103111
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
RESOLUTION NO. 10, 311
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
CITY. OF LITTLE ROCK, ARKANSAS, CERTIFYING LOCAL
GOVERNMENT ENDORSEMENT OF LEISURE ARTS,
INCORPORATED 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, Leisure Arts, Incorporated, located at 5701 Ranch Drive, has been
determined by the management of the Enterprise Zone as an appropriate applicant, and
WHEREAS, Leisure Arts, Incorporated has agreed to furnish 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. Leisure Arts, Incorporated 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 1 -B. The Department of Finance and Administration shall be
authorized to refund local sales and use taxes to Leisure Arts, Incorporated.
SECTION 2. The Mayor is authorized to sign the required Certificate of Local
Government Endorsement.
MI
1�
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
SECTION 3. This Resolution shall take effect and be in full force from and after
its adoption and approval.
ADOPTED: July 7, 1998
ATTEST:
City ClerIcRoobbielIanco
APPROVED AS TO FORM:
aYl ,
Thomas M. Carpenter
City Attorney
APPROVED:
Vice Mayor Michael Keck
341