HomeMy WebLinkAbout2022-12-01-R RESOLUTION: V-/ -(7/-/�
A RESOLUTION OF THE CITY COUNCIL OF BATESVILLE,ARKANSAS,
CERTIFYING LOCAL GOVERNENT ENDORSEMENT OF EURARK, LLC TO
PARTICIPATE IN THE TAX BACK PROGRAM AS AUTHORIZED BY
ARKANSAS CODE ANNOTATED § 15-4-2706(d).
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 tax as
provided in the Consolidated Incentive Act of 2003; and
WHEREAS, Eurark, LLC d/b/a Lifeplus, located at 50 Industrial Drive, Batesville,
Arkansas, has sought to participate in the program and more specifically has requested benefits
accruing from the expansion and renovation of facilities in addition to the purchase of machinery
and equipment; and
WHEREAS, Eurark, LLC d/b/a Lifeplus, has agreed to furnish the local government all
necessary information for compliance.
NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL FOR THE
CITY OF BATESVILLE,ARKANSAS THAT:
Section 1: Eurark, LLC is endorsed by the City Council of Batesville for benefits from
the sales & use tax refunds as provided by Arkansas Code Annotated § 15-4-2706(d) of the
Consolidated Incentive Act of 2003.
Section 2: The Department of Finance and Administration is authorized to refund local
sales and use taxes to Eurark, LLC.
Section 3: This resolution shall take effect immediately.
Adopted this /34day of December, 2022.
Rick Elumb ,
Attest:
Denise M. Johnston, Ci lerk