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RESOLUTION NO. 806 OF 2012 RESOLUTION

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RESOLUTION NO. 806 OF 2012 RESOLUTION ENDORSING THE PARTICIPATION OF MORTGAGE CONTRACTING SERVICES, 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, Mortgage Contracting Services, LLC has located at 1300 Celebrity Drive and will be creating ninety (90) new jobs (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 Mortgage Contracting Services, LLC (Louisiana Enterprise Zone Application/Notification No. 20120968) 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 Mortgage Contracting Services, 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 Elmore Mayfield, a record vote was taken and the following result was had:
YEA: ALDERMAN JEDD LEWIS
ALDERMAN ELMORE MAYFIELD
ALDERMAN JIM PEARCE
ALDERWOMAN MARIE S. RIGGS
NAY: NONE
ABSENT: ALDERWOMAN GLENDA HOWARD
WHEREUPON, the presiding officer declared the above Resolution duly adopted in full on this the 10th day of September, 2012.
ATTEST:
EMMETT GIBBS, CLERK DAN HOLLINGSWORTH, MAYOR
1td: September 14, 2012

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