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RESOLUTION NO. 12,284
3 A RESOLUTION TO AUTHORIZE LOCAL GOVERNMENT
4 ENDORSEMENT OF BOYD METALS OF LITTLE ROCK, INC.
5 LOCATED AT 600 BOND STREET, LITTLE ROCK, ARKANSAS, TO
6 PARTICIPATE IN THE ADVANTAGE ARKANSAS PROGRAM; AND
7 FOR OTHER PURPOSES.
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, Boyd Metals of Little Rock, Inc. has been declared by the
13 management of the Advantage Arkansas Program to be an appropriate application and
14 benefit from the features of the program, and
15 WHEREAS, Boyd Metals of Little Rock, Inc. has agreed to furnish to the
16 management of the Advantage Arkansas Program all information necessary to assure
17 compliance with the 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 Boyd Metals of Little Rock,
22 Inc. to participate in the Advantage Arkansas Program and to be eligible to benefit from
23 any refunds and tax credits, including City gross receipts and compensating use tax
24 credits, in accordance with the regulations of the Advantage Arkansas Program.
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[PAGE 1 OF 21
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 Boyd Metals of Little Rock, 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: June 6, 2006
15 ATTEST: APPROVED:
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18 Na y Wood, ity Clerk
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20 APPROVED AS TO FORM:
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23 Thomas M. Carpenter, City Rttorney
24 H
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26 H
[PAGE 2 OF 2]
Resolution
To support Ring Container Technologies, Inc. in
Advantage Arkansas Program
Jim Oiley, Mayor