IC 36-7-14.5 – Redevelopment Authority | Midpage

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Indiana Code

Chapter 14.5

IC 36-7-14.5

Redevelopment Authority

1Application of chapter 2"Authority" defined 3"Board" defined 4"Bonds" defined 5"Commission" defined 6"Local public improvement" defined 7Creation of redevelopment authority; subject to laws of general nature 8Terms; removal; compensation 9Annual meeting; election of officers; special meetings; quorum; reports 9.5Electronic meetings 10Bylaws; rules 11Purposes of authority; prohibitions 12Powers and duties of authority; dissolution of authority 12.3Powers that may be exercised by county executive 12.5Economic development area in counties with military base closings; powers; allocation areas; distribution of taxes 12.6Authorization to enter into an agreement with a taxpayer for waiver of review of an assessment of property taxes in an allocation area during the term of bonds or lease obligations payable from allo 13Refunding bonds; fiscal body approval 14Lease of local public improvements to commission; lease provisions; fiscal body approval 15Legal authority for lease agreements 16Plans and specifications for local public improvements to be constructed; approval by commission 17Easement or license agreements between authority and commission; recordation 18Lease or sale of property from commission to authority; fiscal body approval 19Bonds; procedures; legislative body approval; use of revenue 20Authority for issuance of bonds; legal investment status of bonds 21Trust indenture securing bonds; fiscal body approval 22Issuance of bonds; option to purchase leased property; legislative body approval 23Tax-exempt status of authority property and bonds 24Action contesting validity of bonds