0470 RESOLUTION NO, 470 ( #4 -94)
A RESOLUTION AMENDING RESOLUTION NOS. 328, 335, 404, AND 435
OF THE CITY COUNCIL OF THE CITY OF JACKSONVILLE, ARKANSAS
REGARDING LOCAL GOVERNMENT ENDORSEMENT FOR TRIANGLE
ENGINEERING'S CONTINUED PARTICIPATION AND EXPANSION IN THE
ARKANSAS ENTERPRISE ZONE PROGRAM; AND, FOR OTHER PURPOSES.
WHEREAS, THE CITY OF JACKSONVILLE HAS AN APPROVED ZONE
DESIGNATION FOR CENSUS TRACT 36.04 WITHIN THE CORPORATE
LIMITS OF THE CITY OF JACKSONVILLE; AND,
WHEREAS, LOCAL GOVERNMENT MUST ENDORSE A BUSINESS OR
ENTERPRISE TO PARTICIPATE OR EXPAND THEIR PARTICIPATION IN
THE ARKANSAS ENTERPRISE ZONE PROGRAM AND BENEFIT FROM THE
EXEMPTIONS AS PROVIDED IN THE ARKANSAS ENTERPRISE ZONE
PROGRAM REGULATIONS OF 1993; AND,
WHEREAS, TRIANGLE ENGINEERING HAS BEEN DETERMINED BY THE
MANAGEMENT OF THE ENTERPRISE ZONE TO BE APPROPRIATE MEMBERS
OF THE PROGRAM, AND HAS AGREED TO FURNISH MANAGEMENT OF THE
ENTERPRISE ZONE ALL NECESSARY INFORMATION FOR COMPLIANCE OF
EXPANSION OF THEIR PARTICIPATION IN THE PROGRAM SINCE THEIR
PURCHASE OF AND EXPANSION OF OPERATION INTO THE FORMER
FRANKLIN ELECTRIC BUILDING.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF
THE CITY OF JACKSONVILLE, ARKANSAS, THAT:
SECTION ONE: TRIANGLE ENGINEERING SHALL HEREBY BE
ENDORSED BY THE CITY OF JACKSONVILLE FOR EXPANSION OF THEIR
CURRENT PARTICIPATION TO BENEFIT FROM ADDITIONAL EXEMPTIONS
AS PROVIDED IN THE ARKANSAS ENTERPRISE ZONE PROGRAM
REGULATIONS OF 1993.
SECTION TWO: THE MAYOR AND CITY CLERK ARE HEREBY
AUTHORIZED TO APPROVE THE CERTIFICATE OF LOCAL GOVERNMENT
ENDORSEMENT FOR TRIANGLE ENGINEERING'S EXPANSION.
SECTION THREE: THIS RESOLUTION SHALL BE IN EFFECT FROM
AND AFTER ITS DATE OF PASSAGE.
SECTION FOUR: ALL RESOLUTIONS OR PARTS OF RESOLUTIONS
IN CONFLICT HEREWITH ARE HEREBY REPEALED TO THE EXTENT OF
SAID CONFLICT.
APPROVED AND ADOPTED THIS / DAY OF MAY, 1994.
CITY OF JACKSONVILLE, ARKANSAS
BY: A t r
TOMMY WAIM MAYOR
ATTEST:
4
L U'i w LEONARD, ITY CLERK
t
Rs: ' E. :A BU'R