Honolulu City Council Policy Resolutions(Link to original Word Processing Version)
RELATING TO THE DESIGNATION OF A WAIANAE COAST ENTERPRISE ZONE
FOR THE CITY AND COUNTY OF HONOLULU.
WHEREAS, Chapter 209E, HRS, authorizes each county, subject
to the Governor's approval, to designate up to six enterprise
zones within the county's boundaries; and
WHEREAS, an enterprise zone must be a contiguous area, the
population of which complies with a specified low-income
criterion or high unemployment criterion; and
WHEREAS, after county designation and gubernatorial approval
of an enterprise zone, a qualified business in the zone becomes
eligible for a State income tax credit and general excise tax
exemption and any local incentive made available by the county;
and
WHEREAS, in general, a qualified business is a business
entity which:
(1) Engages in wholesaling, manufacturing, agricultural
production, ship or aircraft repairing, or certain high
technology, medical, or educational services;
WHEREAS, at present the City and County of Honolulu has
three enterprise zones, one each in the North Shore,
Mililani/Wahiawa, and Ewa/Central Oahu Areas, and proposals have
been made for a fourth enterprise zone in urban Honolulu; and
WHEREAS, the Council finds that another enterprise zone
should be established along the Waianae Coast from Kahe Point
through Makaha, for the following reasons:
WHEREAS, finally, the Council finds that at least one
enterprise zone should be established along the Waianae Coast to
encourage employment opportunities for Waianae Coast residents
and provide direct and indirect benefits for Waianae Coast
businesses; now, therefore,
BE IT RESOLVED by the Council of the City and County of
Honolulu that the following area of the Waianae Coast, as
conceptually displayed in Exhibit A, be designated an enterprise
zone:
BE IT FURTHER RESOLVED that, if there is a conflict between
the description of the enterprise zone area under the preceding
paragraph and the map of Exhibit A, the description shall
prevail; and
BE IT FURTHER RESOLVED that the following incentives be
provided to qualified businesses in the Waianae Coast enterprise
zone:
(1) A rebate of real property taxes on all new construction
for a period not to exceed two years; and
BE IT FURTHER RESOLVED that the Council requests the Mayor
to concur with the designation and, on behalf of the Council,
prepare and submit the necessary application material to the
Governor for approval of the designation; and
INTRODUCED BY:
|