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HomeMy WebLinkAbout1989-OR-43ORDINANCE NO. 89-OR-~ AN ORDINANCE DESIGNATING CERTAIN DEVELOPMENT AREAS AS "ECONOMIC DEVELOPMENT TARGET AREAS" WITHIN THE CITY OF JEFFERSONVILLE, INDIANA WHEREAS, it has been requested that certain areas within the city of jeffersonville be designated as economic development target areas pursuant to I. C. 6-1.1-12.1 thru I.C. and 6-1.12.1-7; WHEREAS, the Common Council for the City of Jeffersonville, Indiana, recognizes the need to stimulate growth and to maintain a sound economy within the City of Jeffersonville; and, WHEREAS, certain areas of the city are undesirable for, and/or impossible of, normal development and occupancy because of a lace of development, cessation of growth, deterioration of improvements or character of occupancy, age, obsolescence, substandard buildings or other factors which have impaired values or prevented a normal development of property or use of property; and, WHEREAS, the Common CoUncil for the City of Jeffersonville further recognizes that incentives to locate development in these un-utilized or by-passed areas would be in the City's best interest; and, WHEREAS, the Common Council for the City of Jeffersonville further recognizes that it would be beneficial to designate certain areas within the City that presently qualify as economic development target areas, for purposes of a deduction against the assessed value of property; and, WHEREAS, the Economic Development Commission for the City has recommended to the Common Council of the City of Jeffersonville, Indiana, that certain areas of the City be designated as economic development target areas; NOW, THEREFORE, BE IT ORDAINED by the City Council for the city of Jeffersonville, Indiana, that: The following area be declare~ and designated as an ec~0nomic development target area: Ail of Blocks Sixty-one (61) and Six~y-two (62) and all of the Twenty foot (20') wide alleys in both blocks in the City of jeffersonville, Clark County, Indiana. Also, Indiana Avenue 6th to 7th Street. This area is hereby designated as an "Economic Development Target Area". ~day of /~j/~. ,~989. Passed and adopted this ~NTHONY PRESIDENT, COMMON COUNCIL ATTEST: Presented by me a.s Clerk-Treas~er of jeffersonville, Indiana, this ~ c. ICUAaD SPENC]m '- CLERK-TREASURER ~ 1989. to the Mayo~ofthe City day of~J-, _, Approved and signed by me this day of ~/~_~ MAYOR DALE L. OREM