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......... ... <br /> COUNTY OF HAWAII STATE OF HAWAII <br /> RESOLUTION NO. 283 15 <br /> A RESOLUTION TO NOMINATE ENTERPRISE ZONES FOR CONSIDERATION <br /> AND DESIGNATION BY THE GOVERNOR OF THE STATE OF HAWAII. <br /> WHEREAS, the County of Hawai`i encourages sound economic development on the <br /> Island of Hawai`i; and <br /> WHEREAS, the designation of Enterprise Zones in Hawai`i County provides approved <br /> businesses within such zones with tax incentives to foster economic development and generate <br /> employment; and <br /> WHEREAS, the County of Hawai`i will offer eligible businesses a three-year exemption <br /> from any increase in property taxes resulting from new construction in enterprise zones; and <br /> WHEREAS, the State of Hawai`i, through Chapter 209E, Hawai`i Revised Statutes and <br /> Chapter 6 of Title 15, Hawaii Administrative Rules, has established procedures for designating <br /> Enterprise Zones for the purpose of stimulating business and industrial growth; and <br /> WHEREAS, the County of Hawaii through Ordinance 94-08 enabled the establishment <br /> of, and codified as Chapter 31 in the Hawai`i County Code, an Enterprise Zone Program; and <br /> WHEREAS, Hawaii County Enterprise Zones are nominated by the County of Hawai`i <br /> and formally designated by the Governor; and <br /> WHEREAS, a designated Enterprise Zone retains such Enterprise Zone status for a <br /> twenty-year period; and <br /> WHEREAS, the twenty-year period for the designated zones of Hamakua, Hilo-Puna, <br /> and North Kona expired on October 1, 2014; and <br /> WHEREAS, the twenty-year period for the designated zone of Ka`u expired on May 1, <br /> 2015; and <br /> WHEREAS, the twenty-year period for the designated zone of South Kona will expire <br /> on April 1, 2016; and <br />