§ 36-7.5-6-6 — Use of money in the fund

Indiana § 36-7.5-6-6

• Jurisdiction: Indiana
• Title 36: LOCAL GOVERNMENT
• Art. 7.5: NORTHWEST INDIANA REGIONAL
• Ch. 6: Blighted Property Demolition Fund

Text

(a) The development authority shall use the
money in the fund to provide grants to the city of Gary for use in
paying the reasonable and necessary costs associated with demolishing
a qualified property located in the territory of a current or future transit
development district or in the area surrounding the Gary Metro Center,
including:
(1) demolition costs;
(2) permit fees;
(3) abatement of any hazardous materials;
(4) air monitoring at demolition sites;
(5) site grading; or
(6) replacement of damaged sidewalk, including any associated
work.
(b) If the amount of money in the fund is greater than the amount
needed for the purpose described in subsection (a), as determined by
the development authority, the development authority may use money
in the fund:
(1) to provide grants to the city of Gary for paying reasonable and
necessary costs, as described in subsection (a), that are associated
with demolishing a qualified property located in an area that is
contiguous to the territory of a current or future transit
development district; or
(2) for purposes of preliminary planning and design of the Gary
Metro Center station revitalization project.
(c) Money in the fund may not be used for any of the following
purposes:
(1) City administrative costs, including project management.
(2) Property acquisition or redevelopment.

Legislative History

As added by P.L.195-2023, SEC.6.