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' COMMUNITY DEVELOPMENT MEMORANDUM <br /> NO. 99- 129 <br /> May 28, 1999 <br /> TO: Honorable Mayor Terry M. Howley and City Council Members <br /> FROM: James L. Willi , City IVtanger '� <br /> Cecil A. Collins, irector of Community Development �', <br /> William Turner, Building Inspection Supervisor l,�Q ��, <br /> SUBJECT: Ordinance Amending Enterprise Zone Boundary <br /> Enclosed for your consideration is an ordinance that amends the Enterprise Zone boundary. <br /> Approval of this boundary amendment will extend the Enterprise Zone benefits to the property <br /> located at the northwest corner of West Pershing Road and N. MacArthur Road. <br /> The proposed project is the construction a 14,00 square foot office complex. The construction of <br /> this building is expected to retain approximately 40 presently employed by the new tenant and <br /> may provide an additional 20 employment opportunities with future expansion <br /> The cost of the project is estimated to be $ 500,000 and completed within six months. <br /> Passage of the ordinance will pernut the applications to be submitted to the State of Illinois for <br /> approval. Sta�will be present to answer any questions. <br />