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1475RESOLUTION No. ! H 7S A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF WEST MEMPHIS, ARKANSAS CERTIFYING LOCAL GOVERNMENT ENDORSEMENT OF A FACILITY TO BE LOCATED AT 3301 MID AMERICA BOULEVARD TO PARTICIPATE IN THE ARKANSAS ENTERPRISE ZONE PROGRAM OF 1993 AND AUTHORIZING THE MAYOR AND THE CITY CLERK/TREASURER TO SIGN THE CERTIFICATE OF LOCAL GOVERNMENT ENDORSEMENT AND OTHER FORMS, AS REQUIRED. WHEREAS, the local government must endorse a business or enterprise to participate in the Arkansas Enterprise Zone Program and benefit from the refunds/tax credits as provided in the Arkansas Enterprise Zone Program Regulations of 1993; and WHEREAS, Watkins Motor Lines, INC, located at 3301 Mid America Boulevard, has sought to participate in the program and more specifically has requested benefits accruing from construction of the specific facility; and WHEREAS, Watkins Motor Lines, INC has agreed to furnish the local government all necessary information for compliance. NOW THEREFORE BE IT RESOLVED BY THE City Council OF the City of West Memphis, ARKANSAS, THAT: 1. Watkins Motor Lines, INC be endorsed by the City Council of West Memphis, Arkansas for benefits from the refunds/tax credits as provided in the Arkansas Enterprise Zone Program Regulations of 1993, through June 30, 1999. 2. the Department of Finance and Administration be authorized to refund local sales and use taxes to Watkins Motor Lines, INC. 3. this resolution shall take effect immediately. r!~ Al Boals, Mayor Date Passed: AR N 9 ~ Attest: Dan Craft, Ci lerk/Treasurer RECEIVED CITY CLERK OFFICE DATE 3-~_aCo 1~~~`3 ate. $ . u; a~ IC.t,~ r ~~