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INFORMAL REPORT TO CITY COUNCIL MEMBERS No. 7476
To the Mayor and Members of the City Council July 17 , 1990
Subject: ENTERPRISE ZONE INCENTIVES
WHAT ARE ENTERPRISE ZONES?
An enterprise zone is a targeted area of high unemployment
wherein emphasis is placed on business development which will
create jobs, stimulate further economic revitalization and reduce
economic distress in the zone. The purpose of any enterprise
zone program is to create jobs and stimulate investment in areas
of economic distress .
BACKGROUND OF THE ENTERPRISE ZONE CONCEPT:
The enterprise zone approach to economic revitalization was first
applied in the United Kingdom during the 1970 's . The British
judge that their Enterprise Program has been highly successful .
The enterprise zone concept became a key economic initiative of
the Reagan administration, but efforts to get U. S. Congressional
action on enterprise zones were stymied during Reagan's first and
most of his second term of office.
While efforts toward a national enterprise program bogged down,
many states began developing their own Enterprise Zone programs .
On the federal level , a compromise enterprise zone program was
legislated as Title VII of the 1987 Housing and Urban Development
Act . However, there does not appear to be any movement towards
implementing that program until federal incentives are adopted by
Congress .
FEDERAL ENTERPRISE ZONE:
Title VII permits the U.S. Department of Housing and Urban
Development to recognize up to 100 federal enterprise zones ( 67
urban and 33 rural ) . The zones are to be chosen based entirely on
rank order of economic distress . Initial rules for the Federal
Enterprise Zone program were published in August , 1988 , and a
competitive application period ended January 17 , 1989 . No
specific federal incentives for federal enterprise zones have
been set forth. It is anticipated that specific incentives will
be established.
Eligibility requirements for a federal enterprise zone are as
follows :
1 . Minimum population of 4,000
2 . Continuous boundary
-ISSUED BY THE CITY MANAGER FORT WORTH, TEXAS
Page 2 of 6
INFORMAL REPORT TO CITY COUNCIL MEMBERS No. 7476
OPP To the Mayor and Members of the City Council July 17 , 1990
Subject: ENTERPRISE ZONE INCENTIVES
3. Pass the following tests of economic distress :
a. Unemployment rate at least 1 . 5 times the national
unemployment rate.
b. Entire area must have a poverty rate of at least
20%.
C. Area meets or exceeds one of the following:
- 70% of all households have incomes below 80% of
the median household income of the city, or
- population decline of 20% or more between 1970
and 1980 .
ENTERPRISE ZONES IN TEXAS:
0* After several years of abortive legislative attempts , the Texas
Enterprise Zone Act was passed and signed by the Governor in 1987 .
In April , 1988 , Texas' first enterprise zones were designated--two
in Austin and one in Raymondville. The Fort Worth North Zone was
number 8 and the South Zone was number 9 . As of 2/7/90 , there were
57 state-designated zones .
Administration of the state enterprise zone program is with the
Texas Department of Commerce. This includes adoption of program
rules ; coordination of local , state and federal efforts; providing
community assistance; evaluating zone and project applications;
and monitoring and reporting to the State Legislature on program
effectiveness . The State provides direct development incentives
for a limited number of enterprise zone projects to support
economic redevelopment in the most distressed areas of the State .
The major incentive is a refund of certain state sales tax which
is provided to state-designated "enterprise projects".
Enterprise Proiects
The Texas Department of Commerce may select a limited number of busi-
nesses to qualify for a refund of certain state taxes in exchange for
jobs held by "qualified employees" . A qualified employee is one who
resides in an enterprise zone or was formerly economically
disadvantaged (e.g. , unemployed) . Only two projects per zone per
year can be designated and there can only be a limited number of
projects state-wide. Before the Texas Department of Commerce can
consider an application for a business to become a state-designated
ISSLIED BY THE CITY MANAGER FORT WORTH, TEXAS
Page 3 of 6
INFORMAL REPORT TO CITY COUNCIL MEMBERS No. 7476
`6ECaar��p To the Mayor and Members of the City Council July 17 , 1990
Subject: ENTERPRISE ZONE INCENTIVES
project , the business must be nominated by resolution of the local
governing body. Applications are carefully evaluated, and state
selection is based on 60% local economic distress and 40% public/
private local effort . No enterprise project will be designated after
August 31, 1991 ; however, up to three state-recognized "qualified
businesses" per city per year may receive certain state benefits
beginning September 1, 1991 .
only qualified businesses can be considered for project desig-
nation or other state benefits. A qualified business is as
follows :
A. At least 25% of its employees reside in an enterprise
zone or have been economically disadvantaged persons
before employment with the company; or
B. A company moving into the area which commits to hire at
least 25% of its employees from residents of the zone or
from economically disadvantaged persons.
The City must certify to the Texas Department of Commerce that the
business is a qualified business before that business can be
considered for state benefits.
As a state-designated enterprise project, a business is eligible
for a maximum of five years for a refund up to $250 ,000 per year
of sales taxes on the purchases of :
A. equipment and machinery used in the enterprise zone, or
B. building materials used in remodeling or constructing a
structure in the enterprise zone.
Effective September 1 , 1991, a corporation that has been desig-
nated as an enterprise project may deduct from its taxable capital
allocated to Texas 50% of its capital investment in the enterprise
zone in which the enterprise project is located.
Effective September 1 , 1991, the City may certify to the Texas
Department of Commerce up to three "qualified businesses" per year
for certain state benefits. For purposes of this program, the
"qualified businesses" must have operated in the enterprise zone
for at least three consecutive years and be retaining ten or more
jobs held by qualified employees . Only three businesses per year
may be sponsored and the three must be evenly distributed among
the city's enterprise zones. The benefits are as follows :
-ISSUED BY THE CITY MANAGER FORT WORTH, TEXAS
Page 4 of 6
INFORMAL REPORT TO CITY COUNCIL MEMBERS No.------7 476
To the Mayor and Members of the City Council
July 17 , 1990
Subject:
ENTERPRISE ZONE INCENTIVES
A. A one-time refund of certain state sales and use taxes
up to $5000 .
B. A refund of up to $5 ,000 of its franchise tax.
Besides the enterprise zone program administered by the Texas
Department of Commerce, the Public Utilities Commission has ruled
that the PUC can consider a proposal from an electric utility
company for lower rates , up to 5%, for a qualified business in an
enterprise zone.
In addition to the state incentives for businesses in the enterprise
zone, the state legislature adopted H.B. 112 in 1989, which gradually
reduces the sales tax on machinery and equipment used in the manu-
facturing of consumer products for sale. Beginning in 1991 , the
state will refund 25% of the state sales tax paid on machinery and
equipment for the manufacturing of consumer products for sale
purchased during 1990 and 1991 . Beginning in 1992, the sales tax
will reduce by 25% per year to zero in 1995 . Thereafter, such
machinery and equipment will be exempt from state sales tax .
ENTERPRISE ZONES IN FORT WORTH:
Federal Enterprise Zone
The City of Fort Worth submitted an application for designation of
a large section of the inner-city as a federal enterprise zone.
The proposed zone stretches from the city's historic southside,
northward through the central business district , into the heart of
the historic northside. A map of the proposed zone is included in
Attachment "D" . The area includes portions from each of the two
state-designated enterprise zones , plus a connecting area which
includes the Central Business District . Altogether, the nominated
area contains approximately 17 . 6 square miles .
Federal rules require that nominations for federal enterprise zone
designation must be made jointly by a local and state government.
The Fort Worth City Council authorized the application submission
on November 11 , 1988, and the Texas Department of Commerce sub-
mitted Fort Worth's application to HUD with Texas Department of
Commerce approval on January 17 , 1989. However, no action has
taken place by HUD on the application.
-ISSUED BY THE CITY MANAGER FORT WORTH, TEXAS
Page 5 of 6
INFORMAL REPORT TO CITY COUNCIL MEMBERS No. 7476
To the Mayor and Members of the City Council July 17 , 1990
Subiect: ENTERPRISE ZONE INCENTIVES
State Enterprise Zones
In addition to the proposed federal enterprise zone, Fort Worth
has two state-designated enterprise zones . In late August , 1988,
the Texas Department of Commerce approved Fort Worth's applica-
tions , designating two enterprise zones in Fort Worth. Maps of
Fort Worth's North and South Enterprise Zones are included in
Attachment "D".
One Fort Worth business has received state designation as an enter-
prise project and another has been nominated. The Tandy Corpora-
tion in Fort Worth's North Enterprise Zone received its designation
on January 31 , 1989, and is the first enterprise project in the
Metroplex and one of the first in the State of Texas . The Pastusek
project in the South Enterprise Zone will be considered at the
August meeting of the Board of Directors of the Texas Department of
Commerce .
ENTERPRISE ZONE INCENTIVES TO BUSINESS INVESTMENT
Each local government decides what local incentives will be
available for enterprise projects and zones. However, nearly all
have a cost factor to the City budget.
When the enterprise zones were established, no specific City funds
were designated for enterprise zone incentives. Commitments were
made as enterprise zone objectives in the City's application for
State and Federal Enterprise Zone designation using existing
programs , personnel and funding. Six types of incentives to
investment in enterprise zones were included in the state and
federal application package. Attachment "A" is the "Statement of
Proposed Enterprise Incentives" which was approved by the City
Council in August, 1988 and included in the state and federal
application package.
ADDITIONAL INCENTIVES:
Attachment "B" outlines examples of local incentives as noted in
Section 10 of the state law (Texas Enterprise Zone Act , Article
5190 .7) and specific local incentives now permitted in an enter-
prise zone (sections 11 through 14) . Attachment "C" lists the
enterprise zone incentives proposed by the Historic Southside .
ISSUED BY THE CITY MANAGER FORT WORTH, TEXAS
Pa e 6 of S
INFORMAL REPORT TO CITY COUNCIL MEMBERS No. 7476
a
Soft To the Mayor and Members of the City Council July 17 , 1990
�Txx�`' Subject: ENTERPRISE ZONE INCENTIVES
1#71
CONCLUSION:
The most common local incentive is tax abatement , which the City
of Fort Worth has addressed with a city-wide policy that includes
targeted inner-city areas. Other incentives, such as waiver of
fees and refund of local sales tax, have an impact on the City's
budget . If the City Council wishes to explore additional local
incentives and the related impact on the City budget, staff will
bring forward information for Council to use in establishing its
policy on enterprise zone incentives.
L
David Ivory
City Manager
Attachments
ISSUED BY THE CITY MANAGER FORT WORTH, TEXAS
ATTACHMENT "A"
STATEMENT OF PROPOSED ENTERPRISE INCENTIVES
INCENTIVE #1. Enterprise Zone Administrator.
a. Summary of potential benefits and initiatives provided:
• Expertise on state and federal enterprise zones .
• Expertise on available local , state and federal funds .
• Expertise on other local , state and federal assistance.
• Marketing of zone benefits and opportunities.
• Consultation with eligible businesses .
• Processing of requests for assistance.
• Compliance with all zone reporting requirements .
• Establishment and maintenance of liaison with local , state
and federal agencies .
b. Strategy for implementation.
The Fort Worth Enterprise Zone Program will be administered
by the City's existing Economic Development Office. The
Economic Development Office currently has personnel with
sufficient knowledge of the philosophy and principles of
enterprise zone program management . Additional skills and
information will be gained through various means as
personnel commitments are made. If , or as responsibilities
and activity levels of enterprise zone initiatives increase,
it may be necessary to add other qualified personnel to the
Economic Development Office staff .
C. Estimate of costs for this incentive.
No additional City funds are required. However, the fact
that existing personnel well provide committed services,
there are opportunity costs in the form of other activities
and duties foregone.
Similarly , City funds budgeted to the Economic Development
Office for resources other than direct personnel costs may
also be redirected specifically to enterprise zone
activities . These include budgeted items such as travel ,
training, publication, communications, information/research,
and consulting .
If in the future, the level of activity and resources
required for compliance with Enterprise Zone Program
objectives should increase to the point that other
required/desired Economic Development Office responsibili-
ties cannot be met, it may be necessary to add other
personnel . The addition of one position to be occupied by a
_1_
person having the requisite experience and skills , plus a
proportionate increase in other Economic Development Office AWw
budgeted support , has an estimated cost of $60,000-80,008.
INCENTIVE #2: Prioritised Use of Public Funds.
a. Summary of potential benefits and initiatives provided:
• Other things being equal and legal , priority will be given
to enterprise zones in allocation of public funds for
economic development and revitalization.
• Expertise in the availability, eligibility requirements,
and procedures for obtaining state and federal funds,
especially those targeted to enterprise zone activities .
• Establish liaison with state and federal agencies which
provide assistance in keeping with enterprise zone
objectives.
• Consultation with eligible businesses on funding sources .
• Assistance in facilitating applications for funding.
b. Strategy for implementation.
The staff of the Economic Development Office or relevant
departments of the City government will provide these
services . Assigned staff will develop a functioning
knowledge and understanding of various funding sources,
eligibility requirements, and procedures for accessing
funding for economic development . Information on these
funding opportunities will be widely communicated to reach
eligible businesses . Staff will provide assistance to
eligible businesses seeking to apply for funds and in
developing effective working relationships with the
administering agencies .
C. Estimate of costs for this incentive.
No additional City funds are required. Nevertheless, the
same type of opportunity cost constraints discussed under
Incentive #1 are applicable to this incentive.
INCENTIVE #3: Enhanced Facilities and Services.
a. Summary of potential benefits and initiatives provided:
• Development of a capital improvement strategy for
enterprise zones that is linked to EZ program objectives .
• Development of a public service delivery strategy for
enterprise zones that is linked to EZ program objectives .
• Facilitate execution of community facility agreements
which further EZ program objectives.
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o Seek information on state and federal funds which may be
available specifically or pertinently to enterprise zones
for improvement of public facilities and services.
o Consider creation and operation of special procedures for
enhancing public facilities and services such as special
assessment districts and/or reinvestment zones.
b. Strategy for Implementation.
City staff assigned to working with the Enterprise Zone
Program will need to identify and investigate procedures and
resources which may be directed toward the EZ objectives of
enhanced public facilities and services . Cooperation in
gaining necessary information will be needed from any City
departments . Any moves toward actual implementation will
depend on the expertise and commitment of departments
directly involved in providing infrastructural facilities
and services, such as : Water, Transportation & Public
Works , City Services , Development, Fire, Police and others .
C. Estimate of costs for this incentive.
No additional City funds are required at the most basic
level of implementation. However, special arrangements for
facilities or services could be expected, at minimum, to
have some opportunity costs . In the case of special dis-
OP'k trict overlays , such as for special assessment districts
and/or reinvestment zones, at least some additional level of
administrative costs could be expected, the actual level
depending on types of organizational agreements that would
be made.
INCENTIVE #4: Public Transportation.
a. Summary of potential benefits and initiatives provided:
• Assign high priority for enhancing accessibility of
unemployed persons (especially zone residents) to jobs
created in the zone.
• Develop a plan for use of public funds to improve
geographic mobility of zone residents in order to reduce
this barrier for economically disadvantaged persons to
attain the benefits of new job creation in the zone.
• Allocate public transportation funds in order to provide
service to businesses and residents in keeping with the
objectives of the Enterprise Zone Program.
• Place highest priority on funding specialized service
proposals that are based on cooperative agreements with
firms who are hiring zone residents to fill new jobs .
b. strategy for implementation.
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The Economic Development Office will work with staff in
several City departments in developing an enterprise zone �►
mobility plan which focuses on the job-creating investment
proposals of firms in the EZ and the mobility needs of
economically disadvantaged zone residents. Program
activities developed from this plan will be recommended for
action by the City Council . The City of Fort Worth's public
transit system, The T, is operated under contract with a
private management firm. Therefore, all proposals for new
or changed service must be negotiated within the limits of
contractual responsibility and flexibility.
The T's management firm has a past record of making every
effort to respond positively and effectively to reasonable
proposals in demand for specialized mobility services.
Where demand was sufficient, special transit services have
been provided to the workers of individual firms and
employment centers. Employment centers and residential
areas of enterprise zones will be given high priority in
proposals requiring route revisions or special services such
as express buses.
C. Estimate of costs for this incentive.
Cost would be determined by City Council 's decision on level
of support that can be justified under existing or revised
contractual agreements . No additional City funding will be ..
required if services can be established through reallocation
of resources in response to differing levels of transit
service demand.
INCENTIVE #5; Job Training Programs.
a. Summary of potential benefits and initiatives .
• Develop an enterprise zone strategy through which public
funds for job training can be used to provide training
programs for zone residents which are directly linked to
the needs of firms creating jobs in the zone.
• Priority access will be given to employees of eligible
businesses in the zone for the use of available public
funds for job training.
• Special programs or projects can be developed in response
to demonstrated need by employers or zone residents for
special skill training meeting the job creation and
employment objectives of the EZ Program.
b. Strategy for implementation.
The Working Connection, the City's contractual manager and
recipient for Job Training Partnership Act (JTPA) funds, has
given strong assurance of its support to the primary employ- "��►
ment objectives of the Enterprise Zone Program. All
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proposals for job training programs are carefully considered
and decisions for action made by the local Private Industry
Council , the governing board for JTPA program funding
allocation.
The Working Connection has a record of success in an assort-
ment of employment enhancement activities, including
on-the-job training programs, classroom skill training, job
placement , job counseling, etc. Its skilled professionals
are committed to work with both employers and job-seekers in
the spirit of reaching EZ Program employment objectives.
C. Estimate of costs for this incentive.
No additional City funding is required. A commitment by the
City Council , Greater Fort Worth Private Industry Council ,
and the Working Connection is needed in order to allocate
resources in support of EZ Program objectives.
INCENTIVE #6: Improved Employability for Eligible Residents.
a. Summary of potential benefits and initiatives provided:
• Develop an enterprise zone strategy for addressing
problems of employability for economically disadvantaged
OP161 persons, including both individual and social obstacles .
• Implement existing or design new programs to reduce indi-
vidual barriers for entry into the work force including
assistance in such things as job search, effective job
application and interviewing techniques, and job coun-
seling on work orientation, habits and job retention.
• Implement existing or new programs which will reduce
social obstacles to entry into the labor force including,
but not limited to, day care and family counseling
services .
• Implement existing or new programs which can address
problems of temporary economic barriers to labor force
entry such as lack of required work clothing, lack of
transportation funds, etc.
b. Strategy for implementation.
Several existing programs administered by the City Depart-
ment of Housing & Human Services and the Working connection
are designed to alleviate some of the problems of socio-
economic barriers to individual 's entry into the labor
force. Both agencies have indicated commitment to support
Enterprise Zone Program objectives .
Much of the residential areas included in the two enterprise
zones in the City of Fort Worth are also located in Commun-
ity Development Block Grant program target areas . The
Neighborhood Advisory Councils for these target areas can
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play an important advisory role in proposing and developing
programs oriented to overcoming individual and social
barriers to employment . Parts of the Near North, Far North,
and Diamond Hill/Jarvis Heights target areas are included in
the North Enterprise Zone. The South Enterprise Zone
contains significant parts of the Polytechnic Heights, Near
Southeast, Worth Heights, and Mid South target areas.
The Community Development Council , the City's advisory board
for CDBG program funding, can contribute significantly to
initiatives which would be compatible with Enterprise Zone
Program objectives . Similarly, the Private Industry Council
can be instrumental in stimulating an enterprise zone com-
mitment of resources administered by the Working Connection.
C. Estimate of costs for this incentive.
No additional City funds are required at this time.
Achievement of enterprise zone objectives may require a
commitment on the part of City Council , Community Develop-
ment Council , and the Private Industry Council in order to
effectively allocate Community Development Block Grant and
Job Training Partnership Act funds toward EZ Program
initiatives and objectives.
,ON
40%
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ATTACHMENT "B"
LOCAL INCENTIVES
TEXAS ENTERPRISE ZONE ACT
]ARTICLE 5190.7
Section 10. Resignation of Enterprise Proiectji .
Factors to be considered in evaluating the local effort on the
part of a public entity include:
1 . Tax abatement , deferral , refunds , or other tax
incentives;
2 . Regulatory relief , including:
A. Zoning changes or variances ;
B. Exemptions from unnecessary building code
requirements; and
C. Streamlined permitting;
3. Enhanced municipal services , including:
A. Improved police and fire protection;
B. Institution of community crime prevention
programs; and
C. Special public transit routes or reduced fares;
4 . Improvements in community facilities, including :
A. Capital improvements in water and sewer facilities;
B. Road repair; and
C. Creation or improvement of parks;
5 . Improvements to housing, including:
A. Low interest loans for housing rehabilitation or
improvement; and
B. Transfer of abandoned housing to individuals or
community groups;
6. Business and industrial development services ,
including:
A. Low interest loans for business;
B. Use of surplus school buildings or other under-
utilized publicly owned facilities as small
business incubators;
C. Provision of publicly owned land for development
purposes;
00.11, D. Creation of special one-stop permitting and
problem resolution centers or ombudsmen; and
E. Promotion and marketing services ; and
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7 . Job training and employment services, including:
A. Retraining programs;
B. Literacy and employment skills programs;
C. Vocational education; and
D. Customized job training.
Section 11. Reinvestment Zone
An enterprise zone may be designated a reinvestment zone for tax
increment financing purposes as provided by the Tax Increment
Financing Act (Chapter 311, Tax Code) . For the purposes of tax
abatement under the Property Redevelopment and Tax Abatement Act
(Chapter 312 , Tax Code) , an enterprise zone is considered to be a
reinvestment zone without further designation.
Section 12 . Refund of Sales and Use Tax
1 . To encourage the development of areas designated as
enterprise zones, a municipality may refund local sales
and use taxes as provided by Section 321. 588 Tax Code.
2 . To promote the public health, safety, or welfare, the
governing body of a municipality or county may estab-
lish a program by which it refunds local sales and use
taxes that it imposes on a qualified business or
qualified employee. ON
3 . The governing body of a municipality or county that
nominated an enterprise zone designated by the depart-
ment may provide for the partial or total refund of
local sales and use taxes by persons making a taxable
purchase, lease or rental for purposes of development
or revitalization in the zone.
4 . A qualified business, qualified employee, or person
entitled to a refund of local sales and use taxes
under this section shall pay the entire amount of state
and local sales and use taxes at the time they would
otherwise be due without reduction because of any
agreement with a municipality or county for the refund
of local sales and use taxes .
5. Any agreement to refund local sales and use taxes under
this section must be in writing, contain an expiration
date, and require the beneficiary to provide documenta-
tion necessary to support a refund claim to the munici-
pality or county granting the refund. The municipality
or county granting a refund shall make the refund
directly to the beneficiary in the manner set out in
the agreement .
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OPII Section 13. Reduction or Elimination of Fees and Taxes
To promote the public health, safety, or welfare, the governing
body of a municipality or county may establish a program by which
it reduces or eliminates any fees or taxes, other than sales and
use or property taxes, that it imposes on a qualified business or
qualified employee. The governing body of a municipality or
county may not reduce or eliminate local sales and use taxes
except to the extent it grants a refund under Section 12 of this
Act .
Section 14.^ Other Local Incentives
The governing body of a municipality or county that nominated an
enterprise zone designated by the department may.
1 . Defer compliance in the zone with subdivision and
development ordinances and regulations, other than
those governing streets and roads or sewer or water
services;
2 . Give priority to the zone for the receipt of urban
development action grant money, community development
block grant money, industrial revenue bonds , or funds
received under the Texas Job Training Partnership Act
(Article 4413(52) , Vernon's Texas Civil Statutes) ;
3 . Adopt and implement a plan for police protection in the
zone;
4 . Amend zoning ordinances to promote economic development
in the zone;
S. Establish preferences for businesses in the zone in
permit processes;
6. Establish simplified, accelerated, or other special
permit procedures for businesses in the zone;
7 . Waive development fees for projects in the zone;
8 . Create a local enterprise zone fund for funding bonds
or other programs or activities to develop or revi-
talize the zone;
9. Reduce utility rates for qualified businesses in the
zone charged by :
A. Utilities owned by the municipality or county; or
B. Subject to agreement of the affected utility and
the approval of the appropriate regulatory
or," authority under Sections 16 and 17 , Public Utility
Regulatory Act (Article 1446c, Vernon's Texas
Civil Statutes) , by a cooperative or a utility
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owned by private investors except that rates of
the utility for qualified businesses in the zone
may not be reduced more than five percent and the
appropriate regulatory authority in setting the
rates of the utility shall allow the utility to
recover the amount of the reduction;
10. Give priority to persons or projects in the zone in
issuing housing finance bonds; or
11. Give priority in providing services to local economic
development, educational , job training, or transporta-
tion programs that benefit the zone.
"W!
ATTACHMENT "C"
ENTERPRISE ZONE INCENTIVES PROPOSED BY HISTORIC SOUTHSIDE
1 . Establish a priority ranking factor for the use of public
funds in the Enterprise Zone. For example, Capital improve-
ments would be expended first in the Enterprise Zone before
monies would be spent in a newly developing area when both
are required concurrently. Establish a waiver for assess-
ments when infrastructure improvements are made in the
Enterprise Zone.
2 . City Policy now requires an owner to purchase right of way
when streets and alleys are abandoned. Establish a waiver
of that expense in the Enterprise Zone.
3 . Establish an abatement for sales tax on equipment purchases
in the Enterprise Zone.
4 . Establish programs that provide low interest loans to
businesses located within the Enterprise Zone.
000,, 5 . Establish a program for the abatement of both ad valorem and
sales tax for businesses located within the Enterprise Zone
for projects that create significant jobs or capital
investment .
6. Develop programs that assure security in the Enterprise Zone
area, such as a unified police department district , intensi-
fied police patrols , and the eradication of drug houses and
prostitution .
7 . Establish programs to assure capital availability to
businesses in the Enterprise Zone, such as a pooled loan
program.
8 . Establish a housing finance bond program targeted to enable
home ownership and new residential construction within the
Enterprise Zone.
9. Offer special zoning incentives within the Enterprise Zone,
such as increased commercial density, flexible parking
requirements, etc.
10 . Establish programs that will assume labor availability to
businesses in the Enterprise Zone. Such programs would
include child day care , transportation and job training.
11 . Establish a requirement for rental registration in the A44
Enterprise Zone. Such a requirement would provide the
mechanism necessary for identifying ownership and enforcing
code requirements .
12 . Develop and install signage that identifies Historic
Southside Enterprise Zone boundaries.
13. Establish a separate manager for the Historic Southside
Enterprise Zone.
14 . Promote the Enterprise Zone in all City and Chamber Economic
Development materials and presentations.
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ATTACHMENT "D"
MAPS
1 . North Enterprise Zone (2)
a . Within Loop 820
b. Outside Loop 820
2 . South Enterprise Zone
3 . Federal Enterprise Zone (proposed)
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