[R.O. 2011 §140.280; Ord. No. 08-32 §§1 — 4, 9-22-2008]
A. 
The City Council recognizes that the City of Trenton and Grundy County, Missouri, is part of an area of sustained high unemployment, low family income and general economic distress.
B. 
The City of Trenton in cooperation with the State of Missouri and the County of Grundy reaffirms its commitment to the economic development of our area.
C. 
Chapter 135, Sections 135.950 — 135.973, inclusive, RSMo., provides a means and an opportunity for the City of Trenton to cooperate with the State of Missouri and others to relieve economic distress and attract new jobs to our area as follows:
1. 
An enhanced enterprise business will be eligible if established:
a. 
Not under one (1) of the following North American Industry Classification System (NAICS) two-digit headings ["NAICS', the 1997 edition of the North American Industry Classification System as prepared by the Executive Office of the President, Office of Management and Budget. Any NAICS sector, subsector, industry group or industry identified in this Section shall include its corresponding classification in subsequent Federal industry classification systems]:
44
Retail Trade
45
Retail Trade
61
Educational Services
71
Gaming
72
Food and Drinking Establishments
81
Religious Organizations
91
Public Administration
b. 
To produce "value added agricultural products" as defined in Section 348.015(14), RSMo.
c. 
As an international, national, regional or State headquarters of a revenue-producing business or enterprise. "As defined in Section 135.950(7)(b), RSMo., allows service industries to be eligible only if a majority of its annual revenues will be derived from services provided out side of the State."
2. 
Improvements made to real property used for an enhanced business enterprise, fifty percent (50%) for ten (10) years per Section 135.963, RSMo.
3. 
Improvements made to real property used for an enhanced business enterprise that pays a starting hourly wage at or above the County average wage, which is designated by the U.S. Census and maintains those wages for the year, excluding benefits per Section 135.963, RSMo.
4. 
In accordance with Chapter 135, Section 135.950 through Section 135.973, RSMo., inclusive, the City Council of the City of Trenton hereby establishes and adopts the above property tax abatement level effective when approved by the State of Missouri and to remain in effect in conformance with Chapter 135, Section 135.950 through Section 135.973, RSMo., for eligible enhanced enterprise as defined in Subsection (C)(1), commencing operations in a facility, as defined in Section 135.950(8), RSMo., after the State designation date of the Grundy County Enhanced Enterprise Zone.