HomeMy Public PortalAbout072-1996 The Collection of an application fee tax abatementsORDINANCE NO. 72-1996
AN APPROPRIATION ORDINANCE AUTHORIZING THE COLLECTION
OF AN APPLICATION FEE IN CONJUNCTION WITH A TAX
ABATEMENT/STATEMENT OF BENEFIT REQUEST, AND THE
SOLICITATION OF DONATIONS IN CONJUNCTION WITH SUCH
REQUESTS
WHEREAS,
Common Council has previously designated eight economic
revitalization areas within the City of Richmond, and
WHEREAS,
I.C. 6-1.1-12.1 requires the Common Council as the designating
entity to approve all Statements of Benefits required to be filed by
property owners applying for deductions in assessed valuations for
the installation of new manufacturing equipment or for the
redevelopment or rehabilitation of real property, and
WHEREAS,
Indiana law allows Common Council to impose an administrative
fee for a property owner who requests an approval of a Statement of
Benefits, which fee may be sufficient to defray the actual processing
and administrative costs for such approval; and
WHEREAS,
Indiana law further allows Common Council to request donations
from property owners who benefit from any deductions in assessed
valuations provided that such request and/or solicitation is made
perfectly clear that it is a voluntary request and has no connection to
any approval or disapproval of the relevant Statement of Benefits;
and
WHEREAS,
Common Council has an interest in using any funds received in
response to the above donation request, as available funds for local
business loans and local infrastructure improvements.
NOW, THEREFORE, be it ordained by the Common Council of the City of Richmond,
Indiana, as follows:
1. Any Property owner apply for an approval of a Statement of Benefits with
Common Council, shall pay to the City of Richmond, an administrative fee of $100.00 for
each new Statement of Benefits form. Such fee shall be placed into the City's General
Fund.
2. The City of Richmond, through its Department of Finance, is hereby authorized to
request on a yearly basis, from any property owner who has received an approved
Statement of Benefits from Common Council and a deduction in assess value for real or
personal property as a result thereof, a donation equal to ten percent (10%) of the amount
of tax abated for such property owner during the course of that year. Such request for a
donation shall make it clear on its face that it is a voluntary request and is not connected to
any approval or disapproval of the Statement of Benefits.
3. All monies received by the City of Richmond in response to the request for
donations shall be used as follows:
(a) Fifty percent (50%) shall be forwarded to the City Revolving Loan Fund Board
for use and application within any fund associated with making City loans to local
business.
(b) Fifty percent (50%) shall be used to establish an infrastructure, non -reverting
fund to be used for local curb and sidewalk improvement program, to be
administered by the Department of Finance.
Passed and adopted this day o 1996, by the Common Council of
the City of Richmond, Indiana.
President
(Geneva Allen)
ATTES ` City Clerk
4(MNNokmj2�si__a Sc roeder)
41,
P ESENTED to the Mayor of the City of Richmond, Indiana, this �z_ day of
1996, at 9:00 a.m.
APPkOVED b ie, Dennis Andrews, Mayor of the City of
day of1996, at 9:05 a.m.
n
ATTESCity CIerk
(Norma chroeder)
City Clerk
this
u- Mayor