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<br />RESOLUTION <br /> <br />WHEREAS, the Commonwealth of Virginia has designated selected areas for economic <br />growth and revitalization under the Enterprise Zone program; and <br /> <br />WHEREAS, the Enterprise Zone designation continues to playa vital role in promoting <br />the expansion of existing firms as well as the location of new firms within Martinsville; <br />and <br /> <br />WHEREAS, the Enterprise Zone incentives have significantly contributed to the City's <br />marketing efforts and helped create a number of jobs; and <br /> <br />WHEREAS, these efforts have helped offset the loss of jobs due to plant closures, <br />downsizing, modernization, global competition and economic downturns; and <br /> <br />WHEREAS, the City of Martinsville is applying for an Enterprise Zone Amendment <br />jointly with Henry County; and <br /> <br />WHEREAS, the City of Martinsville and Henry County have completed a Joint <br />Application Agreement, and <br /> <br />WHEREAS, the Enterprise Zone Amendment will allow for the deletion of one ofthe <br />existing incentives and the implementation of one new incentive; now therefore <br /> <br />BE IT RESOLVED, by the Council of the City of Martinsville, Virginia in regular <br />session assembled January 23,2007 that it hereby authorizes the City Manager to submit <br />all information needed to apply for the Enterprise Zone Amendment and to continue <br />carrying out all administrative and reporting requirements on its behalf. <br /> <br />******* <br /> <br />Attest: <br /> <br />Susan N. Johnson, Clerk of Council <br /> <br />Date Adopted <br />