§ 36-7-26-15 — Resolution declaring area as district; adoption

Indiana § 36-7-26-15

• Jurisdiction: Indiana
• Title 36: LOCAL GOVERNMENT
• Art. 7: PLANNING AND DEVELOPMENT
• Ch. 26: Economic Development Project Districts

Text

After compilation of the data required by
section 14 of this chapter, the commission may adopt a resolution
declaring the area described under section 14 of this chapter as a
district. The commission may adopt the resolution only after finding
that the completion of the redevelopment and economic development
of the district will do all of the following:
(1) Attract new business enterprises to the district or retain or
expand existing business enterprises in the district.
(2) Benefit the public health and welfare and be of public utility
and benefit.
(3) Protect and increase state and local tax bases or revenues.
(4) Result in a substantial increase in temporary and permanent
employment opportunities and private sector investment within
the district.

Legislative History

As added by P.L.35-1990, SEC.63.