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RESOLUTION NO. 7,816
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 2, Census
Tract 20.02 be substituted for Block Group 3, Census Tract 5
and that said B1ock.Group 2, Census Tract 20.02 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 under-
take the following:
a. analysis of the adequacy of police
protection within the proposed zone, and
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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 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 building; 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 Little Rock Board of Directors in
legal session convened this 21st day of July, 1987, that the
City will participate in the Arkansas Enterprise Zone
Program and request designation by the Arkansas Industrial
Development Commission of the aforementioned geographic area
as an Enterprise Zone.
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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: July 21, 1987
ATTEST: - - -- APPROVED -- �
Ci y Clerk J e Czech Mayor Lottie Shackelford
APPROVED AS TO FORM:
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Mark Stodola, City Attorney