HomeMy WebLinkAbout1984-R-10 RESOLUTION NO. 84-R-/~
A Resolution declaring an area to be an
Economic RevitalizHtion Area.
WHEREAS, the Common Council of the City of Jeffersonville
is authorized pursuant to the provisions of I.C. 6-1.1-12.1
to create an "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
to 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 under-
developed or declining areas and/or to install new manufacturing
equipment therein; and
: WHEREAS, such improvements will 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 Jeffersonvil]e
to grant certain property tax deductions.
NOW, THEREFORE, BE IT RESOLVED, that the Common Council
of the City of Jeffersonville hereby declares the area known
as the Jeffersonville Research and Industrial Park and more
specifically described iR Exhibit 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 ' 7 day of
,./~.~ , 1984, at ~_~ o'clock ~, M., in the County
Court Room of the City-County Building, and will take final
action thereon and make any confirmations, modifications or
recisions of said Resolution on said date.
Adopted by the Common Council of the City of Jeffersonville,
1984.
MAYO~DALE L. OREM
Presented by me as
City of Jeffersonvllle
1984.
Clerk-Treasurer to the Mayor of the
Approved and
1984.
signed by me
this ~.% day of
MAYOR DALE L. OREM
EXHIBIT'A . ~