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January 11,2000 <br /> <br />receive the pick up contributions made by the City of Martinsville <br />directly instead on having them paid to VRS; and <br />BE IF FURTHER RESOLVED that notwithstanding any contractual <br />or other provisions, the wages of each member of VRS who is an <br />employee of the City of Martinsville shall be reduced by the amount <br />of member contributions picked up by the City of Martinsville on <br />behalf of such employee pursuant to the foregoing resolutions. <br /> <br />Council considered adoption, on an emergency basis, Ordinance 2000-1 <br /> <br />amending Chapter 7.5 - Enterprise Zone, Section 7.5-5 - Qualification for Benefits and <br /> <br />Section 7.5-6 - Local Enterprise Zone Incentives of the City Code. Earl B. Reynolds, <br /> <br />Jr., City Manager, stated, "This program has already been adopted. The definition of <br /> <br />personal property needs to be clarified. Examples of business equipment would be <br /> <br />computers and calculators." Vice Mayor Teague moved to adopt the following <br /> <br />Ordinance on an emergency basis; the motion was duly seconded and carried by the <br /> <br />following vote, with all members voting: Vote 5 - 0; Yeas (5) - Crabtree, Dallas, <br /> <br />Haskell, Roop, Teague; Nays (0)- None: <br /> <br />ORDINANCE NO. 2000-1 <br /> <br />BE IT ORDAINED by the Council of the City of Martinsville, <br />Virginia, in regular session assembled, January 11, 2000, that it <br />does hereby amend Chapter 7.5--Enterprise Zone, Section 7.5-5-- <br />Qualification for Benefits and Section 7.5-6--Local Enterprise Zone <br />Incentives of the Martinsville City Code, as follows: <br />Sec. 7.5-1. Short Title.. 7.5-1. Short Title. <br />This Article shall be known and may be cited as the "City of <br />Martinsville Enterprise Zone Ordinance". <br />Sec. 7.5-2. Statement of Purpose.. 7.5-2. Statement of <br />Purpose. <br />The Virginia Enterprise Zone Act, Section 59.1-270, et.sea. of the <br />Code of Virginia, as amended, authorizes the establishment of an <br />enterprise zone. It is the purpose of the Enterprise Zone Act, and of <br />this Article, to stimulate business and industrial growth within the <br />area so designated as the City of Martinsville Enterprise Zone by <br />means of state and local incentives more particularly set forth <br />herein. <br /> <br /> <br />