Laserfiche WebLink
ENDORSEMENT RESOLUTION FOR A COMPANY TO PARTICIPATE <br /> IN THE ENTERPRISE ZONE PROGRAM <br /> RESOLUTION STATING THE CITY OF BATESVILLE'S ENDORSEMENT OF LANIER, INC. <br /> TO PARTICIPATE IN THE BENEFITS OF <br /> THE ARKANSAS ENTERPRISE ZONE PROGRAM. <br /> WHEREAS, the Arkansas Enterprise Zone Act 740 of 1983, enacted by <br /> the Arkansas General Assembly, and <br /> WHEREAS , the Arkansas Enterprise Zone Program offers significant <br /> incentives for economic development to some of the most distressed areas <br /> in the City, and <br /> WHEREAS, the Arkansas Industrial Development Commission has designated <br /> certain enumeration districts or block groups in the City as eligible <br /> enterprise zones based on demographic and economic factors, and <br /> WHEREAS, in accordance with the Arkansas Enterprise Zone Program <br /> requirements the City agrees : <br /> 1. To analyze the adequacy of police protection within the zone or <br /> zones , and if necessary devise and implement a plan for improve- <br /> ment thereof. <br /> 2. To give priority to the use in the zone or zones of any not yet <br /> committed employment training or community development funds <br /> received from the state or federal government. <br /> 3. To provide assistance to AIDC certifying employers to be eligible <br /> for the benefits of this program, including verification of the <br /> location of the business , number of employees and other verifica- <br /> tions that would have to be made at the local level . <br /> 4. To examine certain local ordinances or regulations and the impact <br /> on economic development within the enterprise zone. <br /> 5. To assist AIDC in evaluating progress made in any enterprise zone <br /> within its jurisdiction. This would entail a comparative analysis <br /> of conditions in the zone prior to designation (number of workers <br /> employed there and businesses) and conditions some time after <br /> designation (six months or a year, etc. ) . <br /> 6. To consider exempting local sales taxes on the purchase of the <br /> material used in the construction of a building or any addition <br /> or improvement thereon, for housing any legitimate business <br /> enterprise. This tax exemption would be on materials , construc- <br /> tion and equipment used by that business on that site only. <br /> 7. To keep AIDC informed whenever changes occur within the zone , <br /> i .e. , an establishment goes out of business , is destroyed by fire, <br /> flood, etc. , new development takes place with the infrastructure <br /> (streets , etc. ) or any changes in local development codes that <br /> may affect the zone. <br /> BE IT RESOLVED by the City in due, regular and legal session convened <br /> this 10th day of APRIL 1984, that the LANIER, INC. <br /> is endorsed to participate in the <br /> Arkansas Enterprise Zone Program. <br /> BE IT FURTHER RESOLVED that if any provision or item of this resolution <br /> or the application thereof is held invalid , such invalidity shall not affect <br />