88511 RESOLUTION NO. 8,851
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4 A RESOLUTION STATING THE CITY OF LITTLE ROCK'S
5 INTEREST IN PARTICIPATION IN THE ARKANSAS
6 ENTERPRISE ZONE PROGRAM AND DESIGNATION OF A
7 CERTAIN ENTERPRISE ZONE IN LITTLE ROCK; AND OTHER
8 PROVISIONS RELATED THERETO.
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10 WHEREAS, the Arkansas Enterprise Zone Act of 1983, Act
11 740 was enacted by the Arkansas General Assembly, and
12 WHEREAS, the Arkansas Enterprise Zone Program offers
13 significant incentives for economic development and
14 revitalization to some of the most distressed areas in the
15 City, and
16 WHEREAS, the Arkansas Industrial Development Commission
17 (AIDC) has designated certain Enumeration Districts and
18 Census Block Groups in Little Rock as eligible Enterprise
19 Zones, based on demographic and economic factors, and
20 WHEREAS, the City requests that Block Group 6, Census
21 Tract 40.01 be substituted for Block Group 1, Census Tract
22 8, and that said Block Group 1, Census Tract 8 be a
23 designated zone for the purpose of implementing the Arkansas
24 Enterprise Zone Program, and
25 WHEREAS, in accordance with the Arkansas Enterprise
26 Zone Program requirements, the City of Little Rock agrees
27 to:
28 1. apply for Enterprise Zone designation using only
29 approved forms (or copies of such),
30 2. provide all requested information required
31 pertaining to the potential Enterprise Zone under
32 consideration, to AIDC,
33 3. hold at least one public hearing on the
34 application for Enterprise Zone designation,
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4. assume a local commitment to provide, or undertake
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the
following:
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a.
analysis of the adequacy of police protection
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within the proposed zone, and, if necessary,
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devise and implement a plan for improvement
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thereof;
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b.
give priority to the use, within the proposed
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zone, of any employment training or community
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development funds received from the state or
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federal government;
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C.
assist AIDC in certifying employers to be
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eligible for the benefits of the Arkansas
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Enterprise Zone Program;
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d.
amend existing regulations to supersede any
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local regulations or ordinances which may
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serve to discourage economic development
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within an Enterprise Zone;
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e.
assist AIDC in evaluating progress made in an
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Enterprise Zone within its jurisdiction;
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f.
waive any local sales or use tax imposed by
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the governing body on the purchase of the
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material used in the construction of a
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building or buildings, or any addition or
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improvement thereon, for housing any
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legitimate business enterprise, and machinery
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and equipment to be located in or in
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connection with such building; and,
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g.
to keep AIDC informed whenever changes occur
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within the zone, i.e., an establishment goes
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out of business, is destroyed by fire, flood,
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etc., new development takes place within the
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infrastructure (streets, etc.) , changes in
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local development codes that may affect the
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zone, etc.
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NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF
DIRECTORS OF THE CITY OF LITTLE ROCK, ARKANSAS:
SECTION 1. That the City will participate in the
Arkansas Enterpise Zone Program and request designation by
the Arkansas Industrial Development Commission of the
aforementioned geographic area as an Enterprise Zone.
SECTION 2. 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.
SECTION 3. That all resolutions or parts thereof in
conflict herewith are repealed.
ADOPTED: January 5, 1993
ATTEST:
<:72 Qn'7A-%A Gk'
City Clerk Robbie Hancock
APPROVED AS TO FORM:
Thomas M. CarpentAr
City Attorney
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APPROVED:
Mayo Jim Dailey
M