Industrial park conservation area definition

Industrial park conservation area means an area within the boundaries of a redevelopment project area located within the territorial limits of a municipality that is a labor surplus municipality or within 1 1/2 miles of the territorial limits of a municipality that is a labor surplus municipality if the area is annexed to the municipality; which area is zoned as industrial no later than at the time the municipality by ordinance designates the redevelopment project area, and which area includes both vacant land suitable for use as an industrial park and a blighted area or conservation area contiguous to such vacant land.
Sample 1Sample 2Sample 3
Industrial park conservation area means an area within the boundaries oE a redevelopment project area located within the territorial limits oE a municipality that is a labor surplus municipality or within 1 1/2 miles oE the territorial limits oE a municipality that is a labor surplus municipality iE the area is annexed to the municipality; which area is zoned as industrial no later than at the time the municipality by ordinance designates the redevelopment project area, and which area includes both vacant land suitable Eor use as an industrial park and a blighted area or conservation area contiguous to such vacant land.
Sample 1Sample 2Sample 3
Industrial park conservation area means an area
Sample 1Sample 2Sample 3

Examples of Industrial park conservation area in a sentence

  • To foster industrial development, the inclusion the definition of "Industrial park conservation area" was placed in the TIF statute.


More Definitions of Industrial park conservation area

Industrial park conservation area means an area within the boundaries of a redevelopment
Sample 1Sample 2
Industrial park conservation area means an area within the boundaries of a Redevelopment Project Area located within the territorial limits of a municipality that is a labor surplus municipality or within 1½ miles of the territorial limits of a municipality that is a labor surplus area if the area is annexed to the municipality; which area is zoned industrial no later than at the time the municipality by ordinance designates the Redevelopment Project Area, and which area includes both Vacant Land suitable for use as an industrial park and a blighted area or conservation area contiguous to such Vacant Land. The Redevelopment Project Area is not being qualified as an Industrial Park Conservation Area. _ _ _ _IV. ELIGIBILITY CONCLUSIONS This report concludes that the Oakland-Sycamore Redevelopment Project Area #3 is eligible for Tax Increment Finance (“TIF”) designation as a Blighted Area Improved Land.Analysis of Factors for Designation as a “TIF” Blighted AreaThe Redevelopment Project Area meets the requirements of the Act for designation ofImproved Land as a Blighted Area. Improved LandThe Redevelopment Project Area meets the requirements of Section 11-74.4-3 (a) (1), (B), (C), (D), (F), (H), (J), and (L) of the Act for designation of Improved Land as a Blighted Area. For designation as a Blighted Area for Improved Land, five or more of thirteen factors must be met. The following seven factors are present in the Improved Land: • Obsolescence• Deterioration• Below Minimum Code• Deleterious Land Use or Layout• Excessive Vacancies• Inadequate utilities• Community Planning Analysis of Factors Presence and Distribution There must be a reasonable presence of and distribution of these factors in the Redevelopment Project Area, as stated in the Act. The factors presented are reasonably present and distributed in the Improved Land in the Redevelopment Project Area. Analysis of Size RequirementsThe Redevelopment Project Area includes approximately 16.25 acres, in excess of the minimum 1½ acres required by the Act. Analysis of Evidence Lack of Development by Private Enterprise There are excessive vacancies. The largest parcels in the Redevelopment Project Area are tax exempt and, therefore, have no Equalized Assessed Valuation (“EAV “).The City has pursued developers, but without financial incentives, has been unable to attract developers to the Redevelopment Project Area. The obsolete and deteriorated nature of residential and governmental properties has resulted in little development in these areas...
Sample 1
Industrial park conservation area means an area within the boundaries of a redevelopment project area located within the corporate limits of a municipality or within 1 1/2 miles of the corporate limits of a municipality if the area is to be annexed to the municipality, if the area is zoned as industrial no later than the date on which the municipality by ordinance designates the redevelopment project area, and if the area includes improved or vacant land suitable for use as an industrial park or a research park, or both. To be designated as an industrial park conservation area, the area shall also satisfy one of the following standards:
Sample 1

Related to Industrial park conservation area

  • Industrial park means an area in a blighted or conservation area suitable for use by any manufacturing, industrial, research or transportation enterprise, of facilities to include but not be limited to factories, mills, processing plants, assembly plants, packing plants, fabricating plants, industrial distribution centers, warehouses, repair overhaul or service facilities, freight terminals, research facilities, test facilities or railroad facilities.

  • Urban area means Maricopa and Pima counties, excluding Tribal Lands.

  • Rural area means any county with a population of fewer than twenty thousand individuals. "Small business concern," as used in this clause, means a concern, including its affiliates, that is

  • Redevelopment Area means the community redevelopment area described, defined or otherwise identified or referred to in the Redevelopment Plan.

  • Easement Area means the area which is hatched on the plan.

  • exploration area means that part of the Area allocated to the Contractor for exploration, described in schedule 1 hereto, as the same may be reduced from time to time in accordance with this contract and the Regulations;

  • farm building means that part of a bona fide farming operation encompassing barns, silos and other ancillary development to an agricultural use, but excluding a residential use;