HomeMy WebLinkAbout1994-R-24RESOLUTION NO. 94-R-~Z/~
A RESOLUTION DECLARING AN AREA TO BE AN
ECONOMIC REVITALIZATION AREA.
WHEREAS, the Common Council o£the City of Jeffersonville is authorized pursuant to the
provisions of I.C. 6-1.1-12.1 to create and' "Economic Revitalization Area" within the City of
Jeffersonville; and
WHEREAS, upon investigation, it has been determined that the area commonly known as the
Jeffersonville Research and Industrial Park, lying within the City of Jeffersonville is in need of assistance
in order for it to obtain normal development and occupancy because a lack of development, cessation of
growth and current economic conditions; and
WHEREAS, said area is undeveloped with regard to its contribution t6 the City's tax base and
employment opportunities; and
wHEREAS, pursuant to the provisions of Indiana Code; Section 6-1.1-12.1, certain property tax
deductions may be afforded as an incentive to encourage development in underdevelopment or declining
areas and/or to install new manufacturing equipment therein; and
WHEREAS, such improvements wili benefit the long term tax base of the City and stimulate
employment opportunities within the City; and
WHEREAS, it is in the best interest of the City of Jeffersonville to grant certain property tax
deductions.
NOW, THEREFORE, BE IT RESOLVED, that the Common Council of the City of leffersonville
~ereby declares the area known as the leffeisonville Research and Industrial Park and more specifically
described in Ex?dbit A attached hereto as an Economic Revitalization Area.
That said declaration shall only apply to property within said area, such property to include new
manufacturing equipment; and that this Resolution is to remain in effect for ten (10) years or until
terminated by the Common Council of the City of Jeffersonville, provided, however, said Resolution is
to continue in effect with regard to any property which is qualified for tax abatement during said period
for maximum years allowed under said abatement; and
That a copy of this Resolution is to be filed with the County Assessor; and
That this Resolution is to be published in accordance with the provisions of I.C. 5-3-1 and is to
be available in the Clerk-Treasurer's office for public inspection.
This Common Council will receive and hear all remonstrances and objections from interested
persons on the_ ~ day of ~. ,1994, at ~ <clock
m., in the County Multi-purpose Meeting Room on the 3rd floor of the City-County Building, and
will take final action thereon and make any confirmations, modifications or recisions of said Resolution
on said date.
Passed and adopted by the Common Council
of the City of leffersonville, Clark County, State of
STEVEN R. STEMLER
PRESIDENT, COMMON COUNCIL
ATTEST:
CLERK-TREASURER
Seen and approved by me this ~ day of ~~, 1994.
MP~YOR
EXH I B I T -A