§ 36-7-32-15 — Designation as allocation area; remonstrance

(a) Subject to the approval of the legislative
body of the unit that established the redevelopment commission, the
redevelopment commission may adopt a resolution designating a
certified technology park as an allocation area for purposes of the
allocation and distribution of property taxes.
(b) After adoption of the resolution under subsection (a), the
redevelopment commission shall:
(1) publish notice of the adoption and substance of the resolution
in accordance with IC 5-3-1; and
(2) file the following information with each taxing unit that has
authority to levy property taxes in the geographic area where the
certified technology park is located:
(A) A copy of the notice required by subdivision (1).
(B) A statement disclosing the impact of the certified
technology park, including the following:
(i) The estimated economic benefits and costs incurred by the
certified technology park, as measured by increased
employment and anticipated growth of real property assessed
values.
(ii) The anticipated impact on tax revenues of each taxing
unit.
The notice must state the general boundaries of the certified technology
park and must state that written remonstrances may be filed with the
redevelopment commission until the time designated for the hearing.
The notice must also name the place, date, and time when the
redevelopment commission will receive and hear remonstrances and
objections from persons interested in or affected by the proceedings
pertaining to the proposed allocation area and will determine the public
utility and benefit of the proposed allocation area. The commission
shall file the information required by subdivision (2) with the officers
of the taxing unit who are authorized to fix budgets, tax rates, and tax
levies under IC 6-1.1-17-5 at least ten (10) days before the date of the
public hearing. All persons affected in any manner by the hearing,
including all taxpayers within the taxing district of the redevelopment
commission, shall be considered notified of the pendency of the
hearing and of subsequent acts, hearings, adjournments, and orders of
the redevelopment commission affecting the allocation area if the
redevelopment commission gives the notice required by this section.
(c) At the hearing, which may be recessed and reconvened
periodically, the redevelopment commission shall hear all persons
interested in the proceedings and shall consider all written
remonstrances and objections that have been filed. After considering
the evidence presented, the redevelopment commission shall take final
action determining the public utility and benefit of the proposed
allocation area confirming, modifying and confirming, or rescinding
the resolution. The final action taken by the redevelopment commission
shall be recorded and is final and conclusive, except that an appeal may
be taken in the manner prescribed by section 16 of this chapter.
(d) If the redevelopment commission confirms, or modifies and
confirms, the resolution, the redevelopment commission shall file a
copy of the resolution with both the auditor of the county in which the
certified technology park is located and the department of local
government finance, together with any supporting documents that are
relevant to the computation of assessed values in the allocation area,
within thirty (30) days after the date on which the redevelopment
commission takes final action on the resolution.

Legislative History

As added by P.L.192-2002(ss), SEC.187. Amended by P.L.214-2019, SEC.54; P.L.257-2019, SEC.144.