HomeMy WebLinkAbout1997 05_Endorsing expansion of the City Enterprize ZoneNOV -18 -1997 09:F7 CITY OF OWASSO 918 272 4999 P.01
(7,WASSO ECONOMIC DEVELOPMENT AUTHORITY
OWASSO, OKLAHOMA
RESOLUTION NO 97 -05
A RESOLUTION OF THE TRUSTEES OF THE OWASSO ECONOMIC
DEVELOPMENT AUTHORITY, OWASSO, OKLAHOMA, ENDORSING
THE E;: PANSION OF THE CITY OF OWASSO, OKLAHOMA
ENTERPRISE ZONE.
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 Iocal incentive program would facilitate die 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 TRUSTEES OF THE OWASSO
ECONOMIC DEVELOPMENT AUTHORITY, OWASSO, OKLAHOMA, that the expansion
of the Enterprise Zone within the City of Owasso, Oklahoma, is hereby endorsed.
APPROVED AND ADOPTED this t 8th day of November, 1997 by the Trustees of die
Owasso-Economic Development Authority.
Fraza nz renner, Chairperson
-ATTEST:
rtati Smith, Sec etary
APPROVED AS TO FORM:
Ronald D Cates, Trust Attorney