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 Ithaca 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 Ithaca residents, particularly residents of that zone.
[Amended 11-3-2021 by L.L. No. 2022-07]
The City Manager is hereby authorized to submit
an application for designation of certain areas within the City of
Ithaca 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 Ithaca 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.