Section 6-1.1-12.5-4 - Ordinance designating infrastructure development zone 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:
(1) conducting a public hearing on the proposed ordinance;(2) publishing notice of the public hearing in the manner prescribed by IC 5-3-1; and(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.
Amended by P.L. 91-2017,SEC. 2, eff. 7/1/2017.Added by P.L. 133-2013, SEC. 1, eff. 7/1/2013.