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Indiana Code Title 36. Local Government § 36-7-13-18

Current as of January 02, 2024 | Updated by Findlaw Staff

Sec. 18.  (a) As used in this section, “developer” means a person that:

(1) proposes to enter into, or has entered into, a financing agreement with a unit for the development or redevelopment of a facility located in a district;  and

(2) has entered into a separate agreement with some other person for the use or operation of the financed facility.

(b) A unit may establish goals or benchmarks concerning the development or redevelopment of property by a developer.  The unit may provide that a developer that meets or exceeds the goals or benchmarks shall be paid a specified fee from the industrial development fund.

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Cite this article: FindLaw.com - Indiana Code Title 36. Local Government § 36-7-13-18 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-36-local-government/in-code-sect-36-7-13-18/

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