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R2022-57 Resolution Approving an Amendment to the Decatur Macon County Enterprise Zone Intergovernmental Agreement
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R2022-57 Resolution Approving an Amendment to the Decatur Macon County Enterprise Zone Intergovernmental Agreement
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Last modified
1/24/2023 5:07:43 PM
Creation date
3/22/2022 5:00:51 PM
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Resolution/Ordinance
Res Ord Num
R2022-57
Res Ord Title
R2022-57 Resolution Approving an Amendment to the Decatur Macon County Enterprise Zone Intergovernmental Agreement
Department
City Manager
Approved Date
3/21/2022
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AMENDMENT TO DECATUR MA.CON COUNTY ENTERPRISE ZONE <br /> INTERGOVERNMENTAL AGREEMENT <br /> This Amendment Agreement made this 5- 2-,*10-:22--(date)by and between the City of <br /> Decatur, the County of Macon,the Village of Mt.Zion,the Village of Forsyth,and the Village of <br /> Long Creek. <br /> WHEREAS,the City of Decatur,the County of Macon,the Village of Mt.Zion,the Village of <br /> Forsyth,and the Village of Long Creek entered the Decatur Macon County Enterprise Zone <br /> Intergovernmental Agreement on December 1,2014[hereinafter:AGREEMENT]; <br /> WHL+'I2EAS,circumstances have arisen wherein the AGREEMENT requires clarification to <br /> resolve potential ambiguity; <br /> WHEREAS,the local units of government listed above desire to clarify and amend the <br /> AGREEMENT to serve the purposes and intent ofthe AGREEMENT;and <br /> NOW,THEREFORE,in consideration of the foregoing premises and the mutual promises in <br /> the AGREEMENT and as set forth herein,the City of Decatur,the County of Macon,the Village <br /> of Mt.Zion,the Village of Forsyth,and the Village of Long Creek agree to the Amendment of <br /> the AGREEMENT by adding the following tenns to apply to the operation and management of <br /> the Enterprise Zone: <br /> A. Section II,Subpart E)of the AGREEMENT shall be amended to state as follows: <br /> "Retail/commercial companies" as described herein,are Enterprises in the <br /> business of selling products or services in the following categories:stores <br /> selling products to the general public or wholesale customers,restaurants, <br /> hotels/motels,and related concerns. Additionally, "retail/commercial <br /> companies" and ,retan/connmercial property" shall include multi-family <br /> properties,with a minimum of ten(10)living units with minimum investment <br /> of$50,000/unit and maximum of$250,000/unit(exclusive of site preparation <br /> work,utilities,and infrastructure)which construction of development must <br /> be completed within 24 months after obtaining necessary building permits. <br /> The per unit limits applicable in this Subpart E shalt be adjusted for inflation <br /> annually commencing January 1,2023 based on the Consumer Price Index, <br /> United States average on all items and commodity groups,issued by the <br /> Bureau of Labor Statistics of the United States. <br /> B. Section 11,Subpart F)of the AGREEMENT shall be amended by adding the <br /> following: <br /> 11. Single family residential homes <br /> 1 <br />
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