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Tax Back <br />RESOLUTION No. <br />RESOLUTION OF THE CITY COUNCIL OF CERTIFYING LOCAL GOVERNMENT <br />ENDORSEMENT OF Future Fuel Chemical Company TO PARTICIPATE IN THE TAX BACK <br />PROGRAM (AS AUTHORIZED BY SECTION 15- 4-2706(d) OF THE CONSOLIDATED INCENTIVE <br />ACT OF 2003). <br />WHEREAS, in order to be considered for participation in the Tax Back Program, the local <br />government must endorse a business to participate in the Tax Back Program; and <br />WHEREAS, the local government must authorize the refund of local sales and use taxes as <br />provided in the Consolidated Incentive Act of 2003; and <br />WHEREAS, said endorsement must be made on specific form available from the Arkansas <br />Economic Development Commission; and <br />WHEREAS, Future Fuel Chemical Company located at 2800 Gap Road, Batesville, AR 72501 <br />has sought to participate in the program and more specifically has requested benefits <br />accruing from construction of the specific facility; and <br />WHEREAS, Future Fuel Chemical Company has agreed to furnish the local government all <br />necessary information for compliance. <br />NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF (COMMUNITY NAME), <br />ARKANSAS, THAT: <br />1. Future Fuel Chemical Company be endorsed by the City Council of Batesville for <br />benefits from the sales & use tax refunds as provided by Section 15-4-2706(d) of the <br />Consolidated Incentive Act of 2003. <br />2. The Department of Finance and Administration is authorized to refund local sales <br />and use taxes to Future Fuel Chemical Company. <br />3. This resolution shall take effect immediately. <br />Title of head of governing body <br />Date Passed: <br />Attest: <br />Clerk <br />