109440
RESOLUTION NO. 10,944
A RESOLUTION TO AUTHORIZE LOCAL GOVERNMENT
ENDORSEMENT OF VERIPLAS CONTAINERS, 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, Veriplas Containers, located at 6600 Geyer Springs Road, 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, Veriplas Containers. 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:
SECTION 1 -A. The City endorses, and the Mayor is authorized to execute any
required Certificate of Local Government Endorsement, Veriplas Containers 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.
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 Veriplas Containers, 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that are inconsistent with the provisions of this resolution are herby repealed to the extent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: December 12, 2000
ATTEST:
Clerk D ancy Wood
APPROVED AS TO FORM:
Thomas M. Carpenter
City Attorney
APPROVED:
Maybk Jim Dailey
CERTIFICATE
STATE OF ARKANSAS
COUNTY OF PULASKI
CITY OF LITTLE ROCK
r
I Nancy Wood, City Clerk within and for the City aforesaid, do herby certify that
Foregoing is a true and correct copy of Resolution No. 10,944 of the City of Little Rock,
Arkansas, entitled "A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
CITY OF LITTLE ROCK, ARKANSAS, CERTIFYING LOCAL GOVERNMENT
ENDORSEMENT OF VERIPLAS CONTAINERS TO PARTICIPATE
IN THE ADVANTAGE ARKANSAS PROGRAM'; adopted by the Board of
Directors of said City on December 12, 2000, said Resolution now appearing of record in
the City Clerk's Office.
IN WITNESS WHEREOF, I have hereunto set my hand and seal of office on this 18th
day of December 2000.
( C' Clerk
City of Little Rock, Arkansas