1491RESOLUTION No. /_~I
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF WEST
MEMPHIS, ARKANSAS CERTIFYING LOCAL GOVERNMENT
ENDORSEMENT OF A FACILTIY TO BE LOCATED AT SOUTH
PORT ROAD TO PARTICIPATE IN THE ARKANSAS
ENTERPRISE ZONE PROGRAM OF 1993 AND AUTHORIZING
THE MAYOR AND THE CITY CLERK 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, Xerxes Corporation, located at South Port Road has
sought to participate in the program and more specifically has
requested benefits accruing from construction of the specific facility;
and
WHEREAS, Xerxes Corporation 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. Xerxes Corporation 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 Xerxes Corporation.
3. this resolution shall take effect immediately.
~~
Al Boals, Mayor
Date Passed: 3~ ~ (°~ --~
Attest: -~ ~~
Dan Craft, 1ty er RECEIVED
CITY CLERK OFFICE
DATE s . ~ l'~l ,~,,,~ ~ I l'- 5 0 ,~
sydn~,.~ Rurir~.~s
CERTIFICATE
STATE. OF ARKANSAS )
,. (SS
COUNTY OF CRITTENDEN)
The undersigned, City Clerk of the City of West Memphis,
Arkansas, hereby certifies that the above and foregoing is
a true and complete and correct copy of
25th day of
A Resolution of the Cit Council of the Cit of West e i
Arkansas certifying local government endorsement of a facility
to be located at South Port Road to participate in the'Aritansas
Enterprise Zone Program.
as the same appears in the official records of.said City.
IN WITNESS WHEREOF, I have hereunto set my hand as City
Clerk of the City of West bTec~phis, Arkansas, and the Official
Seal of said City, on this
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Resolution No. 1491
June ~ lg 96
CITY CLERK, CITY F S ST biEnL~HIS
CRITTENDEN COUNTY, ARKANSAS