Ordinance 2019-07: Parke County

Ordinance 2019-07

AN ORDINANCE CREATING AN INFRASTRUCTURE

DEVELOPMENT ZONE

WHEREAS, Parke County, Indiana was previously designated as a Broadband Ready Community pursuant to I.C. 5-28-28.5-7 for the purpose of encouraging broadband infrastructure development, and;

WHEREAS, the Parke County Board of Commissioners desire to further encourage investment by companies in the broadband infrastructure of Parke County, Indiana, and;

WHEREAS, I.C. 6-1.1-12.5 allows for designation of an Investment Readiness Zone allowing for property tax exemptions to companies investing in infrastructure in the Investment Readiness Zone.

WHEREAS, as required by I.C. 6-1.1-12.5-4 the Parke County Board of Commissioners find as follows:

  1. Adequate eligible broadband infrastructure is not available within Parke County, Indiana;
  2. Providing a property tax exemption to a person for investing in eligible broadband infrastructure in the zone will provide:
  3. Opportunities for increased availability of broadband service, and
  4. Economic development benefits in the zone.

NOW, THEREFORE, BE IT ORDAINED by the Board of Commissioners of Parke County, Indiana that:

  1. Parke County, Indiana henceforth shall be designated as an Investment Readiness Zone pursuant to and in accordance with I.C. 6-1.1-12.5, and;
  2. Eligible broadband infrastructure located in the zone shall be exempt from property taxation pursuant to I.C. 6-1.1-12.5.

Unanimous consent of Parke County Board of Commissioners who were present on the 6th day of May 2019 to consider the ordinance on the same date as introduced.

Board of Commissioners of Parke County, IN

Jim Meece

Bruce Hartman

Dan Collom

Ordinance Approved this 6th day of May 2019

Board of Commissioners of Parke County, IN

Jim Meece

Bruce Hartman

Dan Collom

ATTEST:

Laura Fischer, Parke County Auditor

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