10849a 4
RESOLUTION NO. 10,849
A RESOLUTION TO AUTHORIZE LOCAL GOVERNMENT
ENDORESEMENT OF DIAMOND BEAR BREWING COMPANY,
PARTICIPATE IN THE ADVANTAGE ARKANSAS PROGRAM;
AND FOR OTHER PURPOSES.
WHEREAS, the regulations of the Advantage Arkansas Program, formerly the
Arkansas Enterprise Zone Program, require local government endorsement of a business
or enterprise that wishes to participate in, and take advantage of, the program, and
WHEREAS, this endorsement is required to be on specific forms supplied by the
Arkansas Industrial Development Commission, and,
WHEREAS, Diamond Bear Brewing Company, located at 323 Cross Street,
Little Rock Arkansas has been declared by the management of the Advantage Arkansas
Program as an appropriate applicant to participate in, and benefit from, the features of the
program, and
WHEREAS, Diamond Bear Brewing Corporation. has agreed to furnish to
management of the Advantage Arkansas Program all information necessary to assure
compliance with the terms and conditions of the program.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF
DIRECTORS OF THE CITY OF LITTLE ROCK, ARKANSAS:
SECTIONv 1 -A. The City endorses, and the Mayor is authorized to execute any
required Certificate of Local Government Endorsement, Diamond Bear Brewing
Company to participate in the Advantage Arkansas Program, and to be eligible to benefit
from any refunds and tax credits, including City gross receipts and compensating use tax
credits, in accordance with the regulations of the Advantage Arkansas Program.
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SECTION 2. To the extent the City has authority to grant such authority, the
Department of Finance and Administration is authorized to refund any City sales and
compensating use taxes collected from Diamond Bear Brewing Company, during the
period of time that it participates in the Advantage Arkansas Program.
SECTION 2. Severability. In the event any action, subsection, subdivision,
paragraph, subparagraph, item, sentence, clause, phrase, or word of this resolution is
declared or adjudged to be invalid or unconstitutional, such declaration or adjudication
shall not affect the remaining portions of the resolution which shall remain in full force
and effect as if the portion so declared or adjudged invalid or unconstitutional was not
originally a part of the resolution.
SECTION 3. Repealer. All laws, ordinances, resolutions, or parts of the same,
that are inconsistent with the provisions of this resolution are herby repealed to the extent
of such inconsistency.
ADOPTED: July 5, 2000
ATTEST:
City gerk Nay y Wood
APPROVED AS TO FORM:
Thomas
Attorney
APPROVED:
M r Jim Dailey