HomeMy WebLinkAbout2014-05-01-R RESOLUTION
RESOLUTION OF THE CITY OF BATESVILLE CERTIFIYING LOCAL GOVERNMENT ENDORSEMENT OF
BUSINESS TO PARTICIPATE IN THE TAX BACK PROGRAM (AS AUTHORIZED BY SECTION 15-4-
2706 (D) OF THE CONSOLIDATED INCENTIVE ACT OF 2003)
WHEREAS, in order to be considered for participation in the Tax Back Program, the local
government must endorse a business to participate in the Tax Back Program; and
WHEREAS, the local government must authorize the refund of local sales and use taxes as
provided in the Consolidated Incentive Act of 2003; and
WHEREAS, said endorsement must be made on specific form available from the Arkansas
Economic Development Commission; and
WHEREAS, EurArk, LLC, located at 50 Industrial Drive, Batesville, Arkansas 72501 has sought to
participate in the program and more specifically has requested benefits accruing from a
building addition 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 Batesville,Arkansas for the benefits
from the sales and use tax refunds as provided by Section 15.4-2706 (d) of the
Consolidated Incentive Act of 2003.
2. The department of Finance and Administration is authorized to refund local sales
and use taxes to EurArk, LLC.
3. This resolution shall take effect immediately.
This Resolution adopted this �1 , day of MCIAA Z014.
a
Ri um au h, Mayor
City of Batesville
Attest: 4#y�
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Denise M. Johnston, City Clerk