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The Plan Commission is designated as the agency of the county which shall receive all applications from person, firms, organizations, or corporations requesting that certain real estate be designated as an Economic Revitalization Area.
(Prior Code, § 110.180) (Ord. 83-1, passed 6-20-1983)
Statutory reference:
Sets forth deductions for personal property tax abatements, see I.C. 6-1.1-12.1-4.5
Sets forth deductions for real property, see I.C. 6-1.1-12.1-4
(A) The fees to be paid by the applicants on the real estate to be designated as an Economic Revitalization Area shall be paid to the County Auditor, and shall thereafter remain the property of the county.
(B) The fees are as follows:
Fee | Value of Proposed Improvements |
$500 | $0 to $25,000 |
$150 | $25,001 to $75,000 |
$300 | $75,001 to $500,000 |
$500 | $500,001 and over |
(Prior Code, § 110.181) (Ord. 83-1, passed 6-20-1983)
The Plan Commission shall prepare printed forms and require all applicants applying for designation of real estate as an Economic Revitalization Area to use such forms in making application for the designation. At a minimum, the Plan Commission shall consider the following items in preparing the printed forms: proposed use of real estate; proposed type and cost of buildings and equipment; and employment impact.
(Prior Code, § 110.182) (Ord. 83-1, passed 6-20-1983)
The Plan Commission, after receiving an application requesting Economic Revitalization Area designation, shall conduct the investigations as are appropriate and necessary to determine the best interests of the county; shall hold at least one public hearing; and shall thereafter make written recommendations to the County Council as to the desirability, or non-desirability, of designating the area described in the application as an Economic Revitalization Area. The County Council shall, by resolution, make final approval of all applications, and the application shall be attached to the resolution.
(Prior Code, § 110.183) (Ord. 83-1, passed 6-20-1983)
The County Council shall prepare and adopt a resolution which establishes general standards to be used, along with the requirements set forth in the definition of an Economic Revitalization Area, in the review of applications by the Plan Commission and itself.
(Prior Code, § 110.184) (Ord. 83-1, passed 6-20-1983)
If improvements as proposed in the application for Economic Revitalization Area status are not stated within one year from the date of designation by the County Council, such Economic Revitalization Area designation shall expire; however, the applicant may reapply, and the application fee therefor shall be 50% of the original fee, provided the re-application is made within 90 days from the date of the expiration of the one-year period.
(Prior Code, § 110.186) (Ord. 83-1, passed 6-20-1983)
Where an area has been designated as an Economic Revitalization Area, such status shall expire five years after the date of designation; however, the expiration shall not affect any persons, firms, organizations, or corporations who have applied for and received tax abatement status in accordance with law.
(Prior Code, § 110.187) (Ord. 83-1, passed 6-20-1983)
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