Laserfiche WebLink
Tax Back <br /> ARKANSAS <br /> RESOLUTION No. 2009-11-01-R <br /> RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BATESVILLE CERTIFYING <br /> LOCAL GOVERNMENT ENDORSEMENT OF TOWNSENDS, INC. TO PARTICIPATE <br /> IN THE TAX BACK PROGRAM(ASAUTHORIZED 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, Townsends, Inc. located at 625 S. Allen 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, Townsends, Inc. has agreed to furnish the local government all necessary <br /> information for compliance. <br /> NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br /> BATESVILLE,ARKANSAS, THAT. <br /> 1. Townsends, Inc. 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 Townsends, Inc. <br /> 3. This resolution shall take effect immediately. <br /> Rict Elum g , Mayor <br /> Date Passed: November 9, 2009 <br /> Attest: <br /> Denise Johnsto , City Clerk <br />