1730RESOLUTION No. ~ ~
RESOL UTION OF THE CITY COUNCIL OF WEST MEMPHIS, ARKANSAS,
CERTIFYING LOCAL GOVERNMENT ENDORSEMENT OF BUSINESS TO
PARTICIPATE IN THEADVANTAGEARKANSAS PROGRAM (FORMERLY THE
' ARKANSAS ENTERPRISE ZONE PROGRAM -ACT 947 OF 1993 as amended).
WHEREAS, the local government must endorse a business to participate in the
Advantage Arkansas Program and benefit from the refunds/tax credits as provided in the
Arkansas Enterprise Zone Program Regulations of 1993 as amended; and
WHEREAS, said endorsement must be made on specific form available from the
Arkansas Department of Economic Development; and
WHEREAS, Coastal Unilube, Inc., located at 915 Jefferson Street, West Memphis,
Arkansas, has sought to participate in the program and more specifcally has requested
benefits accruing from expansion of the specific facility; and
WHEREAS, Coastal Unilube, Inc., has agreed to furnish the local government all
necessary information for compliance.
NOW THEREFORE BE IT RESOL VED BY THE CITY COUNCIL OF WEST
MEMPHIS, ARI~CANSAS, THAT.•
1. Coastal Unliube, Inc., be endorsed by the city of West Memphis for benefits from the
refunds/tax credits as provided in the Arkansas Enterprise Zone Program Regulations
of 1993 as amended.
' 2. The Department of Finance and Administration be authorized to refund local sales
and use taxes to Coastal Unliube, Inc.
3. This resolution shall take effect immediately.
Mayor William H. ohnson
Date Passed: ~'~g~,vOrRT_'~_~ oL
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Attest:
_ Clerk
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RECEIVED
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a-~m~,~? t t ~ Z o ate.