§ 98.03. STANDARDS TO BE CONSIDERED.

(A) In its deliberations on designating an economic revitalization area the Council may, pursuant to IC 6-1.1-12.1-2(g), give consideration to the following general standards to determine if:

(1) The designation will encourage the use of vacant or under-utilized land designated as appropriate for industrial development in the Miami County Comprehensive Plan or which is currently zoned for industrial use;

(2) The proposed use of the real estate for which designation is being requested is consistent with the land use policies contained in the Miami County Comprehensive Plan;

(3) The designation will encourage the improvement of a deteriorated structure or the replacement of an obsolete structure;

(4) The designation will encourage the preservation of an historically or architecturally significant structure;

(5) The designation will assist in the inducement of a project providing substantial employment opportunities relative to the value of the improvements to be made and/or the new manufacturing equipment to be installed.

(6) The designation will assist in the inducement of a project which would provide long- term benefits to the tax base of Miami County warranting the granting of the annually decreasing percentage of tax abatement as provided in IC 6-1.1-12.1.

(B) In all instances the Council shall find that evidence has been provided either in the application or during the public hearing that the real estate proposed for designation is in an area which has become undesirable for, or impossible of, normal development and occupancy because of a lack of development, cessation of growth, deterioration of improvement or character of occupancy, age, obsolescence, substandard buildings or other factors which have impaired values or prevent a normal development of property or use of property.

(Res. 3B-1990, passed 3-19-90)