HomeMy WebLinkAbout1984-09-01-R ENDORSEMENT RESOLUTION FOR A COMPANY TO PARTICIPATE
IN THE ENTERPRISE ZONE PROGRAM
RESOLUTION STATING THE CITY OF BATESVILLE 'S ENDORSEMENT OF OMEGA CONTAINER
BATESVILLE, 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 of Batesville, and
WHEREAS, the Arkansas Industrial Development Commission has designated
certain enumeration districts or block groups in the City of Batesville
as eligible enterprise zones based on demographic and economic factors,
and
WHEREAS, in accordance with the Arkansas Enterprise Zone Program
requirements the City of Batesville agrees:
1 . To analyze the adequacy of police protection within the zone
or zones, and if necessary devise and implement a plan for
improvement 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 verifications
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, construction
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-of B tesville in due, regular and legal session
convened this day of 1984, that Omega Container
Batesville, 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 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.
/ZMAyor
C�
City Clerk
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