title
Minutes for the City Council meeting on March 16, 1987
body
CITY COUNCIL MINUTES - MARCH 16, 1987
The Jonesboro City Council met at 7:30 p.m. at City Hall. Present were Mayor, City Clerk, and all Aldermen.
The Invocation was given by Mark Ford and the Pledge of Allegiance was led by Larry Fugate.
The minutes of March 2, 1987, were approved as mailed on motion by Mr. Stricklin, seconded by Mr. Evans. All voted aye.
Mr. Henry Jones, III, Chamber of Commerce President addressed the council regarding Associated Plastics, Inc. And read the following resolution offered by Mr. Sanderson:
A RESOLUTION AUTHORIZING A MEMORANDUM OF INTENT BY AND BETWEEN THE CITY OF JONESBORO, ARKANSAS; AND ASSOCIATED PLASTICS, INC. PERTAINING TO THE ISSUANCE OF INDUSTRIAL REVENUE BONDS FOR FINANCING THE COSTS OF ACQUIRING INDUSTRIAL FACILITIES; AND PRESCRIBING OTHER MATTERS RELATING THERETO.
Steve Orr, Chairman of the Board of the Chamber of Commerce stated Associated Plastics, Inc. of Riverside, California hopes to acquire the Flintrol, Inc. Plant at 3521 Airport Rd. Associated Plastics, Inc. manufactures plastic flush to grade pull boxes and underground enclosures for electric utilities and the telecommunications industry.
Mr. Sanderson moved, seconded by Mr. Nix to adopt the resolution. All voted aye. The resolution was given the number 1987:09.
Mr. Jones read the following resolution offered by Mr. Stricklin:
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF JONESBORO, ARKANSAS; CERTIFYING LOCAL GOVERNMENT ENDORSEMENT OF BUSINESSES TO PARTICIPATE IN THE ARKANSAS ENTERPRISE ZONE.
Mr. Hannah moved, seconded by Mr. Park to adopt the resolution. All voted aye. The resolution was given the number 1987:08.
Mr. Nix offered the following ordinance:
AN ORDINANCE AUTHORIZING A FIRST SUPPLEMENTAL INDENTURE OF TRUST RELATING TO INDUSTRIAL DEVELOPMENT REVENUE BONDS PREVIOUSLY ISSUED; AUTHORIZING A FIRST SUPPLEMENTAL LOAN AGREEMENT BETWEEN THE CITY OF JONESBORO, ARKANSAS AND FARR CO.; ...
Click here for full text