The city, by Council resolution, may, upon city initiative or on petition of any person:
(A) Designate one or more neighborhood enterprise zones within a local governmental unit. A neighborhood enterprise zone, other than a neighborhood enterprise zone designated pursuant to division (B) below, shall contain not less than ten platted parcels of land. All the land within a neighborhood enterprise zone shall also be compact and contiguous;
(B) Designate one or more neighborhood enterprise zones limited to new facilities if each new facility in the zone is part of a development of ten or more units. The total acreage of the neighborhood enterprise zones designated under this section shall not exceed 15% of the total acreage contained within the boundaries of the local governmental unit;
(C) Not less than 60 days before the passage of a resolution designating a zone, the City Clerk shall give written notice to the Assessor and to the governing body of each taxing unit that levies ad valorem property taxes in the proposed neighborhood enterprise zone;
(D) Before acting upon the resolution, the City Council shall make a finding that the proposed neighborhood enterprise zone is consistent with the master plan and the neighborhood preservation and economic development goals of the city, and adopt a statement of the city’s goals, objectives, and policies relative to the maintenance, preservation, improvement, and development of housing for all persons regardless of income level living within the proposed neighborhood enterprise zone; and
(E) The city shall hold a public hearing on the application not later than 45 days after the date the notice is sent but before acting upon the resolution.
(Prior Code, § 33.42) (Ord. O-76, passed 2-9-2009, effective 2-19-2009)