[Ord. No. 3699 §§1 —
3, 9-26-2006]
A.
There
is hereby established the North County Enhanced Enterprise Zone Abatement
Policy which provides for the granting of an abatement of fifty percent
(50%) of the ad valorem taxes otherwise imposed, by any political
subdivision of this State or municipality thereof, including, but
not limited to, St. Louis County, any special or other school district,
any sewer district, fire district, zoo-museum district or cultural
district, or any other special district or public entity whatsoever
that levies or collects ad valorem taxes on real property, on subsequent
improvements to real property located in the City of Berkeley portions
of the zone, subject to the terms and conditions set forth in this
Section. Qualifying improvements must be used for assembling, fabricating,
processing, manufacturing, mining, warehousing or distribution, and
for enterprises involved in the following NAICS sectors: 23 —
Construction; 31, 32, 33 — Manufacturing; 42 — Wholesale
Trade; 48 and 49 — Transportation and Warehousing; 51 —
Information; 52 — Finance and Insurance; 53 — Real Estate,
Rental and Leasing; 54 — Professional and Technical Services;
55 — Enterprise Management; 56 — Administrative, Support,
Waste Management and Remediation Services; 61 — Educational
Services; 62 — Health Care and Social Assistance; 71 —
Arts, Entertainment and Recreation (excluding Gaming (NAICS 7132)
as stipulated in Section 135.940(7) RSMo.); 72 — Accommodation
and Food Services; 81 — Other Services; and 92 — Public
Administration and for such other or additional purpose or purposes
as may otherwise be authorized from time to time under Section 135.950,
et seq., RSMo., but excluding retail trade (NAICS sectors 4 and 45)
and food and drinking places (NAICS sub sector 722), and provided
further that service industries may be eligible only if a majority
of the annual revenues will be derived from services provided out
of the State. Qualifying improvements shall remain fifty percent (50%)
exempt from ad valorem taxes for a period of not less than ten (10)
years following the date such improvements are first (1st) assessed,
but in any event no later than September 11, 2028, being twenty-five
(25) years following the date of the original designation of the North
St. Louis County Enhanced Enterprise Zone.
B.
In
accord with Section 135.963.7, RSMo., the abatement granted in this
Section shall not relieve the St. Louis County Assessor from ascertaining
the amount of the equalized assessed value of all taxable property
annually as required by Section 99.855, RSMo., and shall not have
the effect of reducing the payments in lieu of taxes referred to in
subdivision (2) of Section 99.820, RSMo., unless such reduction is
set forth in the plan approved by the appropriate legislative authority
pursuant to the subdivision (1) of the Section 99.820, RSMo.
C.
The
City Clerk shall send a certified copy of ordinance 3699 to the Director
of the Missouri Department of Economic Development within thirty (30)
days following adoption and provide a copy thereof to the St. Louis
County Economic Council, attention Business Development Division,
121 S. Meramec Blvd., 9th Floor, St. Louis, MO 63105.
