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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 ARKANSAS ENTERPRISE ZONE PROGRAM
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WHEREAS, the City of Jonesboro, Arkansas has an approved Zone designation for enumeration district 9906 within the corporate limits of the City of Jonesboro; 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
WHEERAS, Optical Labs International LTD., Pumpkin Productions Inc., Herget Marketing Group Inc. located on Krueger Drive, 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 (construction of a new building); and
WHEREAS, Optical Labs International LTD., Pumpkin Productions Inc., Herget Marketing Group 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 the City of Jonesboro, Arkansas, that:
(1) Optical Labs International LTD., Pumpkin Productions Inc., Herget Marketing Group, Inc. be endorsed by the City of Jonesboro for the benefit from the refunds/exemptions as provided in Part IV of the Arkansas Enterprise Zone Program Regulations of 1983, through June 30, 1989.
(2) That this resolution shall take effect immediately.
PASSED and ADOPTED this 6th day of September, 1988.