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MUNICIPAL ORDER NO. 397
A MUNICIPAL ORDER AUTHORIZING THE MAYOR AND CITY COMMIS-
SIONERS TO APPROVE THE APPLICATION OF ITALIAN GARDEN, INC. TO OPERATE A
BUSINESS IN THE OPPORTUNITY ZONE ( II
WHEREAS, the Board of Commissioners has received an applica-
tion from Italian to establish a business in the Opportunity Zone; and
WHEREAS, this application meets the criteria for operating a
business in the Opportunity Zone.
SECTION 1. The application of Italian Garden, Inc. at 125
South Third Street is hereby approved, and this business is given all
the tax relief and other incentives offered by the Opportunity Zone,
which include the following:
(1) A five (5) year moratorium on investment in new personal
property and a fifty percent (50%) reduction in the tax
assessed value of real estate used in direct operation
of the qualified enterprise's business within the
Opportunity Zone.
(2) A.five year moratorium on business license fees.
(3) A reduction of one-half (1/2) for refuse fees for a
period of five (5) years.
(4) A five (5) year moratorium on building and electrical
plan review and building permit fees.
(5) Issue at no cost for a period of two (2) years special
auto stickers for employees of the qualified enterprise
who reside outside the city.
(6). Reduce the employee earnings tax by 50% for all
employees of the qualified enterprise for a period of
two (2) years.
(7) All of the tax relief referred to in paragraphs (1)
through (6) above shall start upon the opening of the
business of the qualified enterprise in the Opportunity
Zone.
SECTION 2. This order will be in full force and effect from
and after the date of its adoption.
JOE VITERISI
Mayor
Adopted by the Board of Commissioners April 28, 1987
Recorded by Lenita Smith, City Clerk, April 28, 1987