Indiana § 36-7-13-18 Goals or benchmarks for property development or redevelopment

Indiana Statutes

§ 36-7-13-18 — Goals or benchmarks for property development or redevelopment

Indiana·Title 36 LOCAL GOVERNMENT·Art. 7 PLANNING AND DEVELOPMENT·Ch. 13 Industrial Development

(a)As used in this section, "developer" means a person that:

(1)proposes to enter into, or has entered into, a financing agreement with a unit for the development or redevelopment of a facility located in a district; and

(2)has entered into a separate agreement with some other person for the use or operation of the financed facility.

(b)A unit may establish goals or benchmarks concerning the development or redevelopment of property by a developer. The unit may provide that a developer that meets or exceeds the goals or benchmarks shall be paid a specified fee from the industrial development fund.

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(a) As used in this section, "developer"
means a person that:
(1) proposes to enter into, or has entered into, a financing
agreement with a unit for the development or redevelopment of a
facility located in a district; and
(2) has entered into a separate agreement with some other person
for the use or operation of the financed facility.
(b) A unit may establish goals or benchmarks concerning the
development or redevelopment of property by a developer. The unit
may provide that a developer that meets or exceeds the goals or
benchmarks shall be paid a specified fee from the industrial
development fund.

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