HomeMy WebLinkAboutMO # 321MUNICIPAL ORDER NO. 321
A MUNICIPAL ORDER AUTHORIZING THE MAYOR AND CITY COMMISSIONERS TO APPROVE THE
APPLICATION OF THE BOUTIQUE, INC. TO OPERATE A BUSINESS IN THE OPPORTUNITY ZONE,
WHEREAS, the Board of Commissioners has received an application from
The Boutique, Inc. 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 The Boutique, Inc. 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 June 24, 1986
Recorded by Lenita Smith, City Clerk, June 24, 1986
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