HomeMy WebLinkAbout2002-10-01-R Advantage Arkansas
RESOLUTION No.AOOA-/O"/-le
RESOLUTION OF THE CITY COUNCIL OF BATESVILLE,ARKANSAS, CERTIFYING
LOCAL GOVERNMENT ENDORSEMENT OF BUSINESS TO PARTICIPATE IN THE
ADVANTAGE ARKANSAS PROGRAM(ALSO KNOWNAS 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 as amended; and
WHEREAS, said endorsement must be made on specific form available from the Arkansas
Department of Economic Development; and
WHEREAS, Montgomery Tool and Die, Inc. and Precision Plastic Molding, Inc. located at 50
Industrial Drive, Batesville, Arkansas, have sought to participate in the program and more
specifically have requested benefits accruing from expansion and construction of the specific
facility; and
WHEREAS, Montgomery Tool and Die, Inc. and Precision Plastic Molding, Inc. have agreed to
furnish the local government all necessary information for compliance.
NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF BATESVILLE,
ARKANSAS, THAT.
I. Montgomery Tool and Die, Inc. and Precision Plastic Molding, Inc. be endorsed by the
City Council of Batesville, Arkansas, for benefits from the refunds/tax credits as provided
in the Arkansas Enterprise Zone Program Regulations of 1993 as amended.
2. The Department of Finance and Administration be authorized to refund local sales and
use taxes to Montgomery Tool and Die, Inc. and Precision Plastic Molding, Inc.
3. This resolution shall take effect immediately.
94
,. L-& v Mayor, City of atesville
Date Passed: dca add
Attest: kxr�_ o7r 47-j-d
Clerk, City of Batesville(/
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