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RESOLUTION NO. 7,569
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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.
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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