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RES NO 10-05-2002 CITY OF VAN BUREN, ARKANSAS RESOLUTION NO. /0 -2002 A RESOLUTION CERTIFYING LOCAL GOVERNMENT ENDORSEMENT OF BUSINESS TO PARTICIPATE IN THE ADVANTAGE ARKANSAS PROGRAM (FORMERLY THE ARKANSAS ENTERPRISE ZONE PROGRAM ACT 947 OF 1993, AS AMENDED). WHEREAS, the local government must endorse a business to participate in the Advantage Arkansas 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 forms available from the Arkansas Department of Economic Development; and 2 WHEREAS, Spahn Custom Cabinets, Inc., located at 2620 Kibler Road, Van Buren, Arkansas, has sought to participate in the program and more specifically has requested benefits accruing from the construction of the specific facility; and WHEREAS, Spahn Custom Cabinets, 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: SECTION 1: THAT Spahn Custom Cabinets, Inc. be endorsed by the City of Van Buren, Arkansas, for benefits from the refunds /tax credits as provided in the Arkansas Enterprise Zone Program Regulations of 1993 as amended: SECTION 2: THAT this resolution shall take effect immediately. PASSED AND APPROVED THIS 14TH DAY OF OCTOBER 2002 C MAYOR 41 ATTESTED: 1. s CITY CLERK— TREASURER 1