In order to minimize the loss of tax revenues, only the minimum incentive possible to bring about the investment shall be offered. (State law permits up to seventy-five percent (75%) incentive of real and personal property taxes for a period up to ten years in unincorporated areas and up to one hundred percent (100%) incentive in municipalities. The maximum allowable incentive in amount and duration shall only be offered when absolutely necessary to bring about the investment.)
(Ord. 101-90. Passed 11-5-90.)