Laserfiche WebLink
t <br /> CW NO. '3 6 -f7 <br /> RESOLUTION FOR <br /> ARKANSAS ENTERPRISE ZONE PROGRAM <br /> RESOLUTION STATING BATESVILLE'S INTEREST IN PARTICIPATION IN THE <br /> ARKANSAS ENTERPRISE PROGRAM AND DESIGNATION OF SUCH ENTERPRISE ZONE <br /> IN BATESVILLE AND TO OTHERWISE PROVIDE WITH RESPECT THERETO <br /> WHEREAS, the Arkansas Enterprise Zone Act of 1983, Act 740 was <br /> enacted by the Arkansas General Assembly, and <br /> WHEREAS, the Arkansas Enterprise Zone Program offers significant <br /> incentives for economic development and revitilization to some of the <br /> most distressed areas in the city, and <br /> WHEREAS, the Arkansas Industrial Development Commission (AIDC) <br /> has designated certain Enumeration Districts in Batesville as <br /> eligible enterprise zones, based on demographic and economic factors, <br /> and <br /> WHEREAS, the city requests that Enumeration District #11496 be <br /> designated an enterprise zone for the purpose of implementing the <br /> Arkansas Enterprise Zone Program, and <br /> r WHEREAS, in accordance with the Arkansas Enterprise Zone Program <br /> requirements Batesville agrees to: <br /> 1. apply for enterprise zone designation using only forms (or <br /> copies of such). <br /> 2. provide all requested information required pertaining to the <br /> potential enterprise zone under consideration, to AIDC. <br /> 3. hold at least one public hearing on the application for <br /> enterprise zone designation. <br /> 4. assume a local commitment to provide, or undertake, the <br /> following: <br /> a. analysis of the adequacy of police protection within the <br /> proposed zone, and if necessary, devise and implement a <br /> plan for improvement thereof; <br /> b. give priority to the use, within the proposed zone, of <br /> any employment training or community development funds <br /> received from the state or federal government; <br />