1984-07-03-R - Laserfiche WebLink

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t 3q _ � _ • RESOLUTION FOR ENTERPRISE ZONE PROGRAM BATESVILLE, ARKANSAS RESOLUTION STATING BATESVILLE'S INTEREST IN PARTICIPATION IN THE ARKANSAS ENTERPRISE ZONE PROGRAM AND DESIGNATION OF SUCH ENTERPRISE ZONES IN BATESVILLE/INDEPENDENCE COUNTY 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/county, and WHEREAS, the Arkansas Industrial Development Commission (AIDC) has designated certain Enumeration Districts and Census Block Groups in Batesville/Independence County as eligible enterprise zones, based on demographic and economic factors, and WHEREAS, the City/County requests that the following Enumeration District be designated an enterprise zone for the purpose of implementing the Arkansas Enterprise Zone Program, and substitution of Enumeration District 1141 for Enumeration District 1132, and (SEE ATTACHED MAP) WHEREAS, in accordance with the Arkansas Enterprise Zone Program requirements the City Council and Quorum Court of Batesville/Independence County 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;