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2
RESOLUTION NO. 12,249
3 A RESOLUTION TO AUTHORIZE LOCAL GOVERNMENT
4 ENDORSEMENT OF RING CONTAINER TECHNOLOGIES, INC., TO
5 BE LOCATED IN THE LITTLE ROCK INDUSTRIAL PARK ON
6 FRAZIER PIKE, LITTLE ROCK, ARKANSAS, TO PARTICIPATE IN
7 THE ADVANTAGE ARKANSAS PROGRAM; AND FOR OTHER
8 PURPOSES.
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10 WHEREAS, the regulations of the Advantage Arkansas Program, formerly the
11 Arkansas Enterprise Zone Program, require local government endorsement of business
12 or enterprises that wish to participate in and take advantage of the program, and
13 WHEREAS, Ring Container Technologies, Inc. has been declared by the
14 management of the Advantage Arkansas Program to be an appropriate application and
15 benefit from the features of the program, and
16 WHEREAS, Ring Container Technologies, Inc. has agreed to furnish to the
17 management of the Advantage Arkansas Program all information necessary to assure
18 compliance with the terms and conditions of the program.
19 NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF
20 THE CITY OF LITTLE ROCK, ARKANSAS:
21 Section 1. The City endorses and the Mayor is authorized to execute any
22 required Certificate of Local Government Endorsement of Ring Container Technologies,
23 Inc. to participate in the Advantage Arkansas Program and to be eligible to benefit from
24 any refunds and tax credits, including City gross receipts and compensating use tax
25 credits, in accordance with the regulations of the Advantage Arkansas Program.
[PAGE 1 OF 2]
Resolution
To support Ring Container Technologies, Inc. in
Advantage Arkansas Program
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 Ring Container Technologies, Inc. during the
4 period of time that it participates in the Advantage Arkansas 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: April 4, 2006
15 ATTEST: APPROVED:
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17
18 Na cy Wo , City Clerk
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20 APPROVED AS TO FORM:
21
22
23 Thomas M. Carpenter, City litorney
24 H
25 H
26 H
[PAGE 2 OF 2]
Resolution
'1'o support Ring Container Technologies, Inc. in
Advantage Arkansas Program
JimDailey, Mayor
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