Sec. 1. This chapter applies to all units having a department of redevelopment under IC 36-7-14-3 or a department of metropolitan development as the redevelopment commission of a consolidated city or excluded city under IC 36-7-15.1. As added by P.L.35-1990, SEC.62. Amended by P.L.102-1999, SEC.28.
Sec. 2. The definitions set forth in IC 36-7-14 and IC 36-7-15.1 apply throughout this chapter. As added by P.L.35-1990, SEC.62.
Sec. 3. (a) Projects, improvements, or purposes that may be financed by a commission in redevelopment project areas or economic development areas may be financed if the projects, improvements, or purposes are not located in those areas or the redevelopment district as long as the projects, improvements, or purposes directly serve or benefit those areas. […]
Sec. 4. Notwithstanding any other law, if two (2) or more units want to jointly undertake redevelopment or economic development projects in contiguous areas in the units’ respective jurisdictions that benefit or serve the units’ jurisdictions, the legislative body of a unit may: (1) assign an area within the unit’s jurisdiction to the commission of […]
Sec. 5. A commission may enter into a project agreement with a developer that has been selected as the successful bidder after following the procedures set forth in IC 36-7-14-22, IC 36-7-15.1-15, or IC 36-7-15.1-44 regarding dispositions of property or interests. Any project agreement must be approved by resolution of the commission. The project agreement […]
Sec. 6. (a) Subject to section 6.5 of this chapter, a commission may enter into an agreement with a taxpayer in an allocation area that limits the taxpayer’s rights to challenge the taxpayer’s assessment or property taxes or that guarantees, enhances, or otherwise further secures bonds or lease obligations of the commission. The obligation to […]
Sec. 6.5. (a) As used in this section, “qualified property” has the meaning set forth in IC 36-1-8-18. (b) Notwithstanding section 6 of this chapter or any other law, and except as provided in subsections (c) and (d), an agreement entered into by a commission after June 30, 2016, may not include any of the […]
Sec. 7. (a) As used in this section, “eligible entity” means a person whose principal functions include the provision of: (l) educational programs; (2) work training programs; (3) worker retraining programs; (4) marketing and advertising of land located in an allocation area; or (5) any other programs; designed to prepare individuals to participate in the […]
Sec. 8. (a) Each redevelopment commission shall annually present information for the governing bodies of all taxing units that have territory within an allocation area of the redevelopment commission. The presentation shall be made at a meeting of the redevelopment commission and must include the following: (1) The commission’s budget with respect to allocated property […]
