[Adopted 4-22-2003 by Ord. No. MC 3219 (Ch. 182, Art. I, of the 1981
Revised Code)]
Applicants for tax exemption and abatement for new construction
of commercial or industrial structures or multiple dwellings shall
provide the municipal governing body with an application setting forth
the following.
Projects shall file an application with the Township that shall
include:
A.
A general description of a project for which exemption and abatement
is sought;
B.
A legal description of all real estate necessary for the project;
C.
Plans, drawings and other documents as may be required by the governing
body to demonstrate the structure and design of the project;
D.
A description of the number, classes and type of employees to be
employed at the project site within two years of completion of the
project;
E.
A statement of the reasons for seeking tax exemption and abatement
on the project, and a description of the benefits to be realized by
the applicant if a tax agreement is granted;
F.
Estimates of the cost of completing such project;
G.
A statement showing;
(1)
The real property taxes currently being assessed at the project site;
(2)
Estimated tax payments that would be made annually by the applicant
on the project during the period of the agreement; and
(3)
Estimated tax payments that would be made by the applicant on the
project during the first full year following the termination of the
tax agreement;
H.
If the project is a commercial or industrial structure, a description
of any lease agreements between the applicant and proposed users of
the project, and a history and description of the users' businesses;
I.
If the project is a multiple dwelling, a description of the number
and types of dwelling units to be provided, a description of the common
elements or general common elements, and a statement of the proposed
initial rentals or sales prices of the dwelling units according to
type and of any rental lease or resale restrictions to apply to the
dwellings' units respecting low- or moderate-income housing; and
J.
Such other pertinent information as the governing body may require.
Each project shall be specifically approved by ordinance.
Upon approval by ordinance of the project, a financial agreement
shall be entered into. It shall include:
A.
Findings by the municipality, as approved by the municipal governing
body;
B.
Appropriate tax exemption provisions;
C.
An appropriate annual service charge schedule which shall be based
upon the provisions of relevant statutory authorization; and
D.
The municipality's determinations as to:
(1)
The relative benefits of the project to the redevelopment of the
redevelopment area when compared to the costs, if any, associated
with the tax exemption; and
(2)
An assessment of the importance of the tax exemption to be granted
in obtaining the development of the project and in influencing the
locational decisions of probable occupants of the project or units
of the project.
