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2005-04-01-R
CITY-OF-BATESVILLE
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2005-04-01-R
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RESOLUTION NOC �—7'l-9 <br /> RESOLUTION OF THE CITY COUNCIL OF BATESVILLE, ARKANSAS, <br /> LOCATED IN INDEPENDENCE COUNTY, ARKANSAS, CERTIFYING LOCAL <br /> GOVERNMENT ENDORSEMENT OF BUSINESS TO PARTICIPATE IN THE <br /> TAX BACK PROGRAM (AS AUTHORIZED BY SECTION 15-4-2706(d) OF THE <br /> CONSOLIDATED INCENTIVE ACT OF 2005). <br /> WHEREAS, in order to be considered for participation in the Tax Back Program, the <br /> local government must endorse a business to participate in the Tax Back Program and <br /> benefit from the sales and use tax refunds as provided in the Consolidated Incentive Act <br /> of 2003; and <br /> WHEREAS, said endorsement must be made on a specific form available from the <br /> Arkansas Department of Economic Development; and <br /> WHEREAS, Townsends of Arkansas, Inc. located at 1600 White Drive has sought to <br /> participate in the program and more specifically has requested benefits accruing from <br /> (expansion/construction) of the specific facility; and <br /> WHEREAS, Townsends 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 <br /> BATESVILLE, ARKANSAS, THAT: <br /> 1. Townsends of Arkansas, Inc. be endorsed by the City Council of Batesville, <br /> Arkansas, 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 Qis; <br /> Kis not AUTHORIZED TO REFUND LOCAL SALES AND USE TAXES <br /> TO TOWNSENDS OF ARKANSAS, INC. <br /> 3. This resolution shall take effect immediately. <br /> Date Passed: <br /> Attest: Joe M. Biard <br /> enise M. Johnston Mayor <br /> City Clerk <br />
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