HomeMy WebLinkAbout2009-R-161 2009-R-
2 BEFORE THE COMMON COUNCIL
3 FOR THE CITY OF JEFFERSONVILLE
4 IN THE STATE OF INDIANA
6 RESOLUTION RENEWING THE JEFFERSONVILLE URBAN ENTERPRISE
7 ASSOCIATION'S CONTRIBUTION RATE
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9 WHEREAS, the Jeffersonville Urban Enterprise Association (JUEA) serves as the
10 governing body and board of directors for both the Jeffersonville Urban Enterprise Zone (JUEZ),
11 and the River Ridge Urban Enterprise Zone (RRUEZ); and
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13 WHEREAS, the JUEA is authorized by IC 15-28-15-5 (b) to capture a portion of tax
14 incentives received by Zone businesses as set by this Common Council; and
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16 WHEREAS, this Council previously set this contribution rate at 49% of the tax
17 incentives received by any business participating in the Urban Enterprise Zone, as contained in
18 Resolution 2001-R-08 ;and
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WHEREAS, the JUEA has continued to assess Zone businesses at this rate since passage
of Resolution 2001-R-08;
IT IS HEREBY RESOLVED that the JUEA will continue to assess businesses
participating in the JUEZ and the RRUEZ in an amount equal to 49% of the tax incentives
received from Zone participation.
IT IS FURTHER RESOLVED that businesses participating in the JUEZ and the
RRUEZ will also contribute a fee equal to 1 % of tax incentives received to the Indiana Urban
Enterprise Zone Board at the Indiana Economic Development Corporation, in accordance with
IC 5-28-15-5(a)(4)(A).
PASSED AND ADOPTED by the Common Council of the City of Jeffersonville this
`~ Day of October, 2009.
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39 ATTEST:
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41 Oat..
42 Pegg~i Older
43 Clerk-Treasurer
Connie Sellers, President
Common Council, City of Jeffersonville
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45 Presented by me as Clerk-Treas~rer to the Mayor of said City of Jeffersonville, Indiana at
46 1 ~~ o'clock ~,.m., this $ day of October, 2009
L,~-~~
Peggy it er, Clerk Treasurer
This Ordinance approved and' signed by me this 'day of
.2009.