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0545 000030 RESOLUTION Na 545 ( #5 - 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, Improved Construction Methods, Inc. (also known as ICM), located at 1040 Redmond Road, Jacksonville, Arkansas, has sought to participate in the program and more specifically has requested benefits accruing from a new location; and, WHEREAS, Improved Construction Methods, Inc. (ICM) 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: Improved Construction Methods, Inc. (ICM) 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 Improved Construction Methods, Inc. (ICM). SECTION THREE: All resolutions or parts of resolutions in conflict herewith are hereby repealed to the extent of said conflict. APPROVED AND ADOPTED THIS 15th DAY OF MARCH, 2001. MAYOR TOMMY SW • M ATTEST: �� 1 1. �. aJ\ .` 'v SUS `R IDA ITT o _ • ! 1 N.. ' s APP •• E TOFo• :�I ( as. ROGER' E. BAMW ATTO•+