Loading...
1585RESOLUTION No. IS85 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 Advantage Arkansas Program and benefit from the refunds/tax credits as provided in the Arkansas Enterprise Zone Program Regulations of 1993, and ~r WHEREAS, said endorsement must be made on specific form available from AFDC; and WHEREAS, Langston Companies, Inc., located at 1100 N. 7th St., West Memphis, Arkansas, has sought to participate in the program and more specifically has requested benefits accruing from new expansion of the specific facility; and WHEREAS, Langston Companies 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, ARKANSAS, THAT.• Langston Companies 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, through June 30, 2001. 2. the Department of Finance and Administration be authorized to refund local sales and use taxes to Langston Companies, Inc. 3. this resolution shall take effect immediately. Mayor Al Boals Date Passed : ~ Mbt~ Attest: Clerk RECEIVED CITY CLERK OFFICE O' 35 ~~ DATE Z ~~pp„asv ~~ ~~~o