[ R.O. 1993, § 625.010; Ord. No. 2008-2813 §§ 1 — 4, 10-28-2008]
The Aurora City Council, in support of the Enhanced Enterprise Zone program, hereby authorizes the establishment for incentives designed to promote investment and create jobs in areas with lower income and higher levels of unemployment than the State average to qualified businesses eligible for zone benefits.
The Aurora City Council approves the geographic boundaries of the Southern Lawrence County Enhanced Enterprise Zone which encompass the census tract areas shown in the map which is on file in the City offices.
The Aurora City Council hereby authorizes property tax abatement on improvements to real property made by qualified businesses at the level of abatement of fifty percent (50%) on improvements for ten (10) years.
The following type of businesses within the following business clusters will be eligible for Southern Lawrence County Enhanced Enterprise Zone incentives, provided they are located within the zone and make improvements to their property: