[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]:
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44
|
Retail Trade
|
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45
|
Retail Trade
|
|
61
|
Educational Services
|
|
71
|
Gaming
|
|
72
|
Food and Drinking Establishments
|
|
81
|
Religious Organizations
|
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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.