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0544 000029 RESOLUTION N0, 544 ( #4 - 2001) A RESOLUTION OF THE CITY COUNCIL OF JACKSONVILLE ARKANSAS, CERTIFYING LOCAL GOVERNMENT ENDORSEMENT OF BUSINESS TO PARTICIPATE IN THE ADVANTAGE ARKANSAS PROGRAM (ALSO KNOWN AS THE ARKANSAS ENTERPRISE ZONE PROGRAM — ACT 947 OF 1993 AS AMENDED); AND, FOR OTHER PURPOSES. 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 as amended; WHEREAS, said endorsement must be made on specific form available from the Arkansas Department of Economic Development; WHEREAS, 3 & 3 Metals, located at 3024 Discovery Drive, Jacksonville, Arkansas, has sought to participate in the program and more specifically has requested benefits accruing from a new location; and, WHEREAS, J & J Metals 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 JACKSONVILLE, ARKANSAS, THAT: SECTION ONE: J & 3 Metals shall be endorsed by the City of Jacksonville for any and all benefits from the refunds /tax credits provided through the Arkansas Enterprise Zone Program Regulations of 1993 (as amended). SECTION TWO: The Arkansas Department of Finance and Administration is hereby authorized to refund appropriate local sales and use taxes as authorized by the Arkansas Enterprise Zone Program Regulations to 3 & 3 Metals. SECTION THREE: All resolutions or parts of resolutions in conflict herewith are hereby repealed to the extent of said conflict. APPROVED AND ADOPTED THIS :4� DAY OF MARCH, 2001. MAYOR TOMMY S AIM ATTEST: a AIL tiSlls . 'AVITT C ERK APPR• D AS TO FOR ` f Y b'4/�J ' s �. A V: • ROBER E. BAMBURG, ' ATTOR �^ /