HomeMy WebLinkAbout1987-01-02-R RESOLUTION NO. � - - 2-
RESOLUTION
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BATESVILLE
CERTIFYING LOCAL GOVERNMENT ENDORSEMENT OF BUSINESS TO
PARTICIPATE IN THE ARKANSAS ENTERPRISE ZONE PROGRAM.
WHEREAS, the City of Batesville has an approved Zone designation
for Enumeration District #1144 within the corporate limits of
the City of Batesville; and
WHEREAS, the local government must endorse a business or
enterprise to participate in the Arkansas Enterprise Zone
Program and benefit from the exemptions as provided in Part IV
of the Arkansas Enterprise Zone Program Regulations of 1983; and
WHEREAS, said endorsement must be made on specific forms
available from AIDC; and
WHEREAS, White River Insurance Agency, Inc. , and Flyways
Management, Inc. , to be located at the corner of Allen and
Harrison Streets, has sought to participate in the program and
has been found by the management team of the enterprise zone
program to be eligible for the benefits thereof, and more
specifically has requested benefits accruing from the
construction of the office complex; and
WHEREAS, White River Insurance, Inc. , and Flyways Management,
Inc. , have 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
BATESVILLE, ARKANSAS, THAT:
1. White River Insurance Agency, Inc. , and Flyways Management,
Inc. , be endorsed by the City of Batesville for benefits
from the refunds/exemptions as provided in Part IV of the
Arkansas Enterprise Zone Program Regulations of 1983,
through June 30, 1989.
2. This resolution shall take effect immediately.
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.2'7, M�' 7
Date Passed
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ATTEST:
C i ty Clerk