S30-04 Ordinance No. S30-04
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 on July 26, 1989, designated an enterprise zone (hereinafter referred to as "Elgin
Enterprise Zone")pursuant to the authority granted to City by the Illinois Enterprise Zone Act (20
ILCS 655/1 et seq.; (hereinafter referred to as "Act"), as amended, subject to the approval of the
Illinois Department of Commerce and Community Affairs (now the Illinois Department of
Commerce and Economic Opportunity and hereinafter referred to as "State"), and subject to the
provisions of the Act; and
WHEREAS, the City has made subsequent amendments and modifications to the Elgin
Enterprise Zone including Ordinance No. G67-95 approved on September 13, 1995 to extend the
term of the Elgin Enterprise Zone for an additional 10 (ten) years to December 31, 2005; 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 to December 31, 2015 after certification by the State 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 State for the extension of the Elgin Enterprise Zone for a period of
ten years.
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Section 5. That this ordinance shall be in full force and effect immediately after is passage
in the manner provided by law.
Ed Schock, Mayor
Presented: October 27, 2004
Passed: October 27, 2004
Vote: Yeas: 6 Nays: 0
Recorded: October 28, 2004
Published:
Attest:
Dolonna Mecum, City Clerk