HomeMy WebLinkAbout1989-R-35 RESOLUTION NO. 89-R-~
A RESOLUTION DECLARING AN AREA TO BE AN
ECONOMIC REVITALIZATION AREA
WHEREAS, the Common Council of the city of jeffersonville
is authorized pursuant to the provisions of I.C. 6-1.1-12.1 et
seq. to create an "Economic Revitalization Area" within the
City of jeffersonville; and
WHEREAS, upon investigation, it has been determined that
the area bounded by Mitchell Avenue on the East, by Fourteenth
Street on the South, by the City Boundary on the West, and by
Kopp Avenue on the
need of assistance
and best use; and
WHEREAS, said
ultimately lead to
North, in Jeffersonville, Indiana, is in
in order for it to develop to its highest
rehabilitation and redevelopment will
a positive contribution to the City's tax
base and employment opportunities;
WHEREAS,
seq., certain
incentive to
declining areas
therein; and
and
pursuant to the provisions of I.C. 6-1.1-12.1 et
property tax deductions may be afforded as an
encourage development in underdeveloped or
and/or to install new manufacturing equipment
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
jeffersonville to grant certain property tax deductions based
upon properly certified data to the Common Council.
NOW, THEREFORE, BE IT RESOLVED that the Common Council of
the City of Jeffersonville hereby declares the area in
Jeffersonville, Indiana, which property is more specifically
illustrated on the map attached hereto as Exhibit A, as an
Economic
apply to
any new
rehabilitation
property.
Revitalization Area. This declaration shall only
property within the above-described area as well as
manufacturing equipment which may be placed with any
or redevelopment of the above-described real
BE IT FURTHER RESOLVED by the Common Council of the City
of jeffersonville that deductions for real property
improvements to the above-described area shall be limited to an
period of ten (10) years, and for new manufacturing equipment
to a period of five (5) years.
IT IS FURTHER RESOLVED that a copy of this resolution
shall be the county Assessor and this resolution
shall be published in accordance with the provisions of
I.C. 5-3-1 and shall be available in the office of
Clerk-Treasurer for public inspection hereafter.
the
filed with
BE IT FURTHER RESOLVED that this Common Council will
receive and hear all remonstrances and objections from
interested persons on the 6th day of November, 1989, at
7:30 o'clock P.M., in the Common Council Chambers of the
Building, jeffersonville, Indiana, and the Council
action thereon and make any confirmations,
City-County
will take final
modifications, or recisions of said resolution on said date.
So resolved by the common Council of the City
this
jeffersonville,
1989.
Passed and
of
Indiana, '
adopted
1989, by the common
Clark County, Indiana.
this ~day of ~ ,
council of the City of jeffersonville,
PRESIDENT, COMMON COUNCIL
ATTEST:
C .ER -TREASUREW
City
Presented by me as
of jef fersonville,
Approved and signed
~_.~ ,1989.
Clerk-Treasurer to the Mayor of the
Indiana, this ~ day of
C. RriCHARD SPEN ~j~, om.
CLERK-TREASURER ~
by me this ~ day of
~~AYOR DALE L. CRE
AVE.
EXHIBIT A