HomeMy WebLinkAbout1997 13_Expand Enterprise Zone_1997.12.16)IM11HAWW"
it
114) WAVI �� goal, rel
WHEREAS, the City of Owasso, Oklahoma adopted a resolution in 1994 to create an
Enterprise Zone to encourage permanent jobs creation and capital investment in an economically
distressed sector of the city; and
WHEREAS, this state and local incentive program would facilitate the attraction of a
significant commercial development to this targeted area of redevelopment; and,
WHEREAS, the area to be added to the Enterprise Zone will be reclassified as a
reinvestment zone providing for the enhancement of economic community development programs
available in this targeted area; and,
WHEREAS, the expansion of the Enterprise Zone will facilitate other proposed
industrial, commercial and residential developments in this targeted area of redevelopment.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF OWASSO, OKLAHOMA, that the expansion of the Enterprise Zone within the City of
Owasso, Oklahoma, is hereby endorsed.
BE IT FURTHER RESOLVED that the following described area located within the
corporate limits of the City of Owasso, Oklahoma appears to meet the guidelines and be within
the definition of an enterprise zone as defined in The Enterprise Zone Act, to-wit:
Beginning at the intersection of West Second Street and the City of Owasso
corporate limits; thence east on Second Street to Birch Street; thence north one
block to Third Street; thence east on Third Street to Elm Place, the last street
before the west service road; thence north to Fourth Street; thence east on Fourth
Street to the U.S. Highway 169 west service road; thence south along the service
road to the southern City of Owasso corporate limits; thence southwesterly
following the City of Owasso corporate limits to a point; thence north following
the City of Owasso corporate limits to the intersection of West Second Avenue
(76th Street North); thence westerly on West Second Avenue (76th Street North)
following the City of Owasso corporate limits to a point; thence north following
the City of Owasso corporate limits to the point of beginning.
APPROVED AND ADOPTED this 16th day of December the City Council of the City
of Owasso, Oklahoma,
Mary Lodbar'nhot
, City' Clerk
D Cates, City Attorney
ise, Mayor