HomeMy WebLinkAbout1984-04-01-R ENDORSEMENT RESOLUTION FOR A COMPANY TO PARTICIPATE
IN THE ENTERPRISE ZONE PROGRAM
RESOLUTION STATING THE CITY OF BATESVILLE'S ENDORSEMENT OF LANIER, INC.
TO PARTICIPATE IN THE BENEFITS OF
THE ARKANSAS ENTERPRISE ZONE PROGRAM.
WHEREAS, the Arkansas Enterprise Zone Act 740 of 1983, enacted by
the Arkansas General Assembly, and
WHEREAS , the Arkansas Enterprise Zone Program offers significant
incentives for economic development to some of the most distressed areas
in the City, and
WHEREAS, the Arkansas Industrial Development Commission has designated
certain enumeration districts or block groups in the City as eligible
enterprise zones based on demographic and economic factors, and
WHEREAS, in accordance with the Arkansas Enterprise Zone Program
requirements the City agrees :
1. To analyze the adequacy of police protection within the zone or
zones , and if necessary devise and implement a plan for improve-
ment thereof.
2. To give priority to the use in the zone or zones of any not yet
committed employment training or community development funds
received from the state or federal government.
3. To provide assistance to AIDC certifying employers to be eligible
for the benefits of this program, including verification of the
location of the business , number of employees and other verifica-
tions that would have to be made at the local level .
4. To examine certain local ordinances or regulations and the impact
on economic development within the enterprise zone.
5. To assist AIDC in evaluating progress made in any enterprise zone
within its jurisdiction. This would entail a comparative analysis
of conditions in the zone prior to designation (number of workers
employed there and businesses) and conditions some time after
designation (six months or a year, etc. ) .
6. To consider exempting local sales taxes on the purchase of the
material used in the construction of a building or any addition
or improvement thereon, for housing any legitimate business
enterprise. This tax exemption would be on materials , construc-
tion and equipment used by that business on that site only.
7. 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 with the infrastructure
(streets , etc. ) or any changes in local development codes that
may affect the zone.
BE IT RESOLVED by the City in due, regular and legal session convened
this 10th day of APRIL 1984, that the LANIER, INC.
is endorsed to participate in the
Arkansas Enterprise Zone Program.
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