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2010-08-01-R
CITY-OF-BATESVILLE
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2010-08-01-R
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Tax Back <br /> SAPMANSAS <br /> i <br /> RESOLUTION No4& Q— / /? <br /> RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BATESVILLE CERTIFYING <br /> LOCAL GOVERNMENT ENDORSEMENT OF NORTHARKANSAS FURNITURE <br /> MANUFACTURING,INC. TO PARTICIPATE IN THE TAX BACK PROGRAM(AS <br /> AUTHORIZED BYSECTION 15-4-2706(d) OF THE CONSOLIDATED INCENTIVE ACT <br /> 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, North Arkansas Furniture Manufacturing, Inc. located at 2210 E. Main Street, <br /> Batesville, AR has sought to participate in the program and more specifically has requested <br /> benefits accruing from construction of the specific facility; and <br /> • WHEREAS,North Arkansas Furniture Manufacturing, Inc. has agreed to furnish the local <br /> government all necessary information for compliance. <br /> NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br /> BATESVILLE,ARKANSAS, THAT. <br /> 1. North Arkansas Furniture Manufacturing, Inc. be endorsed by the City Council of the <br /> City of Batesville for benefits from the sales&use tax refunds as provided by Section 15- <br /> 4-2706(d) of the Consolidated Incentive Act of 2003. <br /> 2. The Department of Finance and Administration is authorized to refund <br /> local sales and use taxes to North Arkansas Furniture Manufacturing, <br /> Inc. <br /> 3. This resolution shall take effect immediately. <br /> Rick Elumbaugh, Mayor <br /> Date Passed: — 0— <br /> Attest: <br /> Denise Johnsto , City Clerk <br /> • <br />
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