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111620 0 RESOLUTION NO. 11.162 A RESOLUTION TO AUTHORIZE LOCAL GOVERNMENT ENDORSEMENT OF LIFE INVESTORS INSURANCE COMPANIES OF AMERICA, TO 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 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, Life Investors Insurance Companies of America, located at Centerview and Executive Drive, Little Rock, Arkansas, has been declared by the management of the Advantage Arkansas Program to be an appropriate applicant to participate in, and benefit from, the features of the program, and WHEREAS, Life Investors Insurance Companies of America has agreed to furnish to the 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. The City endorses, and the Mayor is authorized to execute any required Certificate of Local Government Endorsement, Life Investors Insurance Companies of America, 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 extend 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 Life Investors Insurance Companies of America, during the period of time that it participates in the Advantage Arkansas program. Section 3. Severability. In the event any section, 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 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. 0 Section 4. Repealer. All laws, ordinances, resolutions, or parts of the same, that are inconsistent with the provisions of this resolution are hereby repealed to the extent of such inconsistency. ADOPTED: Nov. 20, 2001 APPROVED a cy WQ4fd, City Clerk ATTEST: uL 60at e AidDailey, Mayor