[Ord. 222, 2-17-1987]
The City Council finds and determines that the zone meets the
qualifications of paragraph 4 of the enterprise zone act (hereinafter "the act").
[Ord. 222, 2-17-1987]
The duration of the zone shall be for a period of 20 years from
the date of its approval by the department.
[Ord. 222, 2-17-1987; Ord. 690, 1-20-2009]
The City Council, in an effort to facilitate the successful
development of the enterprise zone, will make available the following
incentives and target the following programs within the enterprise
zone for the life of the enterprise zone and in accordance with policies
and procedures to be implemented following designation of the enterprise
zone by the department of commerce and community affairs:
(A)Â Each retailer subject to the municipal retailer's occupation tax levied by the City may file for a deduction thereon for such portion of the tax which is applied to the sale of building and construction materials used for commercial and/or industrial rehabilitation, expansion, or new development projects within the zone, subject to the limitations imposed by Section
1-17-6 of this chapter.
(B)Â Waiver of all development and permit fees for work in and related
to development of the zone. Fees subject to the reduction include
excavation permit fees and building permit fees.
(C)Â Abatement of 100% of the real estate property tax generated within
the zone by commercial and industrial rehabilitation, expansion, and/or
new development projects in the zone for a five-year period.
(D)Â Abatement of 50% of the real estate property tax generated within
the zone by commercial and industrial rehabilitation, expansion, and/or
new development projects in the zone for the following five-year period.
[Ord. 222, 2-17-1987]
Pursuant to paragraph 4(d) of the act, this chapter does not
prohibit the City from extending additional tax incentives or reimbursements
for business enterprises in this enterprise zone or its corporate
limits by separate ordinance.
[Ord. 222, 2-17-1987]
No taxes upon real estate shall be abated, nor shall any deduction
of municipal retailer's occupation tax be authorized unless the
improvement, reconstruction or rehabilitation to which the same relates
is of the nature and scope for which a building permit is required
by the building code and said required permit has been obtained.
[Ord. 222, 2-17-1987]
The Logan County regional planning commission director is hereby
authorized and directed to cause application to be made to the state
of Illinois pursuant to said act containing that which is required
thereby and that which is permitted thereby to the extent deemed by
him to be conducive to the carrying out of the intent and purpose
of the act and of this chapter, and to cause to be promulgated such
programs, directives, rules and regulations, to make such recommendations,
and to furnish such information not inconsistent therewith as to secure
certification of said zone and to administer the same and the programs
therein after the same is so certified.
[Ord. 222, 2-17-1987]
The position of "zone Administrator" is hereby created. The
first zone Administrator shall be the executive director of the Logan
County regional planning commission, who is an officer or employee
of the county of Logan, and successors shall be designated pursuant
to an intergovernmental agreement by and among the City of Lincoln
and county of Logan pertaining to the zone. The duties of the zone
Administrator shall be performed in addition to the regular duties
of the position of executive director.
It shall be the power and duty of the zone Administrator to:
(A)Â Supervise the implementation of the provisions of this chapter and
the Illinois enterprise zone act;
(B)Â Act as liaison between the City of Lincoln, the county of Logan,
the Illinois department of commerce and community affairs, designated
zone organization(s); and other state, federal and local agencies,
whether public or private;
(C)Â Conduct an ongoing evaluation of the enterprise zone program and
submit such evaluative reports on at least an annual basis to the
City;
(D)Â Have other such duties as specified by the City.
In addition, the City may designate one or more organizations
qualified under paragraph 3(d) of the act as designated zone organizations.
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