HomeMy WebLinkAboutG67-95 Ordinance No. G67-95
AN ORDINANCE
EXTENDING THE TERM OF THE ELGIN ENTERPRISE ZONE UNDER THE
ILLINOIS ENTERPRISE ZONE ACT
WHEREAS, Ordinance No. G70-82 , passed on December 22,
1982, and Ordinance No. G71-89, passed July 26, 1989 ,
designated an enterprise zone under the Illinois Enterprise
Zone Act; and
WHEREAS, it is proposed that the term of the enterprise
zone be extended for an additional ten year period.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE
CITY OF ELGIN, ILLINOIS:
Section 1 . That each retailer who makes sales at retail
of building materials to be incorporated into real estate
located within the Elgin Enterprise Zone from a location
within the corporate limits of the City of Elgin may deduct
the receipts of such sales from the Illinois Retailer' s
Occupation Tax only to the extent that a building permit is
issued for the construction and the project is approved by the
enterprise zone administrator. A copy of the zone
administrator' s certificate of approval must be provided to
the retailer at the time of purchase and maintained by the
retailer in its books and records to establish the exemption.
Section 2 . That the Elgin Enterprise Zone area as
described by the aforementioned ordinances meets the
qualifications of Section 4 of the Illinois Enterprise Zone
Act.
Section 3 . That the term of the Elgin Enterprise Zone
shall be extended for an additional ten year period after
certification by the Illinois State Department of Commerce and
Community Affairs as provided by law.
Section 4 . That the City Manager is hereby authorized
and directed to cause to be prepared and filed an application
with the Illinois Department of Commerce and Community Affairs
for the extension of the Elgin Enterprise Zone for a period of
ten years .
Section 5 . That this ordinance shall be in full force
and effect immediately after its passage in the manner
provided by law.
Kevin Kelly, Mayor
rm.
Presented: September 13, 1995
Passed: September 13, 1995
Omnibus Vote: Yeas 7 Nays 0
Recorded: September 14, 1995
Published:
Attest:
51(V
Dolonna MMecutn, City Clerk
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