(A) The Plan Commission of the Town is hereby designated as the agency of the Town which shall receive all applications from persons, firms, organizations or corporations requesting that certain real estate be designated as an urban development area.
(2005 Code, § 22.01)
(B) The fees to be paid by the applicants on the real estate to be designated as an urban development area, shall be paid to the Clerk-Treasurer of the Town, and shall thereafter remain the property of the Town, and are as set out in the Fee Schedule in Ch. 35 of this code of ordinances.
(2005 Code, § 22.02)
(C) The Plan Commission of the Town shall prepare printed forms and require all applicants applying for designation of real estate as an urban development area to use such forms in making application for such designation. The Plan Commission shall consider the following items in preparing such printed forms: proposed use of real estate; proposed type and cost of buildings and equipment, if improvements are proposed; proposed operation and number of jobs to be created; real estate description; and proposed development of the real estate if improvements and/or buildings are not immediately contemplated.
(2005 Code, § 22.03)
(D) The Plan Commission, after receiving an application requesting urban development area designation, shall investigate the applicant to determine the best interests of the Town, shall hold public hearings thereon, if necessary or advisable, and shall thereafter make written recommendations to the Town Council as to the desirability or non-desirability of designating the area described in the application as an urban development area. The Town Council shall make final approval of all applications, and the application shall be attached to the ordinance.
(2005 Code, § 22.04)
(E) This section shall apply only to structures on real estate located in the Town which is zoned industrial.
(2005 Code, § 22.05)
(F) If improvements as proposed in the application for urban development status are not started within one year from the date of designation, the urban development permit therefor shall expire; however, the applicant may re-apply, and the application fee therefor shall be 50% of the original fee. Such re-application shall be made within 90 days from the date of expiration of the one-year period.
(2005 Code, § 22.06)
(G) Where an area has been designated as an urban development area, such status shall expire five years after the date of designation; however, such expiration shall not affect any persons, firms, organizations or corporations who have applied for and received tax abatement status, in accordance with the law.
(2005 Code, § 22.07)
(H) This section shall not give any person, firm, organization or corporation any rights as to tax abatement status as would be a longer period of time, or greater than as provided by the laws of the state.
(2005 Code, § 22.08)