1302RESOLUTION N0. l30~.
A RESOLUTION APPROVING AND RATIFYING AN AGREEMENT BETWEEN
THE CITY OF WEST MEMPHIS, ARKANSAS, THE CITY OF WEST
MEMPHIS ARKANSAS PUBLIC FACILITIES BOARD AND FAMILY DOLLAR
SERVICES, INC.
WHEREAS, Family Dollar Services, Inc., (FDS) the City of
West Memphis, Arkansas, (the "City") and the City of West
Memphis, Arkansas, Public Facilities Board (the "Board") have
entered into an agreement for the location and development of a
distribution facility in the industrial park known as Mid-
America Center and for certain improvements to be made to the
industrial park; and
WHEREAS, the City of West Memphis has assumed certain
obligations pursuant to the terms of said agreement; and
WHEREAS, the City Council of the City of West Memphis,
Arkansas, finds that the agreement between FDS, the City and
the Board should be approved and ratified and that the City
should be authorized to perform all obligations which it has
assumed pursuant to the agreement;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF WEST MEMPHIS, ARKANSAS THAT the agreement between FDS,
the City and the Board is hereby approved and ratified and the
City of West Memphis is hereby authorized to perform all
obligations assumed by the City pursuant to said agreement.
ADOPTED this 13th day of August, 199`L.Y.~.....-/~-~. '
._
~,. / ; .
ATTES
~~"
KEITH M. INGRAM, Mayor
By Pritchard Horton, Vice-Mayor
CRAFT , ~jrL`y`'~'~/~ rk