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ORD 41756 - Enhanced Employment Area - Logan BuildingOrdinance No. _________ Page 2 owner, the City Council determines that it is necessary, desirable, advisable and in the best 1 interests of the City that a general business occupation tax be imposed within the enhanced 2 employment area, as designated herein, for the purpose set forth in Chapter 19-901(b) of the 3 Omaha Municipal Code. The City Council further determines that based on written 4 undertakings provided by the property owner and the developer, the new investment in the 5 enhanced employment area satisfies the employment requirements of the Act. 6 Section 2. Designation of Enhanced Employment Area. The City hereby designates the 7 area described on Exhibit "A", attached hereto and incorporated herein, as an "enhanced 8 employment area" as defined under section 18-2103(11) of the Act (the "Enhanced 9 Employment Area"). The Enhanced Employment Area is within a "substandard and blighted" 10 area pursuant to section 18-2109 of the Act, and included within and considered a part of a 11 "community redevelopment area" for the City and the Redevelopment Project meets the 12 employment requirements under the Act. 13 Section 3. Occupation Tax Imposed; Collection of Occupation Tax. Commencing 14 January 1, 2020, and in each calendar month thereafter until December 31, 2044, there shall be 15 imposed a general business occupation tax upon each and every person operating a business 16 within the Enhanced Employment Area (the "Occupation Tax"). The amount of such 17 Occupation Tax shall be based on the following business uses taking place within the 18 Enhanced Employment Area: 19 1.3.00% (three percent) of the gross room revenues of all hotel businesses located20 in the Enhanced Employment Area;21 2.3.00% (three percent) of gross retail sales of all hotel businesses located in the22 Enhanced Employment Area;23 3. 7.00% (seven percent) of gross parking revenues of all hotel businesses located24 within the Enhanced Employment Area;25