Sec. 15. (a) This section applies to a parcel in an improvement and maintenance district on which development is initiated between November 1, 1985, and June 30, 1988, in accordance with a project agreement executed before June 30, 1988, under IC 36-7-15.1 that provides a maximum limitation on the amount of the special benefit assessment that the owner will be obligated to pay.
(b) For those parcels, the department may pay each year to the fund the amount by which the assessment amount on the parcel exceeds the maximum assessment amount specified in the project agreement.
As added by P.L.194-1988, SEC.1.
Structure Indiana Code
Article 7. Planning and Development
Chapter 15.5. Improvement and Maintenance District for Indiana Central Canal in Indianapolis
36-7-15.5-1. Application of Chapter
36-7-15.5-2. "Commission" Defined
36-7-15.5-3. "Department" Defined
36-7-15.5-4. "Improvement and Maintenance Project" Defined
36-7-15.5-5. Common Theme or Purpose of Project; Activities
36-7-15.5-6. Requests for Resolutions Establishing Districts
36-7-15.5-7. Resolution Establishing District; Contents
36-7-15.5-8. Public Hearings; Published and Mailed Notice
36-7-15.5-10. Approval of Resolution by Legislative Body of City; Finality of Resolution
36-7-15.5-11. Recording Copy of Resolution
36-7-15.5-13. Amendment of Resolution
36-7-15.5-14. Annual Assessment of Benefits and Damages; Schedule; Limitation on Assessments
36-7-15.5-18. Assessment as Lien; Priority
36-7-15.5-19. Transmission of Schedule of Assessments; Entry on Tax Duplicates; Collection
36-7-15.5-20. Notice of Collected Assessments; Credit of Amounts
36-7-15.5-21. Improvement and Maintenance District Fund; Establishment; Deposits and Expenditures
36-7-15.5-22. Powers and Duties of Commission