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RESOLUTION NO. 798 OF 2012

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RESOLUTION NO. 798 OF 2012
RESOLUTION ENDORSING THE PARTICIPATION OF JEDCO PROPERTIES, LLC IN THE LOUISIANA ENTERPRISE ZONE PROGRAM
WHEREAS, the Louisiana Enterprise Zone Program, created pursuant to the Louisiana Enterprise Act, LSA-R.S. 51:1781, et seq., offers significant incentives for economic development to various areas in the State; and, WHEREAS, JEDCO Properties, LLC has located at Lot 1, Unit 9 Celebrity Drive and has requested rebate for the building material and equipment (the “Project”); and, WHEREAS, the Project is located within Census Tract 9605, Block Group 2; NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF ALDERMEN OF THE CITY OF RUSTON, LOUISIANA:
§1. The City endorses the participation of JEDCO Properties, LLC (Louisiana Enterprise Zone Application/Notification No. 20120929) in the Louisiana Enterprise Zone Program.
§2. In accordance with Louisiana Enterprise Zone program requirements, the City agrees:
(a) To participate in the Enterprise Zone Program.
(b) To assist the Louisiana Department of Economic Development in evaluating progress made in any Enterprise Zone within its jurisdiction.
(c) To rebate all eligible local sales/use taxes on the purchase of eligible construction materials, machinery and equipment purchased for this project and used by the business permanently on that site.
§3. The Mayor, Dan Hollingsworth, is authorized and empowered to execute any and all documents necessary for JEDCO Properties, LLC to participate in the Louisiana Enterprise Zone Program and to complete said project, and to do any and all things necessary and proper to carry out this Resolution and to fulfill its objects and purposes.
§4. This Resolution shall become effective upon final adoption and signature of the Mayor. Said Resolution having been read and considered by a quorum of the Board of Aldermen, on motion to adopt by Alderman Jedd Lewis, seconded by Alderman Jim Pearce, a record vote was taken and the following result was had:
YEA: ALDERWOMAN GLENDA HOWARD
ALDERMAN JEDD LEWIS
ALDERMAN ELMORE MAYFIELD
ALDERMAN JIM PEARCE
ALDERWOMAN MARIE S. RIGGS
NAY: NONE
ABSENT: NONE WHEREUPON, the presiding officer declared the above Resolution duly adopted in full on this the 6th day of August, 2012.
ATTEST:
EMMETT GIBBS, CLERK DAN HOLLINGSWORTH, MAYOR
1td: August 10, 2012

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