HomeMy WebLinkAbout1994-R-09 RESOLUTION BY THE CITY COUNCIL FOR THE CITY
OF JEFFERSONVILLE, INDIANA, DESIGNATING CERTAIN
DEVELOPMENT APdEAS AS "ECONOMIC ~REVITALIZATION
AREAS" WITHIN THE CITY OF JEFFERSONVILLE, INDIANA
WHEREAS, it has
City of Jeffersonville, Indiana, be
revitalization areas, pursuant to I.C.
6-1.1-12.1-8; and
been requested that certain areas within the
designated as economic
6-1.1-12.1-1 through I.C.
Whereas, the city Council for the City of Jeffersonville,
Indiana, recognizes the need to stimulate growth and to maintain
a sound economy in the City, under the jurisdiction of the City
Council for 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 lack
of normal development, cessation of growth, deterioration of
improvements or character of occupancy, age, obsolescence, or other
factors which have impaired values or prevented a normal
development of property or use of property; and
WHEREAS, the City Council for the City of Jeffersonville,
Indiana, further recognizes that incentives to locate development
in these unutilized or bypassed areas would be in the city's best
interest; and
WHEREAS, the City Council for the City of Jeffersonville,
Indiana, further recognizes that it would be beneficial to
designate certain areas within the city that presently qualify as
economic revitalization areas for purposes of a deduction against
the assessed value of property; and
WHEREAS, the City Council for the City of Jeffersonville,
Indiana, is vested with the authority to designate certain areas
of the City to be economic revitalization areas; and
WHEREAS, the applicant has filed with the City Council of the
City of Jeffersonville, Indiana, a Statement of Benefits in
accordance with I.C. 6-1.1-12.1-3; and
WHEREAS, the City Council for the City of Jeffersonville,
Indiana, has reviewed the Statement of Benefits required under I.C.
6-1.1-12.1-3 and now makes the following findings concerning such:
1. The estimate of the value of the redevelopment or
rehabilitation is reasonable for projects of that nature.
2. The estimate of the number of individuals who will be
employed or whose employment will be retained can be reasonably
expected to result from
rehabilitation.
3. The estimate of
who will be employed or whose employment will
the proposed described redevelopment or
the annual salaries of those individuals
be retained can be
reasonably expected to result from the proposed described
redevelopment or rehabilitation.
4. The benefits about which are
benefits that can reasonably be the
proposed described redevelopment or rehabilitation.
5. The totality of benefits is sufficient to the
information was requested
expected to result from
justify
deduction.
2
NOW, THEREFORE, BE IT RESOLVED, by the City Council for the
City of Jeffersonville, Indiana, that:
The following area be declared and designated as an economic
revitalization area: (See EXHIBIT "A" attached hereto and made a
part hereof as if fully set herein).
This area is hereby designated as an "Economic Revitalization
Area", and shall be entitled to qualify for a-~ (~ year
deduction against assessed evaluation of real property, under I.C.
6-1.1-12.1-4.5. ~
PASSED AND ADOPTED on this 7 day of ~. ,
1994.
CITY COUNCIL FOR THE CITY OF
JEFFERSONVILLE, INDIANA
By:
, President
ATTEST:
Clerk-Treasure~
Presented by me as Clerk and Treasurer to the Mayor of said City of
Jeffersonville this 25th day of April, 1994.
CLERK AND TREASURER
Approved and signed by me thi~ 25th day of April, 1994.
~~. PARKER JR.'~,
MAYOR