In considering the advisability of designating industrial real estate as an Economic Revitalization Area, under the provisions of IC 6-1.1-12.1-3, the Council shall consider the following issues:
(A) Whether the estimate of the value of the redevelopment or rehabilitation is reasonable for projects of that nature;
(B) Whether the estimate of the number of individuals who will be employed or whose employment will be retained can be reasonably expected to result from the proposed described redevelopment or rehabilitation;
(C) Whether the estimate of the annual salaries of those individuals who will be employed or whose employment will be retained can be reasonably expected to result from the proposed described redevelopment or rehabilitation;
(D) Whether any other benefits about which information was requested are benefits that can be reasonably expected to result from the proposed described redevelopment or rehabilitation ; and
(E) Whether the totality of benefits is sufficient to justify the destruction.
(Ord. 120485, passed 1-22-86; Am. Ord. 091514A, passed 11-17-14)