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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
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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, Garner Packaging, Inc., located at 4401 Sarah St., P.O. Box 1540, Jonesboro, Arkansas 72403, was approved in November, 1985 and it requires a recertification to participate in the program and has been found by the management of the enterprise zone program and has been found by the management of the enterprise zone program to be eligible for the benefits thereof, and more specifically has requested benefits accruing from the expansion of existing facility and for employee credit benefits; and
WHEREAS, Garner Packaging, Inc. 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) Garner Packaging Inc. is endorsed by the City of Jonesboro for benefit from the refunds/exemptions as provided in Part IV of the Arkansas Enterprise Zone Program Regulations of 193, through June 30, 1989.
(2) That this resolution shall take effect immediately.
PASSED and ADOPTED this 3rd day of April, 1989.