(A) Institutional development standards. The County Council believes that the following general standard in division (B) below has a reasonable relationship to the development objectives for institutional development within the county, and would warrant tax abatement consideration as set forth herein.
(B) Three-year general standards; new construction. Proposed new construction of institutional developments which are to be located within the county may be considered for three-year real property tax abatement.
(C) Compliance with state law. All applicants seeking real property tax abatement consideration under this section must also comply with all applicable regulations set forth in I.C. 6-1.1-12.1-2 et seq.
(Council Ord. 97-37, passed 10-7-1997)