HomeMy WebLinkAbout1984-01-01-R 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;
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 develop-
ment 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
building; 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 in due, regular and legal session convened
this 10th day of January, 1984, that the city will participate in the
Arkansas Enterprise Zone Program and request designation by the Arkansas
Industrial Development Commission of the aforementioned geographic area
as an enterprise zone.
BE IT FURTHER RESOLVED that if any provision or item 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 provisons of this resolution are hereby declared severable.
BE IT FURTHER RESOLVED that all resolutions or parts thereof in
conflict herewith are repealed.
ENTERED this Q' day of January 1984.
May
City Clerk
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