(A) Written applications for designation of an Economic Revitalization Area and/or applications for tax abatement within such designated areas under this subchapter shall be signed by the applicant and shall be filed with the Town Council on forms prescribed by the state Board of Tax Commissioners and/or the Town Council and shall be accompanied by the payment of the filing fee required under division (D) of this section.
(B) Upon application being filed, the application and any supporting exhibits shall be reviewed by the Town Council as to:
(1) Compliance with statutory requirements and criteria;
(2) Furtherance of the county's developmental goals;
(3) Employment creation and/or retention;
(4) Expansion and/or preservation of the county property tax base;
(5) Efficient utilization and conservation of energy; and
(6) The impact upon property values.
(C) (1) Applications for abatement shall be submitted with a non-refundable application fee as follows:
Cost of Improvements or Equipment | Filing Fee |
Up to $25,000 | $250 |
$25,001 to $50,000 | $350 |
$50,001 to $75,000 | $450 |
$75,001 to $100,000 | $550 |
Over $100,000: | 15/100 of 1% (.0015) of the cost of the improvement or equipment to a maximum of $10,000 |
(2) The fees collected shall be used to defray the expense of publishing required notices, defraying administrative expenses, and the expenses of the Town Council and staff for reviewing and evaluating the applications made.
(D) After review by the Town Council, and after review and approval by the attorney for the town as to proper legal form, the application shall be forwarded to the town Planning Department to be placed upon the Town Council's agenda.
(E) Not less than ten days prior to the date set for hearing on the application by the Town Council, the applicant shall provide a statement of benefits, which statement shall be made on forms prescribed by the state Board of Tax Commissioners and/or the Town Council.
(Ord. 1994-01, passed 2-15-94)