1012RESOLUTION NO. ~~
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF WEST
MEMPHIS, ARKANSAS CERTIFYING LOCAL GOVERNMENT ENDORSE-
MENT OF PETRO STOPPING CENTERS / CARDWELL-RUSSELL, A
TEXAS PARTNERSHIP, HEREINAFTER REFERRED TO AS PETRO,
TO PARTICIPATE IN THE ARKANSAS ENTERPRISE ZONE PROGRAM
AND AUTHORIZING THE MAYOR TO SIGN THE CERTIFICATION OF
LOCAL GOVERNMENT ENDORSEMENT AND OTHER FORMS, AS RE-
QUIRED.
WHEREAS, the application for Arkansas Enterprise Zone Program
designation prepared by the Community Development Agency of West Memphis
have been anprnved by the Arkansas Industrial Development Commission; and
WHEREAS, the approved Enterprise Zones are within the corporate
limits of the City of West Memphis and are designated Census Tract 306.10,
Block Group 9; and
WHEREAS, Petro wishes to participate in the Arkansas Enterprise Zone
Program; and
WHEREAS, the City of West Memphis must endorse Petro to participate
in the Arkansas 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, Petro has been determined appropriate applicants and has
~ agreed to furnish to the City of West Memphis, the Community Development
~ Agency of West Memphis, and the Arkansas Industrial Development 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 Petro 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 Petro for benefit from the exemption 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 imp ately.
DATE PASSED: `~` ~(~,,,~`~q g S
tman, Mayor
ATTEST:
Cr
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