Evaluation of applications; factors considered
Sec. 19. The board shall consider the following factors in
evaluating applications filed under this chapter:
(1) The level of distress in the surrounding community caused
by the loss of jobs at the vacant industrial facility.
(2) The desirability of the intended use of the vacant industrial
facility under the plan proposed by the municipality or county
and the likelihood that the implementation of the plan will
improve the economic and employment conditions in the
surrounding community.
(3) Evidence of support for the designation by residents,
businesses, and private organizations in the surrounding
community.
(4) Evidence of a commitment by private or governmental
entities to provide financial assistance in implementing the plan
proposed by the municipality or county, including the
application of IC 36-7-12, IC 36-7-13, IC 36-7-14, or
IC 36-7-15.1 to assist in the financing of improvements or
redevelopment activities benefiting the vacant industrial
facility.
(5) Evidence of efforts by the municipality or county to
implement the proposed plan without additional financial
assistance from the state.
(6) Whether the industrial recovery site is within an economic
revitalization area designated under IC 6-1.1-12.1.
(7) Whether action has been taken by the metropolitan
development commission or the legislative body of the
municipality or county having jurisdiction over the proposed
industrial recovery site to make the property tax credit under
IC 6-1.1-20.7 available to persons owning inventory located
within the industrial recovery site and meeting the other
conditions established by IC 6-1.1-20.7.
As added by P.L.379-1987(ss), SEC.11.
Last modified: May 28, 2006