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Tax Back <br /> RESOLUTION No. 2012-06-01-R <br /> RESOLUTION OF THE CITY OF BATESVILLE CERTIFYING LOCAL GOVERNMENT <br /> ENDORSEMENT OF BUSINESS 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, Peco Foods of Arkansas, Inc. located at 625 S. Allen Street, Batesville, Arkansas <br /> has sought to participate in the program and more specifically has requested benefits accruing <br /> from the construction and modernization of the specific facility; and <br /> WHEREAS, Peco Foods of Arkansas, Inc. has agreed to furnish the local government all <br /> necessary information for compliance. <br /> NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br /> BATES VILLE,ARKANSAS, THAT. <br /> 1. Peco Foods of Arkansas, Inc. be endorsed by the City Council of City of Batesville, <br /> Arkansas for benefits from the sales&use tax refunds as provided by Section 15-4- <br /> 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 Peco Foods of Arkansas, Inc. <br /> 3. This resolution shall take effect immediately. <br /> // Rick Mayor <br /> Date Passed: b l a—�a• <br /> Attest: V-Lj uN\912!� <br /> Clerk <br />