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Ord. 1999-2328 - City adoption of TIRZ #1 guidelines
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Ord. 1999-2328 - City adoption of TIRZ #1 guidelines
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11/2/2016 3:39:02 PM
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7/25/2006 2:49:02 PM
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Legislative Records
Legislative Type
Ordinance
Date
5/24/1999
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<br />e e <br /> <br />2. the predominance of defective or inadequate sidewalk or <br />street layout; <br /> <br />3. faulty lot layout in relation to size, adequacy, accessibility, or <br />usefulness; <br /> <br />4. unsanitary or unsafe conditions; <br /> <br />5. the deterioration of site or other improvements; <br /> <br />6. tax or special assessment delinquencies which exceed the <br />fair market value of the land; <br /> <br />7. evidence of chronic abandonment or demolition of <br />commercial or residential structures; <br /> <br />8. defective or unusual conditions of title; <br /> <br />9. conditions that endanger life or property by fire or other <br />cause; or that <br /> <br />10. the area of the proposed Zone is predominately open and <br />because of obsolete platting, deterioration of structures or <br />site improvements or other factors substantially impair or <br />arrest the sound growth in the City. <br /> <br />b. The area within the Zone must be contiguous and be not less than <br />twenty (20) acres. <br /> <br />c. The area within the Zone currently contains ten percent (10%) or <br />less residential use. <br /> <br />The remainder of the guidelines apply to the Zone, regardless of whether it was <br />created by petition or initiated by the City. <br /> <br />B. Redevelopment Activities <br /> <br />Redevelopment Activities for the Zone must: <br /> <br />1. be in accordance with redevelopment and land use plans approved by the <br />Planning and Zoning Commission, and consistent with the City's <br />Comprehensive Plan; and <br /> <br />2. be reasonably likely to increase the aggregate taxable value of property <br />within the Zone by at least twenty (20%) percent during the life of the <br />Zone; and <br /> <br />3 <br /> <br />Revised 5/12/99 <br />
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