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A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF JONESBORO, ARKANSAS TO AUTHORIZE THE MAYOR AND THE CITY CLERK TO EXECUTE AN ADMINISTRATIVE CONTRACT WITH THE EAST ARKANSAS PLANNING AND DEVELOPMENT DISTRICT, AND WILL BE FOR THE ADMINISTRATION OF THE ARKANSAS ECONOMIC DEVELOPMENT PROGRAM (ACEDP) FOR AN INFRASTRUCTURE PROJECT FOR THE CITY OF JONESBORO.
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WHEREAS, the City of Jonesboro, Arkansas is applying for funds under the aced program administered by the Arkansas Industrial Development Commission, (Aidc), for an infrastructure project; and
WHEREAS, in order to accomplish the goal and objectives of the program, it is necessary to obtain a Grant Administrator; and
WHEREAS, the City of Jonesboro, Arkansas desires to retain the East Arkansas Planning and Development District (EAPDD) to provide administrative services, contingent upon funding by AIDC; and
WHEREAS, the administrative services to be performed and the cost of administration of the project shall be negotiated with the AIDC upon notification of funding approval; and
WHEREAS, the cost of administration shall be payable form AIDC funds and will be a part of a grant amount awarded to the City of Jonesboro, Arkansas, and the amount for administration shall be determined by AIDC .
NOW, THEREFORE, BE IT RESOLVED that the Mayor of the City of Jonesboro, Arkansas, and the City Clerk are hereby authorized to contract with the EAPDD to administer the infrastructure project should the city receive funding.
PASSED AND ADOPTED the 3rd day of January, 1994.