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(2) Rehabilitation: Proposed rehabilitation of <br /> existing structures located within the EBDA, and which <br /> propose rehabilitation of not less than 20, 000 square feet, <br /> may be considered for a ten-year real property tax <br /> abatement. <br /> (e) Compliance With State Law: All applicants seeking <br /> real property tax abatement consideration under this Section <br /> must also comply with all applicable regulations set forth <br /> in I.C. , 6-1.1-12.1-1 et seq. <br /> Sec. 2-80.2 Reserved. <br /> Division VI. <br /> Institutional Development Real <br /> Property Tax Abatement. <br /> Sec. 2-81 Institutional Development in the Central Business <br /> District (CBD) , East Bank'Development Areas (EBDA) and Urban <br /> Enterprise Zone (UEZ) . <br /> (a) The Common Council believes that the following <br /> general standards have a reasonable relationship to the <br /> development objectives for institutional development within <br /> the CBD, EBDA, and UEZ of the City, and would warrant tax <br /> abatement consideration as set forth herein. <br /> (b) Three-Year General Standards: <br /> New Construction Only: Proposed new construction <br /> of institutional developments which are to be located within <br /> the CBD, EBDA, and UEZ may be considered for three-year real <br /> property tax abatement. <br /> (c) Compliance With State Law: All applicants seeking <br /> real property tax abatement consideration under this Section <br /> must also comply with all applicable regulations set forth <br /> in I.C. , 6-1.1-12 . 1-2 et seq. <br /> Sec. 2-81.1 Reserved. <br /> • <br /> Division VII. Industrial Development Real <br /> Property Tax Abatement. <br /> Sec. 2-82 Industrial Development City-Wide General <br /> Standards. <br /> (a) The Common Council believes that the following <br /> general standards have a reasonable relationship to the <br /> development objectives for industrial development city-wide, <br /> and would warrant tax abatement consideration as set forth <br /> herein. <br /> (b) Three-Year General Standards: <br /> New Construction: Proposed industrial <br /> developments which incorporate new construction of not less <br /> than 10,000 square feet, may be considered for three-year <br /> real property tax abatement. <br /> (c) Six-Year General Standards: <br /> • <br />