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RESOLUTION NO. 10,170
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
CITY OF LITTLE ROCK, ARKANSAS, CERTIFYING LOCAL
GOVERNMENT ENDORSEMENT OF BEST FOODS, A DIVISION
OF CPC INTERNATIONAL, INC. TO PARTICIPATE IN THE
ARKANSAS ENTERPRISE ZONE PROGRAM.
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 the Arkansas Enterprise Zone Program Regulations of 1993, and
WHEREAS, said endorsement must be made on specific forms available from
AIDC, and
WHEREAS, Best Foods, a division of CPC Intemational, Inc., located at 8201
Frazier Pike, has been determined by the management of the Enterprise Zone as an
appropriate applicant, and
WHEREAS, Best Foods, a division of CPC Intemational, Inc. has agreed to
famish to management of the Enterprise Zone all necessary information for compliance.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF
DIRECTORS OF THE CITY OF LITTLE ROCK, ARKANSAS:
SECTION 1 -A. Best Foods, a division of CPC International, Inc. shall be
endorsed by the City of Little Rock for benefit from the refunds and tax credits as
provided in the Arkansas Enterprise Zone Program Regulations of 1993, through June 30,
1999, including any local City gross receipts and compensating use taxes.
SECTION l -B. The Department of Finance and Administration shall be
authorized to refund local sales and use taxes to Best Foods, a division of CPC
International, Inc.
SECTION 2. The Mayor is authorized to sign the required Certificate of Local
Government Endorsement.
SECTION 3. This Resolution shall take effect and be in full force from and after
its adoption and approval.
ADOPTED: January 6, 1998
ATTEST:
6,U j,,,;, L &a,
City Clerk Robbie Hancock
APPROVED AS TO FORM:
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Thomas M. Carpenter
City Attorney
APPROVED:
MgVr Jim Dailey