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HomeMy WebLinkAbout7569a a, N .14 s4 U Ln N N M M r man r r M RESOLUTION NO. 7,569 rr r r r r A RESOLUTION OF THE BOARD OF DIRECTORS OF THE CITY OF LITTLE ROCK CERTIFYING LOCAL GOVERNMENT ENDORSEMENT OF TIMEX CORPORATION TO PARTICIPATE IN THE ARKANSAS ENTERPRISE ZONE PROGRAM. WHEREAS, the City of Little Rock has an approved Zone designation for Census Tract 2, Block Group 9 within the corporate limits of the City of Little Rock, and 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 Part IV of the Arkansas Enterprise Zone Program Regulations of 1983; and WHEREAS, said endorsement must be made on specific forms available from AIDC; and WHEREAS, Timex Corporation, has been determined by the management of the enterprise zone as an appropriate applicant; and WHEREAS, Timex Corporation, 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. Timex Corporation shall be endorsed by the City of Little Rock for benefit from the exemptions as provided in Part IV of the Arkansas Enterprise Zone Program Regulations of 1983. 140 9 -iy E- )I ■r r r M Mfg M r r M M r M M M 141 SECTION 2. The Mayor is authorized to sign the required Certificate of Local Government Endorsement. SECTION 3. This Resolution shall take effect and be in full force from and after its passage and approval. ADOPTED: March 18, 1986 ATTEST: __APPROVED: v1' C Y CLERK, aANE CZECH MAYOR THOMAS A. PRINCE APPROVED S TO Z4 MARK STODOLA, CITY ATTORNEY