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RESOLUTION OF THE CITY COUNCIL OF THE CITY OF JONESBORO, ARKANSAS CERTIFYING LOCAL GOVERNMENT ENDORSEMENT OF CERTAIN BUSINESSESS 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, Jonesboro Concrete Pipe, Inc., located at 800 West Johnson, P.O. Box 1500, Jonesboro, Arkansas, has sought to participate in the 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
WHEREAS, Jonesboro Concrete Pipe, 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) Jonesboro Concrete Pipe, Inc. is endorsed by the City of Jonesboro for benefit from the refunds/exemptions as provided in part V of the Arkansas Enterprise Zone Program Regulations of 1983, through June 30, 1989.
(2) That this Resolution shall take effects immediately.
PASSED and ADOPTED this 20th day of March, 1989.