Laserfiche WebLink
• i , ► <br /> II. The Administrator of the City of Decatur Enterprise <br /> Zone, will annually monitor the performance of the eligible <br /> recipients of property ta�c abatement in order to ensure that job and <br /> investment projections as outlined in the Memorandum of <br /> Understanding are being met. <br /> III. The Administrator of the Enterprise Zone, with � <br /> concurrence of the Enterprise Zone Advisory Board, may elect to ' <br /> waive enforcement of any performance measures outlined in the ', <br /> Memorandum of Understanding based on a finding that the waiver <br /> is necessary to avert an imminent, demonstrable, and material <br /> hardship to the entity that may result in such entity's insolvency or <br /> discharge of workers. <br /> 3. The Council encourages companies receiving Enterprise Zone benefits, as provided <br /> herein, to utilize local labor and to purchase building materials locally. <br /> 4. This Ordinance shall not become effective unless and until the proposed amendments <br /> contained herein are approved by the Department of Commerce and Economic Opportunity, <br /> formerly known as the Department of Commerce and Community Affairs, and said Department <br /> issues an amended certificate for the City of Decatur Enterprise Zone, established by this <br /> Ordinance, as supplemented and amended, pursuant to the Act, in which such event this <br /> Ordinance shall become effective on the first day of the calendar month following the date in <br /> which such amended certificate, together with the Ordinance as heretofore and hereby further <br /> amended, shall be filed,recorded and transmitted as provided in Sections 5.3 and 5.4 of the Act. <br /> PRESENTED, PASSED, APPROVED AND RECORDED this 16�'day of June,2003. <br /> �--� <br /> �G� ����Z�'�'-' <br /> PAUL OSBORNE, MAYOR <br /> ATTEST: <br /> / � � �'��� <br /> �� . <br /> CITY CLERK <br />