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0 a
RESOLUTION NO. 10,320
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
CITY OF LITTLE ROCK, ARKANSAS, CERTIFYING LOCAL
GOVERNMENT ENDORSEMENT OF PIRELLI TIRE COMPANY
TO PARTICIPATE IN THE ARKANSAS ENTERPRISE ZONE
PROGRAM.
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WHEREAS, the local government must endorse a business or enterprise to
participate in the Arkansas Enterprise Zone Program and benefit from the exemptions as
provided in the Arkansas Enterprise Zone Program Regulations of 1993, and
WHEREAS, said endorsement must be made on specific forms available from
AIDC, and
WHEREAS, Pirelli Tire Company, located at 5701 Murray Street, has been
determined by the management of the Enterprise Zone as an appropriate applicant, and
WHEREAS, Pirelli Tire Company has agreed to furnish to management of the
Enterprise Zone all necessary information for compliance.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF
DIRECTORS OF THE CITY OF LITTLE ROCK, ARKANSAS:
SECTION 1 -A. Pirelli Tire Company shall be endorsed by the City of Little
Rock for benefit from the refunds and tax credits as provided in the Arkansas Enterprise
Zone Program Regulations of 1993, through June 30, 1999, including any local City
gross receipts and compensating use taxes.
SECTION 1 -B. The Department of Finance and Administration shall be
authorized to refund local sales and use taxes to Pirelli Tire Company.
SECTION 2. The Mayor is authorized to sign the required Certificate of Local
Government Endorsement.
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SECTION 3. This Resolution shall take effect and be in full force from and after
its adoption and approval.
ADOPTED: July 21, 1998
ATTEST:
City Clerk Rob ie Hancock
APPROVED AS TO FORM:
Thomas M. Carpenter
City Attorney
APPROVED:
Ma or Jim Dailey
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