Sec. 12.6. An authority may enter into a written agreement with a taxpayer who owns, or is otherwise obligated to pay property taxes on, tangible property that is or will be located in an allocation area established under this chapter in which the taxpayer waives review of any assessment of the taxpayer's tangible property that is located in the allocation area for an assessment date that occurs during the term of any specified bond or lease obligations that are payable from property taxes in accordance with an allocation provision for the allocation area and any applicable statute, ordinance, or resolution. An agreement described in this section may precede the establishment of the allocation area or the determination to issue bonds or enter into leases payable from the allocated property taxes.
As added by P.L.249-2015, SEC.27.
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