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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, Arkansas Glass Container Corporation, located at 516 W. Johnson Avenue in Jonesboro, Arkansas, has sought to participate in the program and more specifically has requested benefits accruing from construction of new facility; and
WHEREAS, Arkansas Glass Container Corporation, 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. Arkansas Glass Container Corporation 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, 2004.
2. This resolution shall take effect immediately.
ADOPTED AND APPROVED THIS 17th day of December, 2001.