Indiana Code 36-7-13-18. Goals or benchmarks for property development or redevelopment
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Sec. 18. (a) As used in this section, “developer” means a person that:
(2) has entered into a separate agreement with some other person for the use or operation of the financed facility.
(1) proposes to enter into, or has entered into, a financing agreement with a unit for the development or redevelopment of a facility located in a district; and
Terms Used In Indiana Code 36-7-13-18
- district: refers to a community revitalization enhancement district designated under section 10. See Indiana Code 36-7-13-1.6
- Property: includes personal and real property. See Indiana Code 1-1-4-5
(b) A unit may establish goals or benchmarks concerning the development or redevelopment of property by a developer. The unit may provide that a developer that meets or exceeds the goals or benchmarks shall be paid a specified fee from the industrial development fund.
As added by P.L.125-1998, SEC.22.