Sec. 12.3. (a) This section applies to a redevelopment commission in a county having a United States government military base that is scheduled for closing or is completely or partially inactive or closed.
(b) The county executive body may adopt an ordinance to elect to allow the authority for the county to exercise the powers described in section 11(a)(5) of this chapter. An ordinance adopted under this section may also do any of the following:
(1) Establish or change the:
(A) number of members on the board of the authority; or
(B) name of the authority;
that would otherwise apply under this chapter.
(2) Provide for any other matter that is necessary or appropriate to carry out the powers described in section 11(a)(5) or 12.5 of this chapter.
The county executive may amend or rescind an ordinance adopted under this section if the rights of holders of bonded indebtedness, leases, or other obligations (as defined under IC 5-1-3-1) of the authority are not adversely affected.
As added by P.L.190-2005, SEC.11. Amended by P.L.32-2021, SEC.100.
Structure Indiana Code
Article 7. Planning and Development
Chapter 14.5. Redevelopment Authority
36-7-14.5-1. Application of Chapter
36-7-14.5-2. "Authority" Defined
36-7-14.5-5. "Commission" Defined
36-7-14.5-6. "Local Public Improvement" Defined
36-7-14.5-7. Creation of Redevelopment Authority; Subject to Laws of General Nature
36-7-14.5-9. Annual Meeting; Election of Officers; Special Meetings; Quorum; Reports
36-7-14.5-9.5. Electronic Meetings
36-7-14.5-11. Purposes of Authority; Prohibitions
36-7-14.5-12. Powers and Duties of Authority; Dissolution of Authority
36-7-14.5-12.3. Powers That May Be Exercised by County Executive
36-7-14.5-13. Refunding Bonds; Fiscal Body Approval
36-7-14.5-15. Legal Authority for Lease Agreements
36-7-14.5-17. Easement or License Agreements Between Authority and Commission; Recordation
36-7-14.5-18. Lease or Sale of Property From Commission to Authority; Fiscal Body Approval
36-7-14.5-19. Bonds; Procedures; Legislative Body Approval; Use of Revenue
36-7-14.5-20. Authority for Issuance of Bonds; Legal Investment Status of Bonds
36-7-14.5-21. Trust Indenture Securing Bonds; Fiscal Body Approval
36-7-14.5-22. Issuance of Bonds; Option to Purchase Leased Property; Legislative Body Approval
36-7-14.5-23. Tax-Exempt Status of Authority Property and Bonds