104471 RESOLUTION NO. 10, 4 4 7
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4 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
5 CITY OF LITTLE ROCK, ARKANSAS, CERTIFYING LOCAL
GOVERNMENT ENDORSEMENT OF RAYTHEON AIRCRAFT
6 COMPANY TO PARTICIPATE IN THE ADVANTAGE
7 ARKANSAS PROGRAM.
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WHEREAS, the local government must endorse a business or enterprise to
11 participate in the Advantage Arkansas Program and benefit from the exemptions as
12 provided in the Advantage Arkansas Program Regulations of 1993 (formerly the
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14 Arkansas Enterprise Zone Program); and
15 WHEREAS, said endorsement must be made on specific forms available from
16 AIDC; and
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18 WHEREAS, Raytheon Aircraft Company, located at 2400 Grundfest Drive, has
19 been determined by the management of the Advantage Arkansas Program as an
20 appropriate applicant; and
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22 WHEREAS, Raytheon Aircraft Company has agreed to famish to management
23 of the Advantage Arkansas Program all necessary information for compliance.
24 NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF
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26 DIRECTORS OF THE CITY OF LITTLE ROCK, ARKANSAS:
27 SECTION 1 -A. Raytheon Aircraft Company shall be endorsed by the City of
28 Little Rock for benefit from the refunds and tax credits as provided in the Advantage
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30 Arkansas Program Regulations of 1993, through June 30, 1999, including any local City
31 gross receipts and compensating use taxes.
32 SECTION 1 -B. The Department of Finance and Administration shall be
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34 authorized to refund local sales and use taxes to Raytheon Aircraft Company
35 SECTION 2. The Mayor is authorized to sign the required Certificate of Local
36 Government Endorsement.
It
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SECTION 3. This Resolution shall take effect and be in full force from and after
its adoption and approval.
ADOPTED: January 5, 1999
ATTEST:
City Clerk Robbie Hancock
APPROVED AS TO FORM:
Thomas M. Carpenter
City Attorney
APPROVED:
MayouJim Dailey
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