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Tax Back <br />RESOLUTION No. <br />RESOLUTION OF THE CITY COUNCIL OF BATESVILLE CERTIFYING LOCAL GOVERNMENT <br />ENDORSEMENT OF LACROIX OPTICAL CO. TO PARTICIPATE IN THE TAX BACK PROGRAM (AS <br />AUTHORIZED BY SECTION 15- 4-2706(d) OF THE CONSOLIDATED INCENTIVE 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, Lacroix Optical Co. located at 50 LaCroix Dr Batesville, AR has sought to <br />participate in the program and more specifically has requested benefits accruing from <br />construction of the specific facility; and <br />WHEREAS, Lacroix Optical Co. has agreed to furnish the local government all necessary <br />information for compliance. <br />NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF BATESVILLE, ARKANSAS, THAT: <br />1. Lacroix Optical Co. be endorsed by the City Council of Batesville for benefits from the <br />sales & use tax refunds as provided by Section 15-4-2706(d) of the Consolidated <br />Incentive Act of 2003. <br />2. The Department of Finance and Administration is authorized to refund local sales <br />and use taxes to Lacroix Optical Co. <br />3. This resolution shall take effect immediately. <br />Rick Elumbaugh, Mayor <br />Date Passed: <br />Attest: <br />Jessica Davis, City Clerk <br />