IC 6-1.1-12.5-4: Ordinance designating infrastructure development zone

Sec. 4. 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.