HomeMy WebLinkAbout2025-06-01-R Tax Back
RESOLUTION No. 2025-06-01-R
RESOLUTION OF THE CITY COUNCIL OF BATESVILLE CERTIFYING LOCAL GOVERNMENT
ENDORSEMENT OF LACROIX OPTICAL CO. 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, Lacroix Optical Co. located at 50 LaCroix Dr Batesville, AR has sought to
participate in the program and more specifically has requested benefits accruing from
construction of the specific facility; and
WHEREAS, Lacroix Optical Co. has agreed to furnish the local government all necessary
information for compliance.
NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF BATESVILLE,ARKANSAS, THAT.
1. Lacroix Optical Co. be endorsed by the City Council of Batesville for benefits from the
sales & 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 Lacroix Optical Co.
3. This resolution shall take effect immediately.
Rick Elumbaugh, Mayor—-
Date Passed: June 10, 2025
Attest:
(j Jessica Davis, City Clerk