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2010-06-03-R
CITY-OF-BATESVILLE
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2010-06-03-R
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Tax Back <br /> L . �caivsas <br /> RESOLUTION No. Q1Q-b <br /> RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BATESVILLE CERTIFYING <br /> LOCAL GOVERNMENT ENDORSEMENT OF ZILA CORPORATION TO PARTICIPATE <br /> IN THE TAX BACK PROGRAM(AS A UTHORIZED BY SECTION 15-4-2706(d) OF THE <br /> 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, Zila Corporation is located at 267 E. Main Street, 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, Zila Corporation has agreed to furnish the local government all necessary <br /> • information for compliance. <br /> NOW THEREFORE BE IT RESOL VED BY THE CITY COUNCIL OF THE CITY OF <br /> BATESVILLE,ARKANSAS, THAT: <br /> 1. Zila Corporation be endorsed by the City Council of the City of Batesville for benefits <br /> from the 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 <br /> local sales and use taxes to Zila Corporation. <br /> 3. This resolution shall take effect immediately. <br /> Ric uayor <br /> Date Passed: 7o101)i,�''o�010 <br /> Attest: <br /> Denise Johnston, ity Clerk <br /> Cw <br />
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