(A) The following criteria may be used by the Corporate Authorities in deciding whether to abate the real property taxes for any industrial firm meeting any of the requirements of § 37.40(A):
(1) The industrial firm eligible for further consideration under this subchapter may be so defined in conjunction with the term industrial project as provided for in ILCS Ch. 65, Act 5 § 11-74-2 as amended from time to time;
(2) The industrial firm may be only properly zoned in the village as an industrial district;
(3) The industrial firm shall provide the village with increased:
(a) Annual sales;
(b) Number of service jobs;
(c) Personal income;
(d) Bank deposits; and
(e) Number of retail businesses.
(Ord. 277, passed 3-1-82)