(A) In an effort to spur revitalization of the village’s industrial base, the village has designated an Enterprise Zone pursuant to state law. An ENTERPRISE ZONE is an area within which special tax incentives will be offered by agreement to industry who agree to invest in capital improvements and create and/or retain jobs. Tax incentives will be offered, provided the guidelines are met and a substantial investment is made. Jobs must be either created or retained.
(B) Each agreement with a business within the Zone relating to jobs, investments and tax incentives must be submitted to the village for its approval and ultimately to the Fulton County Commissioners for their approval.
(Ord. 93-8, passed 8-23-1993)