7137RESOLUTION NO. 7,137
A RESOLUTION STATING THE CITY OF LITTLE ROCK'S
INTEREST IN PARTICIPATION IN THE ARKANSAS
ENTERPRISE ZONE PROGRAM AND DESIGNATION OF
CERTAIN ENTERPRISE ZONES IN LITTLE ROCK AND
OTHER PROVISIONS RELATED 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 certain Enumeration Districts and Census Block Groups in Little Rock
as eligible Enterprise Zones, based on demographic and economic factors, and
WHEREAS, the City requests that Block Groups 2 and 9 in Census Tract 40.03
be designated zones for the purpose of implementing the Arkansas Enterprise Zone
Program, and
WHEREAS, in accordance with the Arkansas Enterprise Zone Program require-
ments the City of Little Rock 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 regu-
lations 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 con-
struction 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,
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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 Little Rock Board of Directors in due, regular and
legal session convened this 17th 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
areas as Enterprise Zones.
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.
BE IT FURTHER RESOLVED that all resolutions or parts thereof in conflict
herewith are repealed.
ADOPTED: January 17, 1984
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