title
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF JONESBORO ARKANSAS CERTIFYING LOCAL GOVERNMENT ENDORSEMENT OF CERTAIN BUSINESSES TO PARTICIPATE IN THE ARKANSAS ENTERPRISE ZONE PROGRAM
body
WHEREAS, the City of Jonesboro, Arkansas has several approved Enterprise Zone designations, which are enumeration districts 9901, 9902 and 9906, within the corporate limits of the City of Jonesboro, Arkansas; and
WHEREAS, the local government must endorse a business or enterprise to participate in the Arkansas Enterprise Zone Program and benefit from the refunds/ exemptions as provided in Part IV of the Arkansas Enterprise Zone Program Regulations of 1983; and
WHEREAS, said endorsement must be made on specific form available from AIDC; and
WHEREAS, Dana Corporation, located at 4929 Krueger Drive, Jonesboro, Arkansas, was approved in November, 1985 and it requires a recertification to participate in the program and has been fund by the management of the enterprise zone program to be eligible for the benefits thereof, and
WHEREAS, Dana Corporation 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 Jonesboro, Arkansas, That:
(1) Dana Corporation is endorsed by the City of Jonesboro for the benefit from the refunds/exemptions as provided in Part IV of the Arkansas Enterprise Zone Program Regulations of 1983, through June, 1989.
(2) That this Resolution shall take effect immediately.
PASSED and ADOPTED this 5th day of December, 1988.