HomeMy WebLinkAbout77191
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
RESOLUTION NO. _7,719
A RESOLUTION STATING THE CITY OF LITTLE ROCK'S
INTEREST IN PARTICIPATION IN THE ARKANSAS
ENTERPRISE ZONE PROGRAM AND DESIGNATION OF A
CERTAIN ENTERPRISE ZONE 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 Group 3, Census
Tract 9 be substituted for Block Group 4, Census Tract 5 and
that said Block Group 3, Census Tract 9 be a designated zone
for the purpose of implementing the Arkansas Enterprise Zone
Program, and
WHEREAS, in accordance with the Arkansas Enterprise
Zone Program requirements 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:
27
2 -z-y
6.13
i
28
1
a.
analysis of the adequacy of police protection
2
within the proposed zone, and if necessary,
3
devise and implement a plan for improvement
4
thereof;
5
b.
give priority to the use, within the
6
proposed zone, of any employment training
7
or community development funds received
8
from the state or federal government;
9
C.
assist AIDC in certifying employers to be
10
eligible for the benefits of the Arkansas
11
Enterprise Zone Program;
12
d,
amend existing regulations to supersede any
13
local regulations or ordinances which may
14
serve to discourage economic development
within an Enterprise Zone;
15
e.
assist AIDC in evaluating progress made in
16
an Enterprise Zone within its' jurisdiction;
17
f.•
waive any local sales or use tax imposed by
18
the governing body on the purchase of the
19
material used in the construction of a
20
building or buildings, or any addition or
21
improvement thereon, for housing any
22
legitimate business enterprise, and
23
machinery and equipment to be located in or
24
in connection with such building; and,
25
g.
to keep AIDC informed whenever changes occur
26
within the zone, i.e., an establishment goes
27
out of business, is destroyed by fire, flood,
28
etc., new development takes place within the
29
infrastructure (streets, etc.), changes in
30
local development codes that may affect the
31
zone, etc.
32
BE IT RESOLVED by the Little Rock Board of Directors in
33
legal session
convened this 28th day of January, 1987, that
34
the City will
participate in the Arkansas Enterprise Zone
35
Program and request designation by the Arkansas Industrial
36
w w w w w w� wi wr w
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
= W = W w
Development Commission of the aforementioned geographic area
as an Enterprise Zone.
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: �ar��ary 28�_1Q81
ATTEST
ty Clerk °Jane Czech Mayor Lottie Shackleford
Mark StodolWj City Attorney
29