Section 961 of Article 18-B of the General Municipal
Law has authorized applications by cities for designation as an Economic
Development Zone within the meaning of said statute.
Such a designation could greatly benefit the
City of Townsville in that new businesses would be encouraged to locate
in the zone area, existing businesses would be encouraged to expand
in the zone area, and new and expanded businesses would generate new
jobs for Townsville residents, particularly residents of that zone.
The Mayor is hereby authorized to submit an
application for designation of certain areas within the City of Townsville
as an Economic Development Zone.
The boundaries of said areas shall be as set
forth in Schedule A, which is attached hereto and made a part hereof.
Pursuant to the requirements of the aforesaid
statute, the City Controller shall serve as the City of Townsville
Economic Development Zone Certification Officer and shall perform
the following duty, to wit: certify, jointly with the Commissioner
of Commerce and the Commissioner of Labor, those business enterprises
which are eligible to receive benefits referred to in § 966
of Article 18-B of the General Municipal Law.