R2023-28 Resolution Adding Territory to the Decatur Macon County Enterprise Zone - Lewis Property Development and Rentals

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Eligibility Criteria An area proposed for addition to an enterprise zone must be qualified in accordance with Section 4 of the Act. 1. The application must demonstrate, and the amending ordinance must find that the proposed zone area: a. is contiguous;and, b. Calculating Total Area. For purposes of calculating total area,the minimum is one-half square mile and the maximum is 12 square miles, or 15 square miles if the zone is located within the jurisdiction of four or more counties or municipalities, excluding lakes or waterways. Where the Enterprise Zone is a joint effort of three or more units of government, or two or more units of government,if located in a township divided by a municipality of 1,000,000 or more inhabitants, and where the certification has been in effect at least one year,the minimum is one-half square mile and the maximum is 13 square miles, excluding lakes and waterways. Boundaries that are connecting strips shall be not less than three,nor more than 10,feet wide. Waterways shall not be used as connecting strips. Areas within connecting strips must be considered when determining if the proposed Enterprise Zone meets one of the eligibility tests set forth in subsection(f). 2. The proposed addition must meet one of the criteria outlined below and the area must be consistent with the character,purposes and objectives of the established zone, and not detrimental to the public and private interests served by the established zone. OPTION 1: The proposed addition must provide an immediate substantial utility or benefit to the established zone and/or its residents or businesses by: 1. creating or retaining specific jobs;or, 2. removing or correcting an impediment to economic development which exists in the established zone; or, 3. stimulating neighborhood residential or commercial revitalization. Specific commitments,plans and timetables must be provided to show a high degree of likelihood that inclusion of the area will cause,or be an essential ingredient in achieving,the intended utility or beneficial result. Option 1 Instructions Under Option 1,specific development commitment(s)must occur within the two-year period following the proposed boundary change.Evidence of development commitment must include:the name of the business, the name of the taxpayer if different than that of the business; the product or service provided; current employment;project scope;estimated cost of the project;estimated construction start and completion dates; construction plans; evidence of financial commitment from financial institutions and/or state, local or federal governments; and,written contracts.