Indiana § 36-7-15.1-57 Designation of economic development area

Indiana Statutes

§ 36-7-15.1-57 — Designation of economic development area

Indiana § 36-7-15.1-57

Title 36LOCAL GOVERNMENT

Art. 7PLANNING AND DEVELOPMENT

Ch. 15.1Redevelopment of Areas in Marion County Needing

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Bluebook

Ind. Code § 36-7-15.1-57 (2026).

Text

(a)The commission may, by following the procedures set forth in sections 8, 9, and 10 of this chapter, approve a plan for and determine that a geographic area in the redevelopment district is an economic development area. Designation of an economic development area is subject to judicial review in the manner prescribed in section 11 of this chapter.

(b)The commission may determine that a geographic area is an economic development area if it finds that:

(1)the plan for the economic development area:

(A)promotes significant opportunities for the gainful employment of its citizens;

(B)attracts a major new business enterprise to the unit;

(C)retains or expands a significant business enterprise existing in the boundaries of the unit; or

(D)meets other purposes of this section and section

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(a) The commission may, by following the
procedures set forth in sections 8, 9, and 10 of this chapter, approve a
plan for and determine that a geographic area in the redevelopment
district is an economic development area. Designation of an economic
development area is subject to judicial review in the manner prescribed
in section 11 of this chapter.
(b) The commission may determine that a geographic area is an
economic development area if it finds that:
(1) the plan for the economic development area:
(A) promotes significant opportunities for the gainful
employment of its citizens;
(B) attracts a major new business enterprise to the unit;
(C) retains or expands a significant business enterprise existing
in the boundaries of the unit; or
(D) meets other purposes of this section and sections 28 and 58
of this chapter;
(2) the plan for the economic development area cannot be
achieved by regulatory processes or by the ordinary operation of
private enterprise without resort to the powers allowed under this
section and sections 28 and 58 of this chapter because of:
(A) lack of local public improvement;
(B) existence of improvements or conditions that lower the
value of the land below that of nearby land;
(C) multiple ownership of land; or
(D) other similar conditions;
(3) the public health and welfare will be benefited by
accomplishment of the plan for the economic development area;
(4) the accomplishment of the plan for the economic development
area will be of public utility and benefit as measured by:
(A) attraction or retention of permanent jobs;
(B) increase in the property tax base;
(C) improved diversity of the economic base; or
(D) other similar public benefits; and
(5) the plan for the economic development area conforms to the
comprehensive plan of development for the county.
(c) The determination that a geographic area is an economic
development area must be approved by the excluded city legislative
body. The approval may be given either before or after judicial review
is requested. The requirement that the excluded city legislative body
approve economic development areas does not prevent the commission
from amending the plan for the economic development area.