Indiana § 36-7-25-5 Project agreements; procedures

Indiana Statutes

§ 36-7-25-5 — Project agreements; procedures

Indiana § 36-7-25-5

Title 36LOCAL GOVERNMENT

Art. 7PLANNING AND DEVELOPMENT

Ch. 25Additional Powers of Redevelopment Commissions

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Bluebook

Ind. Code § 36-7-25-5 (2026).

Text

A commission may enter into a project
agreement with a developer that has been selected as the successful
bidder after following the procedures set forth in IC 36-7-14-22, IC 36-7-15.1-15, or IC 36-7-15.1-44 regarding dispositions of property or
interests. Any project agreement must be approved by resolution of the
commission. The project agreement may contain terms and provisions
for development of projects in a redevelopment or economic
development area that are negotiated with the developer in the
discretion of the commission, including the type and character of
consideration for the disposition, conditions and covenants as to future
actions of the commission and the developer, and the obligation of the
commission to exercise any of the commission's powers under IC 36-7-14, IC 36-7-15.1

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A commission may enter into a project
agreement with a developer that has been selected as the successful
bidder after following the procedures set forth in IC 36-7-14-22, IC 36-7-15.1-15, or IC 36-7-15.1-44 regarding dispositions of property or
interests. Any project agreement must be approved by resolution of the
commission. The project agreement may contain terms and provisions
for development of projects in a redevelopment or economic
development area that are negotiated with the developer in the
discretion of the commission, including the type and character of
consideration for the disposition, conditions and covenants as to future
actions of the commission and the developer, and the obligation of the
commission to exercise any of the commission's powers under IC 36-7-14, IC 36-7-15.1, this chapter, or any other applicable law.