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RESOLUTION N0.
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF WEST MEMPHIS STATING THE INTEREST
OF THE CITY OF WEST MEMPHIS IN PARTICIPAT-
ING IN THE ARKANSAS ENTERPRISE ZONE PRO-
GRAM AND DESIGNATING ENTERPRISE ZONES IN
WEST MEMPHIS, CRITTENDEN COUNTY, ARKANSAS
WHEREAS, the Arkansas Enterprise Zone Act of 1983, Act 740 has been
enacted by the Arkansas General Assembly; and
WHEREAS, the Arkansas Enterprise Zone Program offers significant
incentives for economic development and revitalization to distressed areas
within West Memphis; and
WHEREAS, the Arkansas Industrial Development Commission (AIDC) has
designated certain tracts of census geography within West Memphis as
eligible Enterprise Zones; and
WHEREAS, the City of West Memphis has selected the areas described
herein as a potential Enterprise Zone:
an area bounded by Rainer Road on the north, the City Limits on
the south, the City Limits on the west, and South Avalon on the
east (see attached map) .
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NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WEST
MEMPHIS:
1. That the AIDC be requested to approve the areas described above
as Enterprise Zones.
2. That the City of West Memphis to follow the regulations of the
Arkansas Enterprise Zone Program and specifically those condi-
tions listed below;
a. apply for enterprise zone designation using only approved
forms (or copies of such),
b. provide all requested information required pertaining to
the potential enterprise zone under consideration, to AIDC,
c. hold at least one public hearing on the application for
enterprise zone designation,
d. assume a local commitment to provide, or undertake, the
following:
1. analysis of the adequacy of police protection within the
proposed zone, and if necessary, devise and implement a
plan for improvement thereof;
2. give priority to the use, within the proposed zone, of
any employment training or community development funds
received from the state or federal government;
3. assist AIDC in certifying employers to be eligible for
the benefits of the Arkansas Enterprise Zone Program;
4. amend existing regulations to supersede any local regu-
lations or ordinances which may serve to discourage
economic development within an enterprise zone;
5. assist AIDC in evaluating progress made in an enterprise
zone within its jurisdiction;
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6. 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 build-
ings, or any addition or improvement thereon,
for housing and legitimate business enterprise,
and machinery and equipment to be located in or
in connection with such building; and,
7. 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.
3. That this Resolution shall take effect immediately.
DATE PASSED: ~ ~ ~ ~~ ~ /~5 r
ATTEST:
Dan Craf Ci y Clerk
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