To authorize the Director of the Department of Development to enter into an Enterprise Zone Agreement with COI Alkire Industrial, LLC (Building #1) for a tax abatement of seventy-five percent (75%) for a period of ten (10) consecutive years in consideration of the company’s proposed capital investment of $20,000,000.00 in real property improvements and the creation of 37 net new full-time permanent positions with an estimated annual payroll of approximately $1,154,400.00.