Laserfiche WebLink
SECTION II—DEFINITIONS <br /> A) "Memorandum of Understanding" or"MOU" as defined herein is the written <br /> agreement between the Decatur Macon County Enterprise Zone Administrator, on <br /> behalf of the Taxing Bodies participating in the Decatur Macon County Enterprise <br /> Zone property tax abatement program, and the Applicant receiving tax abatement. <br /> The MOU defines the terms and conditions by which abatement of real estate <br /> property tax is authorized. <br /> B) "Industrial/Manufacturing"as defined herein, are enterprises where the <br /> manufacturing or assembling of goods takes place. <br /> C) "Warehouse/Distribution/Logistic(s) Companies" as defined herein, are <br /> warehousing and distribution businesses that are engaged in the storage and/or <br /> packaging of goods and the transfer or transportation of products from a point of <br /> origin to a point of consumption. <br /> D) "Office/Knowledge-Based Companies" as defined herein are enterprises that are <br /> research oriented and that require a highly skilled workforce such as <br /> biotechnology, electronics and/or professional services such as engineering, <br /> architecture, finance, law and telemarketing companies. <br /> E) "Retail/Commercial Companies"as described herein, are enterprises in the <br /> business of selling products or services in the following categories: Stores selling <br /> products to the general public or wholesale customers, restaurants, hotels/motels <br /> and related concerns. <br /> F) Exclusions- Retail/Commercial Companies engaged in the following categories of <br /> business below shall be ineligible for any property tax abatement as provided <br /> herein: <br /> 1) self-storage (mini warehouse facilities) <br /> 2) automobile service station <br /> 3) automatic or self-service coin operated car wash <br /> 4) commodity scrap processing <br /> 5) convenience food and beverage store <br /> 6) gasoline station <br /> 7) package liquor store <br /> 8) recycling facility <br /> 9) cash advance, pay day loan and title loan stores <br /> 10) adult entertainment venues including adult bookstores <br />