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Tax Back <br /> RESOLUTION No. 2025-06-01-R <br /> RESOLUTION OF THE CITY COUNCIL OF BATESVILLE CERTIFYING LOCAL GOVERNMENT <br /> ENDORSEMENT OF LACROIX OPTICAL CO. TO PARTICIPATE IN THE TAX BACK PROGRAM(AS <br /> AUTHORIZED BY SECTION 15-4-2706(d)OF THE 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, Lacroix Optical Co. located at 50 LaCroix Dr 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, Lacroix Optical Co. has agreed to furnish the local government all necessary <br /> information for compliance. <br /> NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF BATESVILLE,ARKANSAS, THAT. <br /> 1. Lacroix Optical Co. be endorsed by the City Council of Batesville for benefits from the <br /> 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 local sales <br /> and use taxes to Lacroix Optical Co. <br /> 3. This resolution shall take effect immediately. <br /> Rick Elumbaugh, Mayor—- <br /> Date Passed: June 10, 2025 <br /> Attest: <br /> (j Jessica Davis, City Clerk <br />