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A RESOLUTION OF THE CITY COUNCIL FOR THE CITY OF JONESBORO TO ACCEPT AN ECONOMIC INFRASTRUCTURE FUND GRANT TO ASSIST WITH SITE PREPARATION WITH THE ALBERTO-CULVER PROJECT FROM THE ARKANSAS DEPARTMENT OF ECONOMIC DEVELOPMENT
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BE IT RESOLVED, by the City Council of the City of Jonesboro, Arkansas that:
SECTION 1: The City of Jonesboro accepts the Economic Infrastructure Fund Grant to assist with site preparation with the Alberto-Culver project in the amount of $1,500,000 from the Arkansas Department of Economic Development.
SECTION 2: The Mayor and City Clerk are hereby authorized to execute and accept such documents as are necessary to effectuate this agreement.
PASSED AND APPROVED this 6th day of February, 2007.