[R.O. 2004 § 140.140; Ord. No. 1.247 §§ 1 — 7, 4-24-2009]
A.
The City of Mount Vernon supports and endorses
an application for an Enhanced Enterprise Zone as outlined in the
map on file in the City offices as Exhibit A and incorporated herein
by reference.
B.
The City of Mount Vernon hereby establishes
the City of Mount Vernon Enhanced Enterprise Zone Board of Directors,
to be comprised of members from the following classifications for
the following terms:
1.
One (1) Board member representing
school districts who shall serve a five-year term expiring on December
31, 2014;
2.
One (1) Board member representing
another taxing district who shall serve a five-year term expiring
on December 31, 2014;
3.
Two (2) Board members appointed by
the Mayor to serve a four-year term expiring on December 31, 2013;
4.
Two (2) Board members appointed by
the Mayor to serve a three -year term expiring on December 31, 2012;
and
5.
One (1) Board member appointed by
the Mayor to serve a two-year term expiring on December 31, 2011.
C.
Thereafter, members shall be appointed
from the same classifications as set forth above to serve terms of
five (5) years, and any vacancy shall be filled by appointment by
the Mayor for the unexpired term in the same manner.
D.
That the Board of Directors will meet as
needed but at least one (1) time per year.
E.
That each member of the Board will serve
without compensation, and the Board shall elect a Chairperson to serve
a term of two (2) years.
F.
The Board's responsibilities include: advising
the Board of Aldermen on the designation of the Enhanced Enterprise
Zone and any other advisory duties as determined by the Board of Aldermen;
review and assess applications within the Enhanced Enterprise Zone;
and submit an annual report to the Missouri Department of Economic
Development regarding the status of the zone and business activity
therein.
G.
That the City Administrator of City of
Mount Vernon shall be designated Administrator of the Enhanced Enterprise
Zone.
H.
That the Mayor of the City of Mount Vernon
be, and hereby is, authorized to execute the required application
documents and any related documents necessary to the formation of
the Enhanced Enterprise Zone.
[R.O. 2004 § 140.150; Ord. No. 1.246 §§ 1 — 3, 4-14-2009]
A.
That eligible facilities shall include
those companies which operate in Missouri under the following North
American Industrial Classification Codes (NAICS). The primary clusters
include:
Agriculture, Forestry, Fishing and
Hunting (NAICS 11)
Mining, Quarrying, and oil and gas
extraction (NAICS 21)
Utilities (NAICS 22)
Construction (NAICS 23)
Manufacturing (NAICS 31 — 33)
Wholesale Trade (NAICS 42)
Transportation and Warehousing (NAICS
48 — 49)
Information (NAICS 51)
Finance and Insurance (NAICS 52)
Real Estate, and Rental and Leasing
(NAICS 53)
Professional, Scientific, and Technical
Services (NAICS 54)
Management of Companies and Enterprises
(NAICS 55)
Administrative and Support and Waste
Management and Remediation Services (NAICS 56)
Health Care and Social Assistance
(NAICS 62)
Arts, Entertainment, and Recreation
(except group 7132 Gambling Establishments) (NAICS 71)
Accommodation and Food Service (except
subsector 722 Food and Drinking Places) (NAICS 72)
Other Services (except group 8131
Religious Organizations) (NAICS 81)
B.
That eligible facilities will receive a
minimum of fifty percent (50%) abatement of property taxes for improvements
made to real property for a period of ten (10) years from assessment
of improvements.
C.
That eligible companies are required to
file an application requesting abatement with the designated Administrator
of the Enhanced Enterprises Zone and with the Lawrence County Assessor
prior to the end of the tax year in which the improvement was made
in order to receive the abatement benefit.
