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RESOLUTION NO. 7,984
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 4, Census
Tract 41.03 be substituted for Block Group 2, Census Tract 5
and that said Block Group 4, Census Tract 41.03 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:
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apply for Enterprise Zone designation using only
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approved forms (or copies of such),
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2.
provide all requested information required
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pertaining to the potential Enterprise Zone under
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consideration, to AIDC,
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3.
hold at least one public hearing on the
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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
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protection within the proposed zone, and
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if necessary, devise and implement a plan
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for improvement 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
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any local regulations or ordinances which
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may 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
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an 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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BE IT RESOLVED by the Litle Rock Board of Directors in
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legal session convened this 19th day of July, 1988, that the
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City will participate in the Arkansas Enterprise Zone
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Program and request designation by the Arkansas Industrial
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Development Commission of the aforementioned geographic area
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as an Enterprise Zone.
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BE IT FURTHER RESOLVED that if any provision or item of
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this resolution or the application thereof is held invalid,
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such invalidity shall not affect other provisions, items or
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applications of this resolution which can be given effect
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without the invalid provisions, items or applications and to
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this end the provisions of this resolution are hereby
declared severable.
BE IT FURTHER RESOLVED that all resolutions or parts
thereof in conflict herewith arerepealed.
ADOPTED: July 19, 1988
ATTEST :� APPROVED:
C !�
it► , Clark Jane Czech Assistant Mayor F. G. Villines
APPROVED AS TO FORM:
Mark Stodola, City Attorney
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