[Ord. No. 1551-2023, 12-20-2023]
The City's EEZ Policy is hereby established with the policy
attached hereto as Exhibit A.[1]
[1]
Editor's Note: Exhibit A is included as an attachment to this
Chapter.
[Ord. No. 1551-2023, 12-20-2023]
The Preferred Business Clusters included as Kearney Enhanced
Business Enterprises shall include businesses having eligible North
American Industry Classification System ("NAICS") industry codes as
provided in the EEZ Act and approved by the City within the EEZ Policy.[1]
[1]
Editor's Note: Exhibit A is included as an attachment to this
Chapter.
[Ord. No. 1551-2023, 12-20-2023]
Improvements made to real property as such term is defined in
Section 137.010, RSMo., which are made within the EEZ, are eligible
for at least fifty percent (50%) exemption from assessment and payment
of ad valorem real property taxes imposed by political subdivisions
within the designated zone for a period of at least ten (10) years
following the date such improvements were assessed (unless a higher
percentage or longer term is approved pursuant to the EEZ Policy),
provided the improved properties are used for enhanced business enterprises,
subject to all limitations within the EEZ Act and EEZ Policy. No exemption
shall be granted for a period of more than twenty-five (25) years,
provided that during the ten (10) years prior to the expiration of
the EEZ, no exemption shall be granted for a period of more than ten
(10) years.
