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RESOLUTION NO. 11.271
A RESOLUTION TO AUTHORIZE LOCAL GOVERNMENT
ENDORSEMENT OF THE WILLIAM J. CLINTON PRESIDENTIAL
FOUNDATION 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, The William J. Clinton Presidential Foundation 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, The William J. Clinton Presidential Foundation, 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, The William J. Clinton
Presidential Foundation, 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 The William J. Clinton Presidential
Foundation 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that are inconsistent with the provisions of this resolution are hereby repealed to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 16, 2002
ATTEST:
Na cy Wdod City Clerk
APPROVED:
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