§ 2-83. Warehouse development City-wide.

(a)

Generally. The Council believes that the following general standards have a reasonable relationship to the development objectives for warehouse development within the City, and would warrant tax abatement consideration as set forth herein.

(b)

Base abatement general standards. Proposed warehouse development of new construction or rehabilitation of not less than twenty-five thousand (25,000) square feet per project may be considered for a base abatement consisting of three (3) years real property tax abatement.

(c)

Add-on abatement general standards. : Proposed warehouse development, which qualifies to be considered for a base abatement under the provisions of subsection (b) above, may be considered for an add-on abatement consisting of from one (1) to seven (7) years real property tax abatement.

(d)

Compliance with State law. All applicants seeking real property tax abatement consideration under this section must also comply with all applicable regulations set forth in IC 6-1.1-12.1-1 et seq.

(e)

WDS requirement. All applicants seeking real property tax abatement consideration under this section must also comply with working with WDS as set forth in section 2-83.2.

(Ord. No. 9394-03, § I)