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CBD, EBDA or TAIA of the City, and would warrant tax <br /> abatement consideration as set forth herein. <br /> (b) Three-Year General Standards: <br /> (1) New construction: Proposed retail <br /> developments which incorporate new construction which is to <br /> be located within the CBD, EBDA or TAIA, may be considered <br /> for three-year real property tax abatement. <br /> (2) Rehabilitation: Proposed retail developments <br /> which incorporate rehabilitation of existing structures <br /> located within the CBD, EBDA, or TAIA may be considered for <br /> three-year real property tax abatement. <br /> (c) Six-Year General Standards: <br /> (1) New Construction: Proposed retail <br /> developments which incorporate new construction greater than <br /> 10, 000 square feet and which are to be located within the <br /> CBD or EBDA, may be considered for six-year real property <br /> tax abatement. <br /> (2) Rehabilitation: Proposed retail developments <br /> which incorporate rehabilitation of existing structures <br /> located within the CBD or EBDA, of greater than 10, 000 <br /> square feet, may be considered for six-year real property <br /> tax abatement. <br /> (d) Ten-Year General Standards: <br /> (1) New Construction: Proposed retail <br /> developments which incorporate new construction of greater <br /> than 15, 000 square feet, and which are to be located within <br /> the CBD or EBDA, may be considered for ten-year real <br /> property tax abatement. <br /> (2) Rehabilitation: Proposed retail developments <br /> which incorporate rehabilitation of existing structures <br /> located within the CBD or EBDA, of greater than 15, 000 <br /> square feet, may be considered for ten-year real property <br /> tax 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. 2-79.1 Retail Developments in the Urban Enterprise <br /> Zone. <br /> (a) The Common Council believes that the following <br /> general standards have a reasonable relationship to the <br /> development objectives for retail development within the UEZ <br /> of the City, and would warrant tax abatement consideration <br /> as set forth herein. <br /> (b) Three-Year General Standards: <br /> (1) New Construction: Proposed retail <br /> developments which incorporate new construction and are to <br /> be located within the UEZ, may be considered for three-year <br /> real property tax abatement. <br /> (2) Rehabilitation: Proposed retail developments <br />