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RESOLUTION OF THE CITY COUNCIL OF THE CITY OF JONESBORO, ARKANSAS, CERTIFYING LOCAL GOVERNMENT ENDORSEMENT OF BUSINESS TO PARTICIPATE IN THE ADVANTAGE ARKANSAS PROGRAM (ALSO KNOWN AS THE ARKANSAS ENTERPRISE ZONE PROGRAM - ACT 947 OF 1993).
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WHEREAS, the local government must endorse a business to participate in the Advantage Arkansas Program and benefit from the refunds/exemptions as provided in the Arkansas Enterprise Zone Program Regulations of 1993, and
WHEREAS, said endorsement must be made on specific form available from AEDC; and
WHEREAS, High Tech Properties, located at 3307 One Place, has sought to participate in the program and more specifically has requested benefits accruing from the expansion of the specific facility; and
WHEREAS, High Tech Properties has agreed to furnish the local government all necessary information for compliance.
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF JONESBORO, ARKANSAS THAT:
1. High Tech Properties be endorsed by the City of Jonesboro for the benefits from the refunds/tax credits as provided in the Arkansas Enterprise Zone Program Regulations of 1993, through June 30, 2001.
2. This resolution shall take effect immediately.
PASSED AND ADOPTED THIS 4th day of December, 2000.