HomeMy WebLinkAbout2010-01-05-R RESOLUTION NO ( ?O 10 —` �s�I
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RESOLUTION OF THE CITY OF BATESVILLE CERTIFYING 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 Department of Economic Development; and
WHEREAS, FutureFuel Chemical Corporation located at 2800 Gap Road, Batesville,
AR had sought to participate in the program and more specifically has requested benefits
accruing from FutureFuel Chemical Corporation, 2800 Gap Road, Batesville, AR of the
specific facility; and
WHEREAS, FutureFuel Chemical Corporation 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. FutureFuel Chemical Corporation. be endorsed by the City Council of the City of
Batesville, Arkansas for 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
tax and use taxes to FutureFuel Chemical Corporation.
3. This resolution shall take effect immediately.
DATE:
Xe�14z-'i
MAYO
• CITY CLERK