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thousand (5,000) square feet, may be considered fora Base Abatement <br />consisting of three (3) years real property tax abatement. <br />C. Add-on Abatement General Standards: Proposed Mixed Use developments, which <br />qualify to be considered far a Base Abatement under the provisions of paragraph B above, <br />may be considered for an Add-on Abatement consisting of from one (1) to seven (7) years <br />real property tax abatement. <br />D. Compliance with state law: All applicants seeking real property tax abatement <br />consideration under this section must also comply with all applicable regulations set forth in <br />I.C. 6-1.1-12.1-1 et seq. <br />Sec. 2-80.1. Mixed Use Developments In East Bank Development Area <br />A. Generallv: The Council believes that the following general standards have a <br />reasonable relationship to the development objectives of Mixed Use development projects <br />within the East Bank Development Area, and would warrant tax abatement consideration as <br />set forth herein. <br />B. Base Abatement General Standards: <br />1. New construction: Proposed Mixed Use developments which incorporate new <br />construction of not less than seven thousand five hundred (7,500) square feet, <br />and which are to be located within the East Bank Development Area may be <br />considered for a Base Abatement consisting of three (3) years real property tax <br />abatement. <br />2. Rehabilitation: Proposed Rehabilitation of existing structures located within the <br />East Bank Development Area and which propose Rehabilitation of not Tess than <br />five thousand (5,000) square feet, may be considered for a Base Abatement <br />consisting of three (3) years real property tax abatement. <br />C. Add-on Abatement General Standards: Proposed Mixed Use developments, which <br />qualify to be considered for a Base Abatement under the provisions of paragraph B above, <br />may be considered for an Add-on Abatement consisting of from one (1) to seven (7) years <br />real property tax abatement. <br />D. Compliance with state law: All applicants seeking real property tax abatement <br />consideration under this section must also comply with all applicable regulations set forth in <br />I.C. 6-1.1-12.1-1 et seq. <br />DIVISION 6. INSTITUTIONAL DEVELOPMENT REAL PROPERTY TAX ABATEMENT <br />Sec. 2-81. Institutional Development In Central Business District, East Bank <br />Development Area And Urban Enterprise Zone <br />A. Generallv: The Council believes that the following general standards have a <br />reasonable relationship to the development objectives for Institutional Development within <br />the Central Business District, East Bank Development Area, and UEZ, and would warrant <br />tax abatement consideration as set forth herein. <br />Tax Abatement Ordinance Page 33 <br />