Designation of vacant industrial facility as an industrial recovery
site; application; requisites; procedures
Sec. 18. (a) After approval by ordinance or resolution of the
legislative body, the executive of any municipality may submit an
application to the board requesting that a vacant industrial facility
within the municipality be designated as an industrial recovery site.
After approval by resolution of the legislative body, the executive of
any county may submit an application to the board requesting that a
vacant industrial facility within the county, but not within any
municipality, be designated as an industrial recovery site. In addition
to any other information required by the board, the application shall
include a description of the plan proposed by the municipality or
county for development and use of the vacant industrial facility.
(b) If the property described in the application submitted to the
board meets the definition of a vacant industrial facility as of the date
of filing of the application, the board shall:
(1) evaluate the application;
(2) arrive at a decision based on the factors set forth in section
19 of this chapter; and
(3) either designate the property as an industrial recovery site or
reject the application.
(c) If the board determines that:
(1) a substantial reduction or cessation of operations at a facility
in Indiana after January 1, 1987, has created a vacant industrial
facility; and
(2) the operations formerly located at that facility have been
relocated to a specific site or sites outside the United States;
the facility may be designated as an industrial recovery site only if it
has been donated or sold to the municipality. Such a facility may be
designated as an industrial recovery site whether it is owned by the
municipality or by a taxpayer who acquired it from the municipality
after the donation or sale.
As added by P.L.379-1987(ss), SEC.11.
Last modified: May 28, 2006