Authorizing the Urban Enterprise Association to Submit an Application for Enterprise Zone Boundry Modification

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ATTACHMENT: PART 111 SECTION 1V - BOUNDARY MODIFICATION PROPOSAL PAGE 2 Specific factors important to the Ill ?A in thcir.juslificalion for including these areas are: Nos. 3 and 4 I) InCIUSIPn will allow for more logical zone boundary and eliminates "pockets" relative to both areas. 2) Area No. 3 will allow for a more comprehensive approach to the planned redevelopment in the norther section of the Southeast, and any subsequent commercial development opportunities. 3) Area No. 4 will provide the availability of zone status and incentives for the vacant building. No.5 1) Current boundary splits neighborhood 2) Potential /planned school development carves out this specific area making it logical for inclusion 3) Planned redevelopment activities in the northern section of the neighborhood will eliminate residential currently existing there. Those being relocated might be interested in replacement housing within the neighborhood and this inclusion offers existing zone residents the opportunity to remain in the neighborhood and remain a zone resident. Relocations will also take place from the residential area being redeveloped by the school corporation. 4) Will allow future activities to blend more fully with the redevelopment and revitalization plans for SFDA (Sample -Ewing Development Area), as the proposed area is included in SEDA. 5) Additional residents would be able to take advantage of the Zone Resident Employment Program, allowing the program to address more individuals and be more comprehensive geographically. Area No. 5 does change, but does not violate, the initial criteria in terms of population, poverty level, unemployment, and percentage of zone property by type. Population 1831 Poverty level 25.8% * Unemployment= 14.3% r * Unemployment is calculated with civilian labor force only; number of unemployed t divided by total employable Alo prop