HomeMy WebLinkAbout107-98 RESOLUTION•
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RESOLUTION NO 10 7 - 9 8
A RESOLUTION OF THE CITY OF FAYETTEVILLE,
ARKANSAS, CERTIFYING LOCAL GOVERNMENT
ENDORSEMENT OF "PROJECT TELESTAR", WEST
TELESERVICES CORPORATION, TO PARTICIPATE IN THE
ADVANTAGE ARKANSAS PROGRAM (a/k/a ARKANSAS
ENTERPRISE ZONE PROGRAM --ACT 947 OF 1993).
WHEREAS, the local government must endorse a business to participate in the Advantage
Arkansas Program and benefit from the refunds/tax credits as provided in the Arkansas Enterprise
Zone Program Regulations of 1993; and
WHEREAS, said endorsement must be made on specific form available from Arkansas
Economic Development Commission; and
WHEREAS, "Project Telestar", West TeleServices Corporation, has sought to participate
in the program and more specifically has requested benefits accruing from construction of the
specific facility; and
WHEREAS, "Project Telestar", West TeleServices Corporation, has agreed to furnish the
local,government all necessary information for compliance.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF FAYETTEVILLE, ARKANSAS*
Section 1. That "Project Telestar", West TeleServices Corporation, be endorsed by the
City Council of the City of Fayetteville, Arkansas for benefits from the refunds/tax credits as
provided in the Arkansas Enterprise Zone Program Regulations of 1993, through June 30, 2001.
Section 2. That the Department of Finance and Administration be authorized to refund
Local sales and use taxes to "Project Telestar", West TeleServices Corporation.
Section 3 That this resolution shall take effect immediately.
,0"""PASSED AND APPROVED this Ath. day of August , 1998.
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ATTEST:
By: ;S /11,9Z/07
APPROVED;
By.
Fred Hanna, Mayor