1208RESOLUTION NO. _l~Q__~__
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF WEST MEMPHIS, ARKANSAS, CERTIFYING LOCAL
GOVERNMENT ENDORSEMENT OF SUPERIOR INDUSTRIES
INTERNATIONAL, INC. TO PARTICIPATE IN THE
ARKANSAS ENTERPRISE ZONE PROGRAM
WHEREAS, the City of West Memphis, Arkansas has approved
zone designation for census tract 306.20, block group 9 within
the corporate limits of the City of West Memphis; and
WHEREAS, the local government must endorse a business or
enterprise to participate in the Arkansas Enterprise Zone Pro-
gram and benefit from the refunds/exemptions as provided in the
Arkansas Enterprise Zone Program Regulations of 1989; and
WHEREAS, said endorsement must be made on specific forms
available from the Arkansas Industrial Development Commission;
and
WHEREAS, Superior Industries International, Inc., located
at 1515 South Avalon, West Memphis, Arkansas has sought to
participate in the program and has been found by the management
of the enterprise zone program to be eligible for the benefits
thereof, and more specifically has requested benefits accruing
from expansion/construction of the specific facility; and
WHEREAS, Superior Industries International, Inc. has
agreed to furnish the management of the enterprise zone all
necessary information for compliance.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF WEST MEMPHIS, ARKANSAS, THAT:
1. That Superior Industries International, Inc. be
endorsed by the City of West Memphis, Arkansas
for benefit from the refunds/exemptions as
provided in the Arkansas Enterprise Zone Program
Regulations of 1989, through June 30, 1995.
2. That this Resolution shall take effect immediately.
DATE PASSED : ~yi,q,~,~h, I S~! 9 4 O
ATTEST:
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APPLICATION FOR TAX CREDIT
Instructions
A company will submit this application in order to receive
qualification status as a participant in the enterprise zone
program. The application can be submitted at any time during the
year.
Please attach a map clearly identifying tre enterprise zone and
the location of the facility/business within the zone. A map may
be obtained from the local governing authority.
The completed application form must be submitted to the local
enterprise zone management team. The local governing authority
(city or county government} is responsible for sending the
original application and the resolution to:
Coordinator
Enterprise Zone Program
Arkansas Industrial Development Commission
One State Capitol riall
Little Rock, AR 72201
If any item in the application needs clarification, or if you
have questions on the enterprise zone program, contact the local
governing authority or AIDC.
Please remove the cover page before submitting the application.
.'
Application
ARKANSAS ENTERPRISE ZONE PROGR_~M
SECTION A - COMPANY INFORMATION
1. Name of Firm: Superior Industries International, Inc.
2. Principal mailing address: 1515 S. Avalon, W. riemphis, 72301
3. Location of Business:
•1515 S. Avalon W. Memphis 72301
(Street Address) (City or County)
4. Enterprise Zone by Census Designation: CT306.,2 BG 9 ED
5.. Standard Industrial Classification Code (SIC) : 3--~ i o
6. Description of principal business activity products manu-
factured, etc.
Manufacture automotive aftermarket products
7. Date firm began or anticipates operations in Enterprise Zone:
Jan. 1, 1990
8. Contact person: Gary Hollyfield g, Phcne (501) 732-4170
SECTION B - EMPLOYMENT DATA
1. How many employees do you now have? 1 as of 1-15-90
(number) (date)
2. What was your. average annual employment for the previous
fiscal year? 0 (Add monthly averages and divide by 12
or by number of months in business.)
3. How many additional full time {20 hours or more per week)
employees do you anticipate hiring during this fiscal year?
80
In order to receive enterprise zone tam credits, AIDC strongly
encourages hiring through the local Arkansas Employment Security
Division. The business must certify (and verify after hiring)
that at least 35~ of its net new employees meet the criteria set
forth in Section 1 published by the Revenue Division of the
Arkansas Enterprise Zone Program Regulations.
In proceeding with employment, remember that 35$ of all new
employees must be (a) residents of the same county as the
location of the business or counties adjacent thereto; and (b)
have been receiving some form of public assistance immediately
prior to employment; or are considered unemployable by
traditional standards or lacking in basic skills at the time of
employment.
Public assistance means any contribution, monetary or otherwise,
made by federal, state, county, and/or local governments to
individuals who qualify therefore by reason of indigence and/or
unemployment, as determined by the applicable rules, regulations,
or guidelines, of each public assistance program (e.g.
unemployment insurance compensation, Section 8 housing payments,
Social Security, etc.)
Employees considered unemployable by traditional standards should
have met items 2, 3, and 4 cf those listed below. A person that
would qualify as lacking in basic skills should meet criteria 1,
3, and 4 of the following items: ~'
(1) be required to participate in a company
training program; or
(2) been unemployed_for at least 13 weeks prior to
employment with the company;
(3) should not have quit last employer without good
cause to gain employment with the company; and
(4) have registered with either the Arkansas
Employment Security Division or a private
employment agency.
4. Estimated number of qualifying net* new employees (exclude
owners) for which you expect to take the X2,000 income tax
credit. gp
*Net - difference between annual average of one year over the
average of previous year.
r'
SECTION C - INFORMATION FOR SALES/USE TAX
1. Describe the project and items for which sales/use tax
credit i5 requested. Include whether expansion or new
construction of building space; identify whether project
is phased development if there are plans for expansion in
the future; and construction schedule and purchase of
machinery/equipment schedule. Provide examples of
expected expenses such as type of equipment and activities
to be carried out in new or expanded facilities.
NOTE: No sales or use tax rebates can be issued on
Licensed Motor Vehicles. Rebates issued on building
materials are primarily those which become a
permanent part of the structure.
Installation of Paint Line (new) $100,000
Upgrade plating line 250,000
Mfg. Machinery ~ 100,000
2. Anticipated Costs: $ 200,000 Land
$ 1,800,000
~ 450,000
Building
Equipment
~ 250,000
Other :(describe- Machinery
on separate and
sheet) equipment not
listed above.
$ 2700,000 Total
3. The business and its contractors must give preference and
priority to Arkansas Manufacturers, suppliers, contractors
and labor, except where it is not reasonable possible to do
so without added expense, substantial inconvenience or
sacrifice in operation efficiency. Provide an estimate of
the percent of expenditures in the following categories:
Building, Machinery
Equipment
Arkansas:
*
Labor
90 $
Outside
Arkansas: $ 10 $
* Building 100%; machinery an equipment not available at t is time.
4. Explair, the need for purchases outside oz Arkansas:
For raw materials not available within Arkansas or when it is
economical for purchases to be made from supplier's outside Arkansas.
5. Projected Construction Start Mar. 1990
6. Projected Construction Completion Aug. 1990
7. Projected Commencement of Hiring
Jan. 1990
SECTION D - INFORMATION FOR INCOME TAX EXEMP^1 ION
1. Is ownership of your business:
Individual Fiduciary Partnership
Taxable Corporation x Small Business Corp.
Owner(s) Name Percent Social Security or Ccrporate
Ownership Tax I.D. Number
Superior Industries International, Inc.
100% 95-2594729
2. A business must file its Arkansas income tax statement no
later than 4 1/2 months after the end of the calendar or
fiscal year. When will this company file our state income
tax return forms? to
(date) (date)
Currently filing as:
Superior Industries International, Inc.
FEIN 95-2594729
3. CERTIFICATION
BEFORE ME, the undersigned authority, personally came and
appeared ~~0' ~rZ~s~~~/ who being first .duly sworn
(Name of Company Official
e e and a t o „~ ~ ~~~ ~~'a~~.~
did d pos s y, h t s~~ is ~, ~A'~
~"''~/ (Title )
~~~~,~/~~•,~~o~~-c, rye.
(Company)
This affidavit is made for the specific purpose of verifying
that s/he has examined the information contained in these nine
pages. Sworn to and subscribed before me the ~_ day of
19~.
~~~
(Notary)
My commission expires ~~ ~~~'~
' ~•
' ~'~~• ~ OFFICIAL SEAL
MAR
; Y ELLEN THOMAS
' Notary Public~alltomla
LOS ANGELES COUNTY
•~~~o~ ''_ My Comm. Exp. July 31,1992
ny
(Si ture of Company Official)