File #: RES-87:1708    Version: 1 Name: Tax Back Program for Associated Plastics
Type: Resolution Status: Passed
File created: 3/16/1987 In control: City Council
On agenda: Final action: 3/16/1987
Title: RESOLUTION OF THE CITY COUNICL OF THE CITY OF JONESBORO, ARKANSAS CERTIFYING LOCAL GOVERNMENT ENDORSEMENT OF BUSINESSES TO PARTICIPATE IN THE ARKANSAS ENTERPRISE ZONE PROGRAM
Indexes: Tax Back Program
Related files: MIN-87:579

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RESOLUTION OF THE CITY COUNICL OF THE CITY OF JONESBORO, ARKANSAS CERTIFYING LOCAL GOVERNMENT ENDORSEMENT OF BUSINESSES 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’s 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 Program and benefit from the refunds/exceptions 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, Associated Plastics, Inc., located at 3521 Airport Road, Enterprise Zone 9901, has sought to participate in the program as has been found by the management of the Enterprise Zone Program to be eligible for the benefits thereof, and more specifically has requested benefits; and

 

WHEREAS, Associated Plastics, 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)                     Associated Plastics, Inc., be endorsed by the City of Jonesboro for benefit from the refunds/exemptions and 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 16th day of March, 1987.