TOWN OF PRINCESS ANNE, MARYLAND LEGISLATIVE SESSION RESOLUTION NO. 2023- 04_ Al RESOLUTION TO DESIGNATE AN AREA WITHIN THE TOWN OF PRINCESS WHEREAS, the' Town of Princess Anne has designated an enlarged Enterprise Zone (1,320 acres) during the past ten (10) years as permitted by Maryland Code, Economic ANNE AS AN ENTERPRISE ZONE FOR ANOTHER TEN (10) YEARS. Development, Article, Section 5-704; and WHEREAS, the President and Commissioners oft the Town of] Princess Anne desire to continue the tax credits available in the Enterprise Zone for another ten (10) year period. NOW, THEREFORE, BE. ITI RESOLVED, by the President and Town Commissioners of the Town of Princess Anne, Maryland, do hereby designate the area shown on the Enterprise Zone Map, attached hereto as Exhibit A, as an Enterprise Zone for the next ten (10): years. THE. ABOVE. RESOLUTION was introduced and read and passed ai regular meeting oft the President and' Town Commissioners of Princess Anne on the 3-yofApril 2023, and is to become effective immediately upon adoption. - Orlondo Taylor, Viçe President e0n Shelley. Johnson, Commissiongr Lionel Frederick, Commissioner Hortatco 0 /Marshall Corbin, Commissioner - L Attèst: gice Clayton Anderson, Town Manager Exchibit A Original EZAcreage: 1206 New EZ. Acreage: 1320 Princess Annel Somerset County Enterprise Zone Parcel Acreage March 2020 Current Enterprise Zone Proposed Additions 0.5 0 1.mi Maryland OPPAPTMENT OF 4A