[Ord. No. 24-2011 §§1
— 9, 8-8-2011]
A.
Should
the application be approved by the City of Louisiana Enhanced Enterprise
Zone Advisory Committee, the approved amount of taxes on improvements
to real property will be abated from the date of approval by the Enhanced
Enterprise Zone Advisory Board. The construction period will count
toward the years of total abatement.
B.
That
eligible facilities shall include those companies which operate in
Missouri under the following North American Industrial Classification
Codes (NAICS). The primary clusters include:
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Agriculture, Forestry, Fishing and Hunting (NAICS 11)
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Mining (NAICS 21)
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Utilities (NAICS 22)
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Construction (NAICS 23)
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Manufacturing (NAICS 31 — 33)
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Wholesale Trade (NAICS 42)
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Transportation and Warehousing (NAICS 48 — 49)
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Information (NAICS 51)
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Finance and Insurance (NAICS 52)
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Real Estate and Rental and Leasing (NAICS 53)
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Professional, Scientific and Professional (NAICS 54)
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Management of Companies and Enterprises (NAICS 55)
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Administrative and Support and Waste Management and Remediation
Disposal Services (NAICS 56 with the exclusion of NAICS 562112 —
Hazardous Waste Collection and 562211 — Hazardous Waste Treatment)
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Health Care and Social Assistance (NAICS 62)
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Arts, Entertainment, and Recreations (NAICS 72 with the exclusion
of NAICS subsector 722 — Food and Drinking Places)
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Other Services (NAICS 81 with the exclusion of NAICS group 8131
— Religious Organizations)
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C.
After
the application is received by the City of Louisiana, a meeting will
be called of the City of Louisiana Enhanced Enterprise Zone Advisory
Board and Planning and Zoning.
D.
That
eligible facilities will receive a minimum of fifty percent (50%)
abatement of property taxes for improvements made to real property
for a period of ten (10) years from assessment of improvements. See
Exhibit "A" on file in the City offices for Benefit Level Option.
E.
That
eligible companies are required to file an application requesting
abatement with the designated Administrator of the Enhanced Enterprise
Zone and with Pike County Assessor prior to the end of the tax year
in which the improvement was made in order to receive the abatement
benefit.
F.
The
industry must notify the Louisiana City Administrator in writing when
construction is completed. If extenuating circumstances prevent the
industry from meeting the construction end date in the original application
by the Enhanced Enterprise Zone Advisory Board, notification in the
form of a letter detailing the circumstances that prevented the completion
of construction must be made to the Louisiana City Administrator prior
to the end date provided in the original application. The Enhanced
Enterprise Zone Advisory Board will review the circumstances and determine
if an extension should be granted.
G.
On
or before May first (1st) following the end date of construction,
the industry must provide a notarized affidavit of proof of at least
two (2) new full-time employees employed by the organization to the
Louisiana City Administrator. The affidavit shall include documentation
such as W-2s, State and Federal quarterly reports and utility bills
for each new full-time equivalent employee. After this period, proof
of employee retention shall be supplied in the same way.
H.
If
the industry does not meet the employee requirement no later that
May first (1st) following the end date of construction, the industry
shall be placed on the tax roll. The industry will also be required
to repay previous years of abatement plus interest and penalties.
If the industry fails to meet the employee requirement of May first
(1st) following the end of construction, it will be ineligible for
any abatement through the Enhanced Enterprise Zone from that date
forward.
I.
Any
abatement or exemption provided for within the Enhanced Enterprise
Zone designated area on an individual parcel of real property shall
cease after a period of thirty (30) days of business closure, work
stoppage, major reduction in force or a significant change in the
type of business conducted at that location. For the purposes of this
Enhanced Enterprise Zone, "work stoppage" shall not
include strike or lockout or time necessary to retool a plant, and
a "major reduction in force" is defined as a reduction
of ninety-five percent (95%) or greater reduction in the number of
persons actually working at the location. Any owner or new owner of
the industry may reapply for exemption, but cannot receive the abatement
or exemption for a period of time beyond the original life of the
Enhanced Enterprise Zone.
