RESOLUTION #   2012-8  

RESOLUTION OF THE TOWN OF LEO-CEDARVILLE TOWN COUNCIL
ESTABLISHING AN ECONOMIC REVITALIZATION AREA

WHEREAS, Indiana law permits Towns to establish Economic Revitalization Areas for the purpose of creating tax abatements to encourage the development of real estate under certain circumstances, and

WHEREAS, the Town Council of the Town Leo-Cedarville has decided to establish an Economic Revitalization Area in order to encourage development.

NOW THEREFORE, be it resolved that:

1. This Resolution shall apply to the following parcels as identified on the Town of Leo-Cedarville’s Official Zone Map:
a. 1,4,29,30,31,32,41,42,43,44,67,68,69,70,76,77,78,79,80,81,82,83,84, 85, 86, 87,89,90,91, and 92, all such parcels are within the Downtown Commercial or “DC” Zone in the old downtown of Leo-Cedarville.
2. It is declared that the territory described above shall be and is an Economic Revitalization Area, as that term is defined by Indiana Code 6-1.1-12.1-1.

Passed and adopted by the Leo-Cedarville Town Council on this   27th   day of   March  , 2012.
Signed,

  John Clendenen         John Clendenen, President
  Tim Richards             Tim Richards, Vice President
  Paul Steffens             Paul Steffens, Councilmen
  ABSENT                     Kevin Veatch, Councilmen
  Ted Garton                Ted Garton, Councilmen
Attested:   John Eastes      John Eastes, Clerk Treasurer