[R.O. 2011 §635.010; Ord. No. 831 §§1 — 3, 8-15-2005]
A.
The
Board of Aldermen recognizes that the City of Cabool and Texas County,
Missouri are part of an area of sustained high unemployment, low family
income and general economic distress.
B.
The
City of Cabool, in cooperation with the State of Missouri, the Counties
of Texas and Shannon and the Cities of Houston, Licking, Mountain
Grove and Summersville and the Villages of Raymondville and Plato
reaffirms its commitment to the economic development of our area.
C.
Chapter 135, Sections 135.950 — 135.973, RSMo., provides a means and an opportunity for Texas County and the City of Cabool to cooperate with the State of Missouri and others to relieve economic distress and attract new jobs to our area as follows:
1.
An enhanced business enterprise will be eligible if established.
a.
Under one (1) of the following North American Industry Classification
System (NAICS) two (2) digit headings ["NAICS", the 1997 Edition of
the North American Industry Classification System as prepared by the
Executive Office of the President, Office of Management and Budget.
Any NAICS sector, subsector, industry group or industry identified
in this Section shall include its corresponding classification in
subsequent Federal industry classification systems]:
|
|
31
|
Manufacturing
|
|
|
32
|
Manufacturing
|
|
|
33
|
Manufacturing
|
|
|
42
|
Wholesale Trade
|
|
|
48
|
Transportation
|
|
|
49
|
Warehousing
|
b.
To produce "value-added agricultural products" as defined in Section
348.015(14), RSMo.
c.
As an international, national, regional or State headquarters of
a revenue-producing business or enterprise. "As defined in Section
135.950(7)(b), RSMo., allows service industries to be eligible only
if a majority of its annual revenues will be derived from services
provided out of the State".
2.
Improvements made to real property used for an enhanced business
enterprise are abated at a rate of seventy-five percent (75%) for
ten (10) years per Section 135.963, RSMo.
