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RESOLUTION NO. 11.249
A RESOLUTION TO AUTHORIZE LOCAL GOVERNMENT
ENDORSEMENT OF RALEIGH SPRING WATER COMPANY,
LOCATED AT 3201 SOUTH MAPLE STREET, 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, Raleigh Spring Water Company, located at 3201 South Maple
Street, Little Rock, Arkansas, has been declared by the management of the
Arkansas Advantage Program to be an appropriate applicant in, and benefit from,
the features of the program, and
WHEREAS, Raleigh Spring Water Company, 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, Raleigh Spring Water
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.
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 form Raleigh Spring Water Company,
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 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.
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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that are inconsistent with the provisions of this resolution are hereby repealed to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: April 2, 2002
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ATTEST: APPROVED:
Nancy Wood City Clerk 213ailey, Mayor