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1500RESOLUTION No. X500 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF WEST MEMPHIS, ARKANSAS CERTIFYING LOCAL GOVERNMENT ENDORSEMENT OF A FACILITY TO BE LOCATED AT 205 NORTH WALKER STREET 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 Frogram and benefit from the refunds/tax credits as provided in the Arkansas Enterprise Zone Program Regulations of 1993; and WHEREAS, Newberry Tanks & Equipment, Inc., located at 205 North Walker Street has sought to participate in the program and more specifically has requested benefits accruing from construction of the specific facility; and WHEREAS, Newberry Tank & Equipment, 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. Newberry Tank & Equipment, 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 Newberry Tank & Equipment, Inc. 3. this resolution shall take effect immediately. Al Roals, Mayor Date Passed: Attest: RECEIVED CITY CLERK OFFICE DATE ~~~ Fra-~. ~ s CERTIFICATE STATE. OF ARKANSAS ) .. (SS COUNTY OF CRITTENDEN) The undersigned, City Clerk of the City of 'test biemphis, Arkansas, hereby certifies that the above and foregoing is a true and complete and correct copy of Resolution No. 1500 A Resolution of the City Cnnnril of tha City of Watt Mam=hic~ Arkansas certifying local government endorsement of a facility to be located at 205 North Wa er ar a e i the r ansas Enterprise Zone Program of 1993 and authorizing the Mayor and City Clerk to sign the certificate of local governinen't endorsement er orms, as required. as the same appears in the official records of.~said City. IN S'tITNESS WHEREOF, I have hereunto set my hand as City Clerk of the City of jYest riemphis, Arkansas, and the Official Seal of said City, on this `~ '~ ~ ~ ~. ~~~ J, i .. .~ .. _ ~ 5th day of September lg 96 CITY CLERK, LYIT'~ OX~` WEST b1EnL~HI CRITTENDEN COUNTY, ARKANSAS