1299RESOLUTION NO. ~~
A RESOLUTION STATING INTEREST BY THE CITY OF WEST
MEMPHIS, ARKANSAS, TO PARTICIPATE IN THE ARKANSAS
ENTERPRISE ZONE PROGRAM, DESCRIBING SUCH ENTERPRISE
ZONE WITHIN THE CITY OF WEST MEMPHIS, ARKANSAS, AND
STATING CERTAIN ASSURANCES WITH REGARD THERETO.
WHEREAS, the Arkansas Industrial Development Commission
(AIDC) has designated 17 census block groups in the City of
West Memphis, Arkansas as eligible enterprise zones based
on demographic and economic factors pursuant to the
Arkansas Enterprise Zone Act of 1983 (Act 813); and that
WHEREAS, the City of West Memphis, Arkansas, requests
that census tract 307 block group 1 as delineated by the
1980 census map be approved as a substitute enterprise zone
for eligible census tract 305 block group 3 as delineated
by the 1980 census map for the purpose of implementing the
Arkansas Enterprise Zone Program; and that
WHEREAS, the City of West Memphis, Arkansas has held a
duly publicized public hearing for the purpose of receiving
citizen comments with regard to the Enterprise Zone Program
and the designation of Census Tract 307 block group 1 as
delineated by the 1980 census map as an enterprise zone.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF
THE CITY OF WEST MEMPHIS, ARKANSAS:
That the City of West Memphis, Arkansas, will
participate in the Arkansas Enterprise Zone Program and
requests designation by the Arkansas Industrial Development
Commission of Census Tract 307, Block group 1 as delineated
by the 1980 census map as an enterprise zone for the
purpose of implementing the Arkansas Enterprise Zone
~1 Program.
WHEREAS, In accordance with the Arkansas Enterprise
Zone Program requirements, the City of West Memphis,
Arkansas, 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;
3. Assume a local commitment to provide to undertake
the following:
1
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 of 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. examine existing regulations or ordinances
and their impact on economic development
within the enterprise zone;
e. assist AIDC in evaluating progress made in an
enterprise zone within its jurisdiction;
f. evaluate the impacts of waiving any sales tax
imposed by the local governing body, and
agree to waive those taxes on items that are
eligible for the state's sales and use tax
credit where appropriate; 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.j, changes in
local development codes that may affect the
zone, etc.
That the Mayor of the City of West Memphis, Arkansas,
is hereby authorized to submit the required application to
fulfill the requirements of said program that may now or
hereafter be enacted or promulgated by the Arkansas General
Assembly or the Arkansas Industrial Development Commission.
ADOPTED this b"fH day of 1992.
KEITH M. INGRAM, Mayor
SPONSORED BY:
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