Ind. Code § 36-7-13-18
Goals or benchmarks for property development or redevelopment
Indiana · Indiana Code Title 36 — Local Government · Status: effective
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- Ind. Code § 36-7-13-18, Goals or benchmarks for property development or redevelopment, Indiana, version 1 as recorded 2026-09-28, yourstate.us, https://yourstate.us/provision/1685366
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Full text
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.