City of Jonesboro - File #: RES-16:004

• File #: RES-16:004
• Version: 1
• Name: Contract with NEAIDC for funding of economic development services
• Type: Resolution
• Status: Passed
• File created: 1/8/2016
• In control: Finance & Administration Council Committee
• Final action: 2/2/2016
• Title: RESOLUTION BY THE CITY COUNCIL OF THE CITY OF JONESBORO, ARKANSAS FOR THE CITY OF JONESBORO TO ENTER INTO A CONTRACT WITH NORTHEAST ARKANSAS INDUSTRIAL DEVELOPMENT COMMISSION FOR FUNDING OF ECONOMIC DEVELOPMENT SERVICES.
• Sponsors: Finance
• Indexes: Contract
• Related files: CON-383, CON-786

Date	Ver.	Action By	Action	Result
2/2/2016	1	City Council	Passed	Pass
1/26/2016	1	Finance & Administration Council Committee	Recommended to Council	Pass

Title

RESOLUTION BY THE CITY COUNCIL OF THE CITY OF JONESBORO, ARKANSAS FOR THE CITY OF JONESBORO TO ENTER INTO A CONTRACT WITH NORTHEAST ARKANSAS INDUSTRIAL DEVELOPMENT COMMISSION FOR FUNDING OF ECONOMIC DEVELOPMENT SERVICES.

Body

WHEREAS, The City of Jonesboro has received a contract from Northeast Arkansas Industrial Development Commission; and

WHEREAS,  This contract is for the purpose of providing economic development services to the City of Jonesboro in the amount of $394,750.00; and

WHEREAS,  It is in the best interest of the City of Jonesboro that the City Council authorize the Mayor and City Clerk to execute this contract; and

NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF JONESBORO, ARKANSAS THAT:

Section 1:  This contract is for the purpose of obtaining economic development services from Northeast Arkansas Industrial Development Commission.

Section 2:  That this contract is for the best interest of the residents of the City of Jonesboro.

Section 3: The Mayor and City Clerk are hereby authorized to execute said contract.

PASSED AND APPROVED this 2nd day of February, 2016.