HomeMy WebLinkAbout2016-05-01-R RESOLUTION No. C71 (0—"5- 1- R
RESOLUTION OF THE CITY OF BATESVILLE CERTIFYING LOCAL GOVERNMENT
ENDORSEMENT OF BUSINESS TO PARTICIPATE IN THE TAX BACK PROGRAM(AS
AUTHORIZED BY THE CONSOLIDATED INCENTIVEACT OF 2003,SECTIONI5-4-
2706(D)).
WHEREAS, the local government must endorse a business to participate in the Tax Back
Program and benefit from the refunds/tax credits as provided in the Consolidated Incentive Act
of 2003, Section 15-4-2706(d); and
WHEREAS, said endorsement must be made on specific form available from the Arkansas
Department of Economic Development; and
WHEREAS, Eurark, LLC located at 45 Sherrill Lane has sought to participate in the program
and more specifically has requested benefits accruing from new construction of the specific
facility; and
WHEREAS,Eurark, LLC has agreed to furnish the local government all necessary information
for compliance.
NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
BATESVILLE,ARKANSAS, THAT:
1. Eurark, LLC be endorsed by the City Council of the City of Batesville, Arkansas for
benefits from the refunds/tax credits as provided in the Consolidated Incentive Act of
2003, Section 15-4-2706(d).
2. The Department of Finance and Administration be authorized to refund local sales and
use taxes to Eurark, LLC.
3. This resolution shall take effect immediately.
This Resolution adopted this X10 day of , 2016.
A
C
R augh, Mayor
City of
Attest: o, J/I/,\I' w4n-j t"A I dn�-jn
Denise M. Johnston, City Merk