1984-01-01-R - Laserfiche WebLink

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r RESOLUTION # for ARKANSAS ENTERPRISE ZONE PROGRAM RESOLUTION STATING THE CITY OF BATESVILLE'S INTEREST IN PARTICIPATION IN THE ARKANSAS ENTERPRISE ZONE PROGRAM AND DESIGNATION OF SUCH ENTERPRISE ZONE IN BATESVILLE AND TO OTHERWISE PROVIDE WITH RESPECT THERETO WHEREAS, the Arkansas Enterprise Zone Act of 1983, Act 740 was enacted by the Arkansas General Assembly, and WHEREAS, the Arkansas Enterprise Zone Program offers significant incentives for economic development and revitalization to some of the most distressed areas in the city, and WHEREAS, the Arkansas Industrial Development Commission (AIDC) has designated a certain Enumeration District in Batesville as an eligible zone, based on demographic and economic factors, and WHEREAS, the city requests that the following Enumeration District be designated as an enterprise zone for the purpose of implementing the Arkansas Enterprise Zone Program, and Enumeration District 1144 SEE ATTACHED MAP WHEREAS, in accordance with the Arkansas Enterprise Zone Program requirements the City of Batesville agrees to: 1 . apply for enterprise zone designation using only approved forms (or copies of such) , 2. provide all requested information required pertaining to the potential enterprise zone under consideration, to AIDC, 3. hold at least one public hearing on the application for enterprise zone designation, 4. assume a local commitment to provide, or undertake, the following: a. analysis of the adequacy of police protection within the proposed zone, and if necessary, devise and implement a plan for improvement thereof; b. give priority to the use, within the proposed zone, of any employment training or community development funds received from the state or federal government;