1345RESOLUTION HO. 13 4 5
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 seventeen census blocks areas 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 1989; and that
WHEREAS, the City of West Memphis, Arkansas, requests that
Census Tract 302, Block Group 2, be approved as a substitute
enterprise zone for eligible Census Tract 305, Block Group 2,
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
designating of Census Tract 302, Hlock Group 2, 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, rill participate in
the Arkansas Enterprise Zone Program and requests designation by
the Arkansas Industrial Development Commission of Census Tract
302, Block Group 2, as an enterprise zone for the purpose of
implementing the Arkansas Enterprise Zone Program.
WHEREAS, In accordance rith the Arkansas Enterprise Zone
Program requirements, the City of West Memphis, 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
folloring:
a. analysis of the adequacy of police protection
within tt--e proposed zone and, if necessary,
devise and implement a plan for improvement
thereof ;
b. give priority to the use, rithin 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;
Resolution Ho. 1345
Page 2
d. examine existing regulations nr 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 consider 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. ), changes in local
development codes that may effect the zone, etc.
That the Mayor of the City of West Memphis, Arkansas, is
hereby authorized to submit the required application and to
fulfill the requirements of said progx-am that may now or
hereafter by enacted or promulgated by the Arkansas General
Assembly or the Arkansas Industrial Development Commission.
Date Passed:
RECEIVED
CITY CLERK OFFICE
DATE 'a 9~
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Approved:
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PRaPOSED
ENTERPRISE ZONE
BLOCK GROUP Z.
CENSUSTRA~T 302..