[CC 2000 §635.010; Ord. No. 1174 §1, 12-20-1999]
The ad valorem tax abatement for qualified businesses which
meet the criteria set forth in Section 135.215.3, RSMo., as amended,
and identified as properties used for assembling, fabricating, processing,
manufacturing, mining, warehousing or distribution uses within the
designated Enterprise Zone of the City shall be fifty percent (50%)
for each year of eligibility, not to exceed ten (10) years or the
life of the zone.
[CC 2000 §635.020; Ord. No. 1174 §2, 12-20-1999]
The ad valorem tax abatement for qualified businesses which
meet the criteria set forth in Section 135.215.1, RSMo., as amended,
and identified as properties used for "other business" within the
designated Enterprise Zone of the City shall be fifty percent (50%)
for each year of eligibility, not to exceed ten (10) years or the
life of the Enterprise Zone.
[CC 2000 §635.030; Ord. No. 1174 §3, 12-20-1999]
The term "other business" shall mean service-related
businesses that create fifty (50) new jobs and maintain the jobs for
each year the tax abatement is in effect. It is further provided that
new jobs provide an average employment of at least thirty-five (35)
hours per week.
[CC 2000 §635.040; Ord. No. 1174 §4, 12-20-1999]
Qualified "other businesses" shall provide an affidavit to the
City no later than the last day of February following each year the
tax abatement is in effect certifying that at least fifty (50) new
jobs were created for the first (1st) year of qualification and have
provided an average of at least thirty-five (35) hours of employment
per week and have been continuously maintained for the previous year.
[CC 2000 §635.050; Ord. No. 1174 §5, 12-20-1999]
A.
Notwithstanding
any provision of law to the contrary, "retail business" and "recreational
facilities" (both as provided in Section 135.247.3, RSMo., as amended)
shall be eligible for all benefits provided pursuant to the provisions
of Sections 135.200 to 135.256, RSMo., as amended, if the requirements
of Section 135.247.3, RSMo., as amended, are met.
B.
For
purposes of qualifying for benefits pursuant to Sections 135.200 to
135.256, RSMo., as amended, recreational facilities shall not include
an excursion gambling boat or an excursion gambling boat and docking
facility as provided in Section 135.247.4, RSMo., as amended.
[CC 2000 §635.060; Ord. No. 1174 §8, 12-20-1999]
The Mayor, members of the Board of Alderpersons, appropriate
officers, agents and employees of the City are hereby authorized and
directed to take such other and further action and to execute, deliver
and file such other and further documents, certificates and instruments
as may be necessary or desirable to carry out and comply with the
intent of this Chapter.
