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<br />WHEREAS, the Commonwealth of Virginia has designated selected areas for economic growth and <br />revitalization under the Enterprise Zone program; and <br /> <br />WHEREAS, the Enterprise Zone designation continues to playa vital role in promoting the expansion of <br />existing firms as well as the location of new firms within Martinsville; and <br /> <br />WHEREAS, these efforts have helped offset the loss of jobs due to plant closures, downsizing, <br />modernization, global competition and economic downturns; and <br /> <br />WHEREAS, the Enterprise Zone Amendment will allow for the deletion of one of the existing incentives <br />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 session assembled <br />January 23,2007 that it hereby authorizes the City Manager to submit all information needed to apply for <br />the Enterprise Zone Amendment and to continue carrying out all administrative and reporting <br />