§ 36-7-15.2-10 — Resolution; consideration of adoption; findings

Indiana § 36-7-15.2-10

• Jurisdiction: Indiana
• Title 36: LOCAL GOVERNMENT
• Art. 7: PLANNING AND DEVELOPMENT
• Ch. 15.2: Economic Development Project Districts in Marion

Text

(a) After compilation of the data required
by section 9 of this chapter, the commission shall consider adopting a
resolution declaring the area described under section 9 of this chapter
a district under this chapter. The commission may adopt the resolution
only after making the following findings:
(1) That the district is entirely within a redevelopment district and
has been previously designated as a redevelopment project area
under IC 36-7-15.1 or that the district is being so designated
concurrently with the adoption of the resolution.
(2) That the completion of the redevelopment and economic
development of the district will do all of the following:
(A) Attract new business enterprises to the district or retain or
expand existing business enterprises in the district.
(B) Benefit the public health and welfare and be of public
utility and benefit.
(C) Protect and increase state and local tax bases or revenues.
(D) Result in a substantial increase in temporary and permanent
employment opportunities and private sector investment within
the district.
(b) The commission may not adopt the resolution described in
subsection (a) after January 1, 1989.

Legislative History

As added by P.L.84-1987, SEC.13. Amended by P.L.5-1988, SEC.218; P.L.2-1989, SEC.40; P.L.185-2005, SEC.48.