[Adopted 8-23-2001 by Ord. No. MC-3685 (Ch. 510, Art. V, of the 1987 Code)]
A. 
Establishment; membership.
(1) 
The Long-Term Tax Exemption and Abatement Review Committee (the "Committee") is hereby established to review all applications for long-term tax exemption and abatements authorized by N.J.S.A. 40A:20-1 or N.J.S.A. 55:14K-1 et seq. in order to determine and make recommendations to the Administration and City Council as to whether the application should be approved or disapproved.
(2) 
The Committee members shall be selected by the Director of the Department of Planning and Development, or its successor department.
(3) 
The Director of the Department of Planning and Development, or any successor department, shall serve as Chairman of the Committee.
B. 
Filing of applications.
(1) 
Long-term tax exemption and abatement application forms shall be available in the Tax Assessor's office.
(2) 
All completed applications for long-term tax exemption and/or abatement shall be filed with the Tax Assessor. The Tax Assessor shall forward a copy of said application to the office of the City Attorney and to the members of the Committee.
C. 
Committee procedures.
(1) 
The Chairman of the Committee shall convene a meeting of the Committee within seven business days after receiving a complete application. A complete application is one which contains all of the information and attachments requested in the application for long-term tax exemption.
(2) 
The Long-Term Tax Exemption and Abatement Committee shall review and evaluate all applications for long-term tax exemption and abatement.
(3) 
The Committee shall submit a written report to the office of the Mayor and members of City Council outlining the reasons for recommending the approval or disapproval of the application.
A. 
No application for long-term tax exemption and/or abatement shall be accepted for review unless it is accompanied by full payment of the required application fee.
B. 
Such fees shall be in the following amounts:
(1) 
For all projects whose total project cost is less than $1,000,000: $5,000.
(2) 
For all projects whose total project cost is $1,000,000 but not more than $2,500,000: $7,000.
(3) 
For all projects whose total project cost is greater than $2,500,000: $10,000.
C. 
These fees shall fund the establishment and operations of the Long-Term Tax Exemption Committee and other legal and administrative costs associated with the review of the long-term tax exemption application.
D. 
All checks shall be certified and payable to the City of Camden.
E. 
This application fee shall be nonrefundable.