115340 0
1 RESOLUTION NO. 11,534
2
3 A RESOLUTION TO AUTHORIZE LOCAL GOVERNMENT
4 ENDORSEMENT OF
REMETTRA, INC.,
LOCATED AT
400
5 HARDIN ROAD,
LITTLE ROCK,
ARKANSAS,
TO
6 PARTICIPATE IN THE ADVANTAGE ARKANSAS PROGRAM;
7 AND FOR OTHER PURPOSES.
0
9 WHEREAS, the regulations of the Advantage Arkansas Program, formerly the
10 Arkansas Enterprise Zone Program, require local government endorsement of business
11 or enterprises that wish to participate in and take advantage of the program, and
12 WHEREAS, REMETTRA, Inc. has been declared by the management of the
13 Advantage Arkansas Program to be an appropriate application and benefit from the
14 features of the program, and
15 WHEREAS, REMETTRA, Inc. has agreed to furnish to the management of the
16 Advantage Arkansas Program all information necessary to assure compliance with the
17 terms and conditions of the program.
18 NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF
19 THE CITY OF LITTLE ROCK, ARKANSAS:
20 Section 1. The City endorses and the Mayor is authorized to execute any
21 required Certificate of Local Government Endorsement of REMETTRA, Inc. to
22 participate in the Advantage Arkansas Program and to be eligible to benefit from any
23 refunds and tax credits, including City gross receipts and compensating use tax credits,
24 in accordance with the regulations of the Advantage Arkansas Program.
[PAGE 1 OF 21
Resolution
Authorize Endor aoent of REMETTRA, INC
0 0
1 Section 2. To the extent the City has authority to grant such authority, the
2 Department of Finance and Administration is authorized to refund any City sales and
3 compensating use taxes collected from REMETTRA, Inc. during the period of time that
4 it participates in the REMETTRA Program.
5 Section 3. Severability. In the event any title, section, paragraph, item, sentence,
6 clause, phrase, or word of this resolution is declared or adjudged to be invalid or
7 unconstitutional, such declaration or adjudication shall not affect the remaining
8 portions of the resolution which shall remain in full force and effect as if the portion so
9 declared or adjudged invalid or unconstitutional was not originally a part of the
10 resolution.
11 Section 4. Repealer. All laws, ordinances, resolutions, or parts of the same, that
12 are inconsistent with the provisions of this resolution, are hereby repealed to the extent
13 of such inconsistency.
14 ADOPTED: June 17, 2003
15 ATTEST:
16
17
18 Narl Wood, Woo City Clerk
19 l
20 APPROVED AS TO FORM:
21
23 Thomas M. Carpenter, CitVAttorney
24 H
25 H
26 H
[PAGE 2 OF 21
APPROVED: �
%:d
Jim �
EMU
.
Re,owuon
Awhorize Endors en[ of REMMRA, INC.