HomeMy WebLinkAbout1988-04-01-R RESOLUTION NO. o
RESOLUTION OF THE CITY COUNCIL OF BATESVILLE, ARKANSAS,
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 No. 1139 within the corporate limits 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 refunds/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, Emerson Electric, Inc., located off Highway #69, 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 operation of a manufacturing
facility; and
WHEREAS, Emerson Electric, Inc., has agreed to furnish the
management of the enterprise zone all necessary information for
compliance.
NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF BATESVILLE,
ARKANSAS, THAT:
1. Emerson Electric, Inc., be endorsed by 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.
yor
Date Passed
ATTEST: Z�2�'
City Clerk