1763RESOLUTION No. ~ `~ C~ 3
RESOLUTION OF THE CITY COUNCIL OF WEST MEMPHIS, ARKANSAS,
CERTIFYING LOCAL GOVERNMENT ENDORSEMENT OF COMPANY 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, Company located at address, West Memphis, Arkansas, has sought to
participate in the program and more specifically has requested benefits accruing from
purchasing of existing building and construction of new building for manufacturing and
distribution; and
WHEREAS, Company of West Memphis, AR, 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, ARKANSAS, THAT:
1. Company 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 Company.
3. This resolution shall take effect immediately.
Date Passed: ~A ry~Aa.y ~ 6~ x.003
Attest:
Ph' a, City Clerk
Mayor William H. Johnson
CITY CLERKS OFFICE
DAB 1 3 ll ~ 3a a~
FRAM ~~