[Ord. No. 670 §1, 1-4-2010]
The Rogersville Board of Aldermen, in support of the Webster County Enhanced Enterprise Zone program adopted by the Webster County Commission on December 22, 2009, hereby authorizes the establishment of incentives designed to promote investment and create jobs.
[Ord. No. 670 §2, 1-4-2010]
The Rogersville Board of Aldermen approves the geographic boundaries of the Webster County Enhanced Enterprise Zone which encompasses and includes the approved census tract area within the corporate city limits of the City of Rogersville as shown on the map of the Webster County Enhanced Enterprise Zone.
[Ord. No. 670 §3, 1-4-2010]
Upon thirty (30) days' notice from the Webster County Enhanced Enterprise Zone Board to the Rogersville Board of Aldermen, the Rogersville Board is hereby authorized to offer property tax abatement on improvements to real property in Rogersville made by qualified businesses at a level of abatement of up to ninety percent (90%) on improvements for ten (10) years provided the businesses create at least two (2) new full-time jobs and one hundred thousand dollars ($100,000.00) of new investment pursuant to the Webster County Commission's Resolution 2009-02 adopted December 22, 2009, a copy of which is on file in the City offices.
[Ord. No. 670 §4, 1-4-2010]
The following industries as set forth in Webster County Commission Resolution 2009-02 further identified by their North American Industry Classification System (NAICS) will be eligible for tax abatement provided they are located within the Webster County Enhanced Enterprise Zone and make improvements to their property located within Webster County and within the City of Rogersville: