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RESOLUTION NO. 11,291
A RESOLUTION TO AUTHORIZE LOCAL GOVERNMENT ENDORSEMENT
OF APPLICA CONSUMERS PRODUCTS, INC. INC., 6901 LINDSEY ROAD
AND AT 1900 W. 65'" 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
enterprises that wishes to participate in, and take advantage of the program and
WHEREAS, Applica Consumers products, Inc. has been declared by the management
of the Arkansas Advantage Program to be an appropriate application, and benefit form,
the features of the program, and
WHEREAS, Applica Consumers products, 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.
WHEREAS, Applica Consumers products, 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 endorsees, and the Mayor is authorized to execute any required
Certificate of Local Government Endorsement, of Applica Consumers products, 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 Applica Consumers products, Inc. during the
period of time that it participates in the Advantage Arkansas Program.
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SECTION 3. Severability. In the event any section, subsection, paragraph,
subparagraph, item, sentence, clause, phrase, or word 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.
SECTION 4. 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: MAY 21, 2002
ATTEST:
APPROVE:
q0JtA,k S,4 IM l
Nataki S. Knight, As . City Clerk J Dailey, Mayor