1986-07-01-R - Laserfiche WebLink

Home Browse Search

A c. assist AIDC in certifying employers to be eligible for the benefits of the Arkansas Enterprise Zone Program; d. amend existing regulations to supersede any local regulations or ordinances which may serve to discourage economic development within an enterprise zone; e. assist AIDC in evaluating progress made in an enterprise zone within its jurisdiction; f. waive any local sales or use tax imposed by the governing body on the purchase of the material used in the construction of a building or buildings, or any addition or improvement thereon, for housing any legitimate business enterprise, and machinery and equipment to be located in or in connection with such buildings, and; g. to keep AIDC informed whenever changes occur within the zone, i .e. , an establishment goes out of business, is destroyed by fire, flood, etc. , new development takes place within the infrastructure (streets, etc. ) , changes in local development codes that may affect the zone, etc. BE IT RESOLVED by the City Council in due, regular and legal session convened this 2Z day of _T0 L q , 1986, that the city will participate iin the Arkansas Enterprise Zone Program and request designation by the Arkansas Industrial Development Commission of the aforementioned geographic area(s) as enterprise zone(s) . BE IT FURTHER RESOLVED that if any provision or items of this resolution or the application thereof is held invalid, such invalidity shall not affect other provisions, items or applications of this resolution which can be given effect without the invalid provisions, items or applications and to this end the provisions of this resolution are hereby declared severable. BE IT FURTHER RESOLVED that all resolutions or parts thereof in conflict herewith are repealed. ENTERED this 7-2- day of TU L-J 1986. r Witness