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MUNICIPAL ORDER NO. 379
A MUNICIPAL ORDER AUTHORIZING THE MAYOR AND CITY COMMISSIONERS TO APPROVE THE
APPLICATION OF BARRY'S JEWELRY TO OPERATE A BUSINESS IN THE OPPORTUNITY ZONE,
WHEREAS, the Board of Commissioners has received an application -from
Barry's Jewelry 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 Barry's Jewelry is hereby approved, and this business,
located at 220 Broadway, 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 November 11, 1986
Recorded by Lenita Smith, City Clerk, November 11, 1986