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.
|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|