications, and resolution to the City Council.
(F) Immediately preceding the next regularly scheduled meeting of the Council, a public hearing will be held wherein the Council shall receive and hear remonstrances and objections from persons interested in or affected by said proceedings. The Council shall then consider the resolution at the regularly scheduled meeting.
(G) All other procedures for filing for tax abatement shall be consistent with IC 6-1.1-12.1-1 through 6-1.1-12.1-6, as it may be amended from time to time.
(Ord. 5036, passed 1-26-81; Am. Ord. 6073, passed 12-8-97)