§ 501.101. Findings.

(a)

The City has adopted Resolution 94-493-117, Resolution 95-325-94, and Resolution 95-326-95 and has enacted Ordinance 95-317-213 (collectively, the "Enterprise Zone Legislation") all of which have resulted in official state designation of Jacksonville Enterprise Zone EZ-1601 (the "Enterprise Zone") on June 21, 1995, creation of the City's Enterprise Zone Development Agency, and approval and adoption of a Strategic Plan for the Enterprise Zone, all pursuant to and as provided in F.S. Ch. 290.

(b)

The alleviation of the conditions found in the Enterprise Zone Legislation to exist in the Enterprise Zone is hereby found to constitute a paramount public purpose of the City.

It is necessary and desirable to specifically provide for the inducement of public and private sector investment in the Enterprise Zone by making available financing assistance for the construction, acquisition or rehabilitation of public and private business projects which are consistent with the Strategic Plan and found to further its paramount public purpose.

(Ord. No. 2001-1099-E, § 2)