1657RESOLUTION NO. _.JJ2~._...
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
WHEREAS, said endorsement must be made on specific form available from Arkansas
Department of Economic Development; and
WHEREAS, a new distribution company has sought to participate in the program and
more specifically has requested benefits accruing from construction of the specific
facility; and
WHEREAS, the Distribution Company 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. Distribution 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, through June 30, 2001.
2. The Department of Finance and Administration be authorized to refund local sales
and use taxes to the Distribution Company.
3. This resolution shall take effect immediately.
• 'lam-..~ ` ~ ~J-~'~
William H. Jo on, Mayor
Date Passed: ~ •~ c,3 S~" ~~
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Attest:
' ip Para, City Clerk
l
~ECE11/ED
CITY CLERKS OFFICE
DATE - -O d In :3 0 w~,.
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