Indiana Code 6-1.1-12.5-4. Ordinance designating infrastructure development zone
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Sec. 4. A county executive, a municipal legislative body, or, in Marion County, the county fiscal body, may adopt an ordinance designating a geographic territory as an infrastructure development zone after:
(2) publishing notice of the public hearing in the manner prescribed by IC 5-3-1; and
(1) conducting a public hearing on the proposed ordinance;
Terms Used In Indiana Code 6-1.1-12.5-4
- eligible infrastructure: means the following:
Indiana Code 6-1.1-12.5-1
- person: means a firm, association, cooperative, corporation, limited liability company, business trust, partnership, or limited liability partnership. See Indiana Code 6-1.1-12.5-3
- Property: includes personal and real property. See Indiana Code 1-1-4-5
(3) making the following findings:
(A) Adequate eligible infrastructure is not available in the zone.
(B) Providing a property tax exemption to a person for investing in eligible infrastructure in the zone will provide:
(i) opportunities for increased natural gas usage, increased availability of broadband service, advanced services, and public water or wastewater service; and
(ii) economic development benefits;
in the zone.
As added by P.L.133-2013, SEC.1. Amended by P.L.91-2017, SEC.2.