(A) In accordance with I.C. 6-1.1-12.5-4, the County Commissioners shall establish an infrastructure development zone.
(B) The infrastructure development zone shall incorporate all of the county, except for the Town of Spencer.
(C) The infrastructure development zone shall provide broadband, natural gas and water services to county residents residing in the infrastructure development zone.
(D) The infrastructure development zone shall include a business personal property tax exemption available to companies for certain infrastructure associated with the development of broadband technology, natural gas and water facilities.
(E) The tax exemption for certain infrastructure shall only include the installation of fiber, natural gas and water facilities to homes, businesses, schools and publicly owned buildings. The exemption shall not be available for maintenance and refurbishment to existing facilities, land that the infrastructure is located on, fiber to cell towers or satellites, or long haul/pass through fiber infrastructure.
(F) The exemption shall only be available to broadband, natural gas and water infrastructure projects that are completed within three years from the date of passage of this section, and upon approval of the County Commissioners.
(BC Ord. 2018-006, passed 5-21-2018)