RES NO 01-06-1996 0
RESOLUTION NO ‘2 /7
RESOLUTION OF THE CITY COUNCIL OF VAN BUREN, ARKANSAS CERTIFYING LOCAL
GOVERNMENT ENDORSEMENT OF BUSINESS TO PARTICIPATE IN THE ARKANSAS
ENTERPRISE ZONE PROGRAM OF 1993.
WHEREAS, the local government must endorse a business or enterprise to
participate in the Arkansas Enterprise Zone Program and benefit from the
refunds /tax credits as provided in the Arkansas Enterprise Zone Program
Regulations of 1993; and
WHEREAS, said endorsement must be made on specific form available from
AIDC; and
WHEREAS, Arkansas Poly, Inc. located at 1248 South 28th Street; Van
Buren, Arkansas has sought to participate in the program and more
specifically has requested benefits accruing from expansion of the
specific facility; and
WHEREAS, Arkansas Poly, Inc. has agreed to furnish the local government
all necessary information for compliance.
NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF VAN
BUREN, ARKANSAS, THAT:
1. Arkansas Poly, Inc. be endorsed by the City of Van Buren for
benefits from the refunds /tax credits as provided in the Arkansas
Enterprise Zone Program Regulations of 1993, through June 30, 1999; and
2. The Department of Finance and Administration shall not be authorized
to refund local sales and use taxes to Arkansas Poly, Inc.
3. This resolution shall take effect immediately.
MAYOR
DATE PASSED: e< h v /796
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