RES NO 03-05-1984 3
1
CITY OF VAN BUREN, ARKANSAS
RESOLUTION NO. T- .3 -1984
A RESOLUTION STATING THE CITY OF VAN BUREN'S INTEREST IN PARTICIPATION IN THE ARKANSAS
ENTERPRISE ZONE PROGRAM AND AUTHORIZING THE MAYOR 10 MAKE APPLICATION FOR SUCH DESICJA-
0 TION WITHIN THE CITY OF VAN BUREN.
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 dis-
tressed areas in the City; and
WHEREAS, The Arkansas Industrial Development Commission (AIDC) has designated
certain Enumeration Districts and Census Block Groups in the City as
eligible Enterprise Zones, based on demographic and economic factors;
and
WHEREAS, The City requests that the certain areas of the City be designated
Enterprise Zones for the purpose of implementing the Arkansas Enter-
prise Zone Program, as designated in the City's application for
designation; and
WHEREAS, In accordance with the Arkansas Enterprise Zone Program requirements,
the City 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 to AIDC;
3. Hold at least one public hearing on the application for
Enterprise Zone Designation;
4. Assume a local commitment to provide, or undertake, the
following:
a. Analysis of the adequacy of police protection within
the proposed zone and, if necessary, devise and imple-
ment a plan for improvement thereof;
b. Give priority to the use, within 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;
d. Amend existing regulations to supersede any local regu-
lations or ordinances which may serve to discourage
economic development within an Enterprise Zone;
e e. Assist AIDC in evaluating progress made in an Enterprise
Zone within its jurisdiction;
f. Waive any local sales or use tax imposed by the govern-
ing body on the purchase of the material used in the
construction of a building or buildings, or any addition
or improvement thereon, for housing any legitimate busi-
ness enterprise, and machinery and equipment to be locat-
ed in or in connection with such building; 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.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF VAN BUREN, ARKANSAS:
THAT, The City of Van Buren will participate in the Arkansas Enterprise Zone
Program and request designation by the Arkansas Industrial Development
Commission of the certain geographic areas as Enterprise Zones,
THAT, The Mayor is hereby authorized and directed to make the necessary
application to AIDC for such designation,
THAT, If any provision or item of this Resolution or the application thereof
is held invalid, such invalidity shall not affect other provisions,
items or applications of this Resolution which can be given effect
without the invalid provisions, items or applications and to this end
the provisions of this Resolution are hereby declared severable,
THAT, All resolutions or parts thereof in conflict herewith are repealed.
PASSED AND APPROVED THIS 19th DAY OF March 19 84
124
MAYOR
ATEbSTED:
ITY CLERK TREASRUER