HomeMy WebLinkAbout119-98 RESOLUTIONr
RESOLUTION NO 119-98
A RESOLUTION OF THE CITY OF FAYETTEVILLE,
ARKANSAS CERTIFYING LOCAL GOVERNMENT
ENDORSEMENT OF HANNA'S POTPOURRI SPECIALTIES,
INC. TO PARTICIPATE IN THE ADVANTAGE ARKANSAS
PROGRAM (ALSO KNOWN AS THE 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, Hanna's Potpourri Specialties, Inc. has sought to participate in the program and
more specifically has requested benefits accruing from construction of the specific facility; and
WHEREAS, Hanna's Potpourri Specialties, Inc. 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 Hanna's Potpourri Specialties, Inc. 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 Hanna's Potpourri Specialties, Inc.
Section }. That this resolution shall take effect immediately.
?ASSED AND APPROVED this 1 st day of September , 1998.
'' APPROVED
A Is
ry i By.
? r , Fred Hanna, Mayor
ATTEST:
•')
By( 1'14 ,/ 4(
Heather Woodruff, City 1 rk