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RESOLUTION BY THE CITY COUNCIL OF THE CITY OF JONESBORO, ARKANSAS FOR THE CITY OF JONESBORO TO ENTER INTO A CONTRACT WITH NORTHEAST ARKANSAS INDUSTRIAL DEVELOPMENT COMMISSION (NEAIDC) FOR FUNDING OF ECONOMIC DEVELOPMENT SERVICES.
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WHEREAS, The City of Jonesboro has received a contract from Northeast Arkansas Industrial Development Commission (NEAIDC); and
WHEREAS, This contract is for the purpose of providing economic development services to the City of Jonesboro in the amount of $394,750.00; and
WHEREAS, It is in the best interest of the City of Jonesboro that the City Council authorize the Mayor and City Clerk to execute this contract; and
NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF JONESBORO, ARKANSAS THAT:
Section 1: This contract is for the purpose of obtaining economic development services from Northeast Arkansas Industrial Development Commission.
Section 2: That this contract is for the best interest of the residents of the City of Jonesboro.
Section 3: The Mayor and City Clerk are hereby authorized to execute said contract.
PASSED AND APPROVED this 15th day of May, 2018.