HomeMy WebLinkAbout1986-07-01-R t
CW NO. '3 6 -f7
RESOLUTION FOR
ARKANSAS ENTERPRISE ZONE PROGRAM
RESOLUTION STATING BATESVILLE'S INTEREST IN PARTICIPATION IN THE
ARKANSAS ENTERPRISE 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 revitilization to some of the
most distressed areas in the city, and
WHEREAS, the Arkansas Industrial Development Commission (AIDC)
has designated certain Enumeration Districts in Batesville as
eligible enterprise zones, based on demographic and economic factors,
and
WHEREAS, the city requests that Enumeration District #11496 be
designated an enterprise zone for the purpose of implementing the
Arkansas Enterprise Zone Program, and
r WHEREAS, in accordance with the Arkansas Enterprise Zone Program
requirements Batesville agrees to:
1. apply for enterprise zone designation using only 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;
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