Revitalization Area means any area for which the chief executive officer (or the equivalent) of the local jurisdiction in which the development is to be located certifies as follows: (i) either (1) the area is blighted, deteriorated, deteriorating or, if not rehabilitated, likely to deteriorate by reason that the buildings, improvements or other facilities in such area are subject to one or more of the following conditions- dilapidation, obsolescence, overcrowding, inadequate ventilation, light or sanitation, excessive land coverage, deleterious land use, or faulty otherwise inadequate design, quality or condition, or (2) the industrial, commercial or other economic development of such area will benefit the city or county but such area lacks the housing needed to induce manufacturing, industrial, commercial, governmental, educational, entertainment, community development, healthcare or nonprofit enterprises or undertakings to locate or remain in such area; and (ii) private enterprise and investment are not reasonably expected, without assistance, to produce the construction or rehabilitation of decent, safe and sanitary housing and supporting facilities that will meet the needs of low and moderate income persons and families in such area and will induce other persons and families to live within such area and thereby create a desirable economic mix of residents in such area. The area within a redevelopment project, conservation project, or rehabilitation district established by the city or county pursuant to Chapter 1 (§36-1 et seq.) of Title 36 shall be deemed a revitalization area without any such certification. Any such revitalization area must either (a) include discussions from the locality of the type of developments that will be encouraged, the potential sources of funding, and services to be offered in the area; or (b) be subject to a plan using Hope VI funds from HUD. A comprehensive plan does not qualify as certification of a revitalization area.
Revitalization Area means the area outlined on Schedule “A”.
Revitalization Area means the geographic area adopted by a sponsoring local government and approved by the approving agency, from which local sales and use tax increments are estimated and property tax allocation revenues are derived for local revitalization financing.
Examples of Revitalization Area in a sentence
The project proposes to incorporate historic tax credits.1 Point N/A (v) Revitalization Area Project.
A credit is allowed for each newly-created qualified filled position located in a Revitalization Area.
City Council created the Community Appearance Grant program to provide economic incentives for property owners to improve the general appearance of properties located within the City’s designated Urban Revitalization Area.
Five (5) points will be awarded where at least twenty-five percent (25%) of the program activity will occur in a Community Revitalization Area.
Resolution accepting applications for property tax exemption for improvements made to property located within the City of Sioux City Urban Revitalization Area.
More Definitions of Revitalization Area
Revitalization Area means one of the areas outlined on Schedule “A”, which is attached to and forms part of this Bylaw;
Revitalization Area means an area designated and set out on Schedule “A” attached hereto and forming part of this Bylaw;
Revitalization Area means the geographic area
Revitalization Area means the geographic area adopted by a
Revitalization Area means an area that, upon the
Revitalization Area means the area within the bold outline on the drawing, which is attached as Schedule ‘A’ to this bylaw, and the area includes the core downtown commercial and residential districts within the City of Terrace;
Revitalization Area means the area in the downtown of the City of Prince George outlined as shown in Schedule “A”;