1005RESOLUTION N0.
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF WEST
MEMPHIS, ARKANSAS CERTIFYING LOCAL GOVERNMENT ENDORSE-
MENT OF CLASSIC INN (PURU/ANSUYA PATEL) TO PARTICIPATE
IN THE ARKANSAS ENTERPRISE ZONE PROGRAM AND AUTHORIZING
THE MAYOR TO SIGN THE CERTIFICATE OF LOCAL GOVERNMENT
ENDORSEMENT AND OTHER FORMS, AS REQUIRED.
WHEREAS, the application for Arkansas Enterprise Zone Program
designation prepared by the Community Development Agency of West Memphis
is under review by the Arkansas Industrial Development Commission; and
WHEREAS, the Enterprise Zone is within the corporate limits of the
City of West Memphis and is designated Census Tract 308, Block Group 9;
and
WHEREAS, Classic Inn wishes to participate in the Arkansas Enterprise
Zone Program; and
WHEREAS, the City of West Memphis must endorse Classic Inn to partic-
ipate in the Enterprise Zone Program and benefit from the exemptions as
provided in Part IV of the Arkansas Enterprise Zone Program Regulations
of 1983; and
WHEREAS, said endorsement must be made on certain forms and certifi-
cates provided by the Arkansas Industrial Development Commission; and
WHEREAS, Classic Inn has been determined appropriate applicants and
has agreed to furnish to the City of West Memphis, the Community Develop-
ment Agency of West Memphis, and the Arkansas Industrial Development
I Commission all necessary information for compliance with the regulations
~; of the Arkansas Enterprise Zone Program.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
WEST MEMPHIS:
1. That the City of West Memphis supports the efforts of Classic Inn
to participate in the Arkansas Enterprise Zone Program in accordance
with program regulations and provisions under Act 740 of the Arkansas
General Assembly and endorses Classic Inn for benefit from the exemptions
provided in Part IV of the Arkansas Enterprise Zone Program Regulations
of 1983.
2. That the Mayor of West Memphis is authorized to sign the Cer-
tificate of Local Government Endorsement and related forms, as required.
3. That this Resolution shall take effect immed~e3'~:
r
DATE PASSED: /~~~ ~ ~ _/
itm 1 , Mayor
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ATTEST:
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Sponsored _ ,~ ~
L i man, ayor
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