1989-11-13 Regular Meeting - Laserfiche WebLink

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e e ~ designated representative of any affected jurisciction opportunity to show cause why the abatement should or should not be granted. Notice of the public hearing shall be clearly icJentifie:d on a (governing bodv) agenda to be posted at least 30 days prior to the hearing. (d) The (governing bodv) , not more than 60 days after receipt of the application, shall by resolution either approve or disapprove the application for tax abatement. The (presiding officer) shall notify the applicant of approval or disapproval. If disapproved a (member of the qoverning body) may request a second review, in which case a new application and hearing shall be required. (e) The (aoverninq body) shall not establish a reinvestment zone for the purpose of abatement if it finds that the request for the abatement was fil~d after the commencement of construction, alteration,' or installation of improvements related to a proposed modernization, expansion or new facility. ) ( f) Variance. Requests for variance from the provisions of Section 2 may be made in written form to a designated member of (ooverning "bodv). Such request shall include all the items listed in Se'ction 3 (b) above, together with a complete description of the circuIT-stances which prompt the applicant to request a variance. The approval process for a variance shall be identical to that for a standard application and ffiay be supplemented by such additional requirements as may be deemed necessary by the designated member of (aoverning body). . PUBLIC HEARING Section 4. (a) Should any affected jurisdiction be able to show cause in the public hearing why the granting of abatement wiil-have a substantial adverse affect on its bonds, tax revenue; service capacity or the provision of service, that showing shall be .reason for the (aoverninq body) to deny any designation of the reinvestment zone, the granting of abatement, or both. (b) Neither a reinvestment zone nor abatement agreement shall be authorized if it is determined that: .I (1) there would be a substantial adverse affect on the provision of government service or tax base; (2) the applicant has insufficient financial capacity; (3) planned or potential use of the property would constitute a hazard to public safety, health or morals; or, (4) violation of other codes or laws. - 6 -