1581RESOLUTION No.~~
RESOLUTION OF THE CITY COUNCIL OF WEST MEMPHIS, ARKANSAS,
CERTIFYING LOCAL GOVERNMENT ENDORSEMENT OF BUSINESS TO
PARTICIPATE IN THE ADVANTAGE ARKANSAS PROGRAM (FORMERLY THE
ARKANSAS ENTERPRISE ZONE PROGRAM -ACT 947 OF 1993).
WHEREAS, the local government must endorse a business to participate in the
i Advantage Arkansas Program and benefit from the refunds/tax credits as provided in the
~ Arkansas Enterprise Zone Program Regulations of 1993, and
WHEREAS, said endorsement must be made on specific form available from AEDC; and
WHEREAS, Coastal Unilube, Inc., located at 1200 S. 8th, West Memphis, Arkansas,
has sought to participate in the program and more specifically has requested benefits
accruing from new construction/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 RESOLVED BY THE CITY COUNCIL OF WEST
MEMPHIS, ARKANSAS, THAT.•
Coastal Unilube, Inc., be endorsed by the City of West Memphis for benefits from
the refixnds/tax credits as provided in the Arkansas Enterprise Zone Program
Regulations of 1993, through June 30, 2001.
2. the Department of Finance and Administration be authorized to refund local sales
and use taxes to Coastal Unilube, Inc..
this resolution shall take effect immediately.
C~J(~
Mayor Al Boals
Date Passed
Attest: