1123700 49
RESOLUTION NO. 11,237
A RESOLUTION TO AUTHORIZE LOCAL GOVERNMENT ENDORSEMENT
OF ST. JUDE SPECIALTIES, INC. LOCATED AT 6200 SCOTT HAMILTON
DRIVE, LITTLE ROCK, ARKANSAS, 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, St. Jude Specialties, Inc. , located at 6200 Scott Hamilton Drive, Little
Rock, Arkansas, has been declared by the management of the Advantage Arkansas
Program to be an appropriate applicant in, and benefit from, the features of the program,
and
WHEREAS, St. Jude Specialties , Inc. 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 id authorized to execute any
required Certificate of Local Government Endorsement, St. Jude Specialties, Inc., 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 St. Jude Specialties, Inc.. during the period of
time that it participates in the Advantage Arkansas Program.
Section 3. Severability. In the event any section, subdivision, paragraph,
subparagraph, item, sentence, clause, phrase, or work 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.
so
so
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are inconsistent with the provisions of this resolution are hereby repealed to the extent of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: March 5, 2002
ATTEST:
Nancy Woo , City Clerk
APPROVED:
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JA/bailey, Mayor