11-08-10 Council Agenda & Packet

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(1=2 17 (25 New Manufacturing Equipment has the meaning set forth in IC 6 -1.1- 12.1-1 et seq. (24) (� New Personal Property includes New Manufacturing Equipment, New Research and Development Equipment, New Logistical Distribution Equipment and New Information and Technology Equipment, all having the meaning set forth in IC 6- 1.1- 12.1 -1 et seq. (2-) (27) New Research and Development Equipment has the meaning set forth in IC 6 -1.1- 12.1 -1 et seq. 28 Office Development, for puEposes of this tax abatement ordinance is intended to house certain of the economic activities described in major &Eoups listed in the North American IndusLry Classification System— United States 2002 manual published bX the United States Office of Management and Bud et's Economic Classification Policy Committee, which manual is hereby incorporated by__reference, with_ copies being maintained in he _Office of the City Clerk. The mayor groups. _ are _ - 52 (except subgroups_ 5221 and 5222) . 53 (includes only ,. _ __..mss subgroups .5311, 5312, 5313 5331) 54, 55, 56 ( exce t ub�oups 5616, 5617,, 5619, 5621, 5622 and 5629). „62,,.tincludcs only sub groups 6211 6212; 6213, 62..14, 6215, 6216, 6241), and 92 (excludes subgroups 9221 and 9271) Other economic activities maybe considered by the Common Council on a case -by case basis however, such activities including those listed above must fit within and con lennent the surrounding neighborhood environment. (2,6} Property has the meaning set forth in IC 6 -1.1- 12.1 -1 et seq. (2-7) QOJ Redevelopment has the meaning set forth in IC 6- 1.1- 12.1 -1 et seq. (2-8) L11) Redevelopment Blighted Area and RBA mean real Property meeting the standards set forth in IC 6 -1.1 -12.1 et seq., excluding the South Side Development Area. (29) (32) Rehabilitation has the meaning set forth in IC 6- 1.1- 12.1 -1 et seq. (� (33) Related Party means any person who is related within the meaning of Section 267 of the Internal Revenue Code (i.e., United States Code, Title 26, Subtitle A, Chapter 1, Subchapter B, Park IX, Section 267). (343 (34) Residentially Distressed Area and RDA mean an area that meets any of the following findings as declared by the Council: a. The area is comprised of parcels that are either unimproved or contain only one (1) or two (2) family dwellings or multi - family dwellings designed for up to four (4) families, including accessory buildings for those dwellings; or E