Economic revitalization area definition

Economic revitalization area means an area which is within
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Economic revitalization area means an area which is within the corporate limits of a ci ty, town, or county which has become undesirable for, or impossible of, normal development and occupancy because of a lack of development, cessation of growth, deterioration of improvements or character of occupancy, age, obsolescence, substandard buildings or other factors which have impaired values or prevent a normal development of property or use of property. The term "economic revitalization area" also includes any area where a facility or a group of facilities that are technologically, economically, or energy obsolete are located and where the obsolescence may lead to a decline in employment and tax revenues.
Sample 1
Economic revitalization area means an area which is within the corporate limits of a city, town, or county which has become undesirable for, or impossible of, normal development and occupancy because of a lack of development, cessation of growth, deterioration of improvements or character of occupancy, age, obsolescence, substandard buildings, or other factors which have impaired values or prevent a normal development of property or use of property. The term "economic revitalization area" also includes:
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Examples of Economic revitalization area in a sentence

  • Economic revitalization area (ERA) means an area which is within the corporate limits of a city, town or county which has become undesirable for, or impossible of, normal development and occupancy because of lack of development, cessation of growth, deterioration of improvements or character of occupancy, age, obsolescence, substandard buildings, or other factors which have impaired values or prevent a normal development of property or use of property.

  • If rent or other dues is not paid within two months from their due date, the license shall be terminated.

  • Department of Local Government Finance; 50 IAC 26-7-3) 50 IAC 26-7-4 Economic revitalization area deduction Authority: IC 6-1.1-31-1; IC 6-1.1-31.5-3.5Affected: IC 6-1.1-12.1; IC 6-1.1-31.5 Sec.

  • For purposes of this chapter:(1) "Economic revitalization area" means an area which is within the corporate limits of a city, town, or county which has become undesirable for, or impossible of, normal development and occupancy because of a lack of development, cessation of growth, deterioration of improvements or character of occupancy, age, obsolescence, substandard buildings, or other factors which have impaired values or prevent a normal development of property or use of property.

  • Department of Local Government Finance; 50 IAC 23-7-3; filed Jun 15, 2006, 11:25 a.m.: 20060719-IR-050050143FRA) 50 IAC 23-7-4 Economic revitalization area deduction Authority: IC 6-1.1-31-1; IC 6-1.1-31.5-3.5Affected: IC 6-1.1-12.1; IC 6-1.1-31.5Sec.

  • Department of Local Government Finance; 50 IAC 26-7-3; filed Jan 28, 2011, 3:07 p.m.: 20110223-IR-050100165FRA) 50 IAC 26-7-4 Economic revitalization area deduction Authority: IC 6-1.1-31-1; IC 6-1.1-31.5-3.5Affected: IC 6-1.1-12.1; IC 6-1.1-31.5 Sec.

Related to Economic revitalization area

  • Total Development Cost means the total of all costs incurred in the completion of a Development, all of which shall be subject to the review and approval by the Credit Underwriter and the Corporation pursuant to this rule chapter, and as further described in Rule 67-48.0075, F.A.C.

  • Built-Up Area means the sum of area of the Apartment or Flat. It shall include area encompassed within the walls of Apartment or Flat, all balconies, whether covered or un-covered, and thickness of wall. In case there be a common wall only 50% of thickness of such wall shall be taken in consideration for calculating the built-up area;

  • Development Area means that area to which a development plan is applicable.

  • Infill development means new construction on a vacant commercial lot currently held as open space.

  • Planning area means a planning area or a development area or a local planning area or a regional development plan area, by whatever name called, or any other area specified as such by the appropriate Government or any competent authority and includes any area designated by the appropriate Government or the competent authority to be a planning area for future planned development, under the law relating to Town and Country Planning for the time being in force and as revised from time to time;

  • Tax Exempt Bond-Financed Development means a Development which has been financed by the issuance of tax-exempt bonds subject to applicable volume cap pursuant to Section 42(h)(4) of the IRC.

  • Major development means an individual “development,” as well as multiple developments that individually or collectively result in:

  • Annual Work Plan and Budget means each annual work plan and budget (including related cash forecasts) for the implementation of the Project approved by the Association, referred to in Section I.D of Schedule 2 to this Agreement; and “Annual Work Plans and Budgets” means, collectively, all such plans and budgets.

  • Economic development means all powers expressly granted and reasonably inferred pursuant to SDCL § 9-54.

  • experimental development means acquiring, combining, shaping and using existing scientific, technological, business and other relevant knowledge and skills with the aim of developing new or improved products, processes or services. This may also include, for example, activities aiming at the conceptual definition, planning and documentation of new products, processes or services;

  • Development Cost means the total of all costs incurred in the completion of a Development excluding Developer Fee, operating deficit reserves, and total land cost as typically shown in the Development Cost line item on the development cost pro forma.