Sec. 14. (a) Whenever a commission determines that the redevelopment and economic development of an area situated within the commission's jurisdiction may require the establishment of a district, the commission shall cause to be assembled data sufficient to make the determinations required under section 15 of this chapter, including the following:
(1) Maps and plats showing the boundaries of the proposed district.
(2) A complete list of street names and the range of street numbers of each street situated in the proposed district.
(3) A plan for the redevelopment and economic development of the proposed district. The plan must describe the local public improvements necessary or appropriate for the redevelopment or economic development.
(b) For a city described in section 1(2) or 1(3) of this chapter, the proposed district must contain a commercial retail facility with at least five hundred thousand (500,000) square feet, and any distributions from the fund must be used in the area described in subsection (a) or in areas that directly benefit the area described in subsection (a).
(c) For a city described in section 1(4) of this chapter, the proposed district may not contain any territory outside the boundaries of a redevelopment project area established within the central business district of the city before 1985.
As added by P.L.35-1990, SEC.63. Amended by P.L.185-2001, SEC.7 and P.L.291-2001, SEC.201; P.L.185-2005, SEC.51.
Structure Indiana Code
Article 7. Planning and Development
Chapter 26. Economic Development Project Districts
36-7-26-1. Application of Chapter
36-7-26-2. Legislative Findings and Declarations; Construction
36-7-26-3. "Adjustment Factor" Defined
36-7-26-4. "Base Period Amount" Defined
36-7-26-6. "Commission" Defined
36-7-26-7. "Department" Defined
36-7-26-10. "Gross Increment" Defined
36-7-26-11. "Local Public Improvement" Defined
36-7-26-12. "Net Increment" Defined
36-7-26-13. Power and Duties of Commission, Department, and Board
36-7-26-14. Compilation of Data; Requirements for Proposed Districts
36-7-26-15. Resolution Declaring Area as District; Adoption
36-7-26-18. Final Action on Resolution
36-7-26-19. Appeal; Dismissal; Bond; Burden of Proof
36-7-26-20. Approval of District by Ordinance
36-7-26-21. Delivery of Copy of Resolution to Department; List of Street Names and Numbers
36-7-26-24. Bonds; Issuance; Lease Rental Payments; Remitted Funds; Distributions
36-7-26-25. Maximization of Use of Tax Increment Financing by City; Property Tax Abatements
36-7-26-26. Credit Account; Use of Funds
36-7-26-27. Repeal or Amendment of Chapter; Adverse Effect on Bond Owners