A county executive, a municipal legislative body, or, in Marion County, the county fiscal body, may adopt an ordinance designating a geographic territory as an infrastructure development zone after:(1) conducting a public hearing on the proposed ordinance;(2) publishing notice of the public hearing in the manner prescribed by IC 5-3-1; and(3) making the following findings:(A) Adequate eligible infrastructure is not available in the zone.(B) Providing a property tax exemption to a person for investing in eligible infrastructure in the zone will provide:(i) opportunities for increased natural gas usage, increased availability of broadband service, advanced services, and public water or wastewater service; and(ii) economic development benefits;in the zone.As added by P.L.133-2013, SEC.1. Amended by P.L.91-2017, SEC.2.
Indiana Legal Code