1795RESOLUTION No. 1 ~ q 5
RESOL UTION OF THE CITY COUNCIL OF WEST MEMPHIS, ARKANSAS,
CERTIFYING LOCAL GOVERNMENT ENDORSEMENT OF MI 2, LLC TO
PARTICIPATE IN THE ADVANTAGE ARKANSAS 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, MI 2, LLC located at 3297 Kuhn Road, West Memphis, Arkansas, has
sought to participate in the program and more specifically has requested benefits accruing
from purchasing of land and construction of new building for distribution; and
WHEREAS, MI 2, LLC of West Memphis, AR, has agreed to furnish the local
government all necessary information for compliance.
NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF WEST
MEMPHIS, ARKANSAS, THAT:
1. MI 2, LLC 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 MI 2, LLC.
3. This resolution shall take effect immediately.
Mayor Willi .Johnson
Date Passed: OG~c~~!' 7 c~~~{
Attest: -
Phi ara, City Clerk
RECEIVED
City Clerk's Office ~ , S ~
Date/Time -~
By ,' /S