HomeMy WebLinkAboutRES.2587.12-20-2010BILL NO. 10-185
RESOLUTION NO. ?br�
A RESOLUTION AUTHORIZING THE CITY OF CAPE
GIRARDEAU, MISSOURI, TO PROVIDE TAX
ABATEMENT AND TO DETERMINE TYPES OF ELIGIBLE
BUSINESSES, FOR THE ORGANIZATION AND THE
PLAN OF AN ENHANCED ENTERPRISE ZONE
WHEREAS, the De
State of Missouri
Girardeau,s proposed
for designation as an
135.950; and
partment of Economic Development of the
has confirmed that the County of Cape
Enhanced Enterprise Zone meets guidelines
Enhanced Enterprise Zone, as set forth in
WHEREAS, Sections 135.950 to 135.973, RSMo, provides a
means and an opportunity for the City of Cape Girardeau to
cooperate with the State of Missouri to relieve economic
distress and attract new jobs to our area; and
WHEREAS, it is in the interest of the City of Cape
Girardeau that efforts be made to encourage economic development
within the County of Cape Girardeau and that these economic
development efforts are compatible with the City of Cape
Girardeau's Comprehensive Plan; and,
WHEREAS, the City Council of the City of Cape Girardeau
supports this type of incentive to assist businesses in their
efforts to locate in the County of Cape Girardeau; and,
WHEREAS, the County of Cape Girardeau plans to submit an
application to the Missouri Department of Economic Development
for an Enhanced Enterprise Zone designation within the County of
Cape Girardeau, and as required by the State, a seven (7) person
Board must be appointed by the Cape Girardeau County Officials
as part of the application; and
NOW, THEREFORE, BE IT RESOLUTION BY THE CITY COUNCIL OF THE
CITY OF CAPE GIRARDEAU, MISSOURI, AS FOLLOWS:
SECTION 1. That eligible facilities shall include those
companies which operate in Missouri under the following North
American Industrial Classification Codes (NAILS). The primary
clusters include:
➢ Manufacturing (NAICS 31 - 33)
➢ Wholesale Trade (NAICS 42)
➢ Transportation & Warehousing (NAICS 48 - 49)
➢ Information (NAICS 51)
➢ Finance and Insurance (NAICS 52)
➢ Professional, Scientific and Professional (NAICS 54)
➢ Administrative and Waste Services (NAICS 56)
SECTION 2. That eligible facilities will receive a minimum
of 500-. abatement of property taxes for improvements made to real
property for a period of 10 years from assessment of
improvements.
SECTION 3. That eligible companies
application requesting abatement
Administrator of the Enhanced Enterprise
Girardeau County Assessor prior to the
which the improvement was made in order
benefit.
DAY O F A e 1�/ , 20
PASSED AND ADOPTED THIS CNXVA
are required to file an
with the designated
Zone and with the Cape
end of the tax year in
to receive the abatement
arry E. Redi er, City Manager
GIRA
ATTEST:
t:
Gayle /)L. Conrad, City Clerk `T11.FlzFox •��
CA,L
APPROVED - FORM & LEGALITY:
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W. r' Cunningham