The Premier Economic Development District (the "District") is
established to facilitate the growth of development in the Village
of Kimberly that will have a significant positive economic impact
by allowing for greater freedom, imagination and flexibility in the
development of land while ensuring substantial compliance with the
basic intent of the zoning ordinance and the general plan for community
development. The District allows diversification and variation in
the relationship of uses, structures, open spaces and heights of structures
in developments conceived and implemented as comprehensive and cohesive
unified projects. It is further intended to encourage more rational
and economic development in regard to public services and encourage
and facilitate preservation of open land.
"Economic development project" means a project or projects within
the District that, alone or together, have an estimated comprehensive
new construction assessed valuation increase of at least $20,000,000,
as established and certified by an independent third-party appraiser
or market research firm that provides a written report regarding the
estimated value to be created by the project or projects.