HomeMy WebLinkAboutMO # 310MUNICIPAL ORDER NO. 310
A MUNICIPAL ORDER AUTHORIZING THE MAYOR AND CITY COMMISSIONERS `
TO APPROVE THE APPLICATION OF MARKET HOUSE SQUARE GALLERY TO OPERATE A
BUSINESS IN THE OPPORTUNITY ZONE,
WHEREAS, the Board of Commissioners has received an application
from Market House Square Gallery to establish a business in the Oppor-
tunity Zone; and
WHEREAS, this application meets the criteria for operating a
business in the Opportunity Zone.
SECTION 1. The application of Market House Square Gallery 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 22, 1986
Recorded by Lenita Smith, City Clerk, April 22, 1986
0
531