(A) The areas within the city that are zoned Industrial (I-1), and Industrial Reserve (I-2) as shown on the zone map of the Planning Commission of Bedford, and as filed with the County Assessor, shall be eligible to be designated as Economic Development Areas and shall be entitled to qualify for property tax deduction.
(B) A property owner within the designated areas wishing to apply for tax deduction shall file with the County Auditor’s Office the forms prescribed by the State Board of Tax Commissioners, and shall forward a copy of same to the Mayor’s Office, c/o City Hall, 1102 16th Street, Bedford, Indiana, but must have verification for the City Plan Commission that the property is in fact zoned Industrial (I-1) and/or Industrial Reserve (I-2).
(Ord. 10-1984, passed 2-14-84)