1098RESOLUTION N0. ~~
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 MEMPHTS, ARKANSAS, AND
STATING CERTAIN ASSURANCES WITH REGARD THERETO.
WHEREAS, the Arkansas Industrial Development Commission (AIDC) has desig-
Hated 17 census block groups in the City of West Memphis, Arkansas as eligible
enterprise zones based on demographic and economic factors pursu~int to the
Arkansas Enterprise Zone Act of 1983 (Act 813); and that
WHEREAS, the City of West Memphis, Arkansas, requests that census tract 301
block group 3 be approved as a substitute. enterprise zone for eligible census
tract 304 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 designation of Census Tract 301 block group 3
an 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 301, block group 3 as~~n enterprise
zone for the purpose of implementing the Arkansas Enterprise Zone Program.
WHEREAS, In accordance with the Arkansas Enterprise Zone Program require-
ments, 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:
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 employ-
ment 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 appro-
priate; 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.
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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.
DATE PA~
ATTEST:
SPO SORED BY:
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