HomeMy WebLinkAbout2010-06-03-R Tax Back
L . �caivsas
RESOLUTION No. Q1Q-b
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BATESVILLE CERTIFYING
LOCAL GOVERNMENT ENDORSEMENT OF ZILA CORPORATION TO PARTICIPATE
IN THE TAX BACK PROGRAM(AS A UTHORIZED 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, Zila Corporation is located at 267 E. Main Street, Batesville, AR has sought to
participate in the program and more specifically has requested benefits accruing from
construction of the specific facility; and
WHEREAS, Zila Corporation has agreed to furnish the local government all necessary
• information for compliance.
NOW THEREFORE BE IT RESOL VED BY THE CITY COUNCIL OF THE CITY OF
BATESVILLE,ARKANSAS, THAT:
1. Zila Corporation be endorsed by the City Council of the City 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 Zila Corporation.
3. This resolution shall take effect immediately.
Ric uayor
Date Passed: 7o101)i,�''o�010
Attest:
Denise Johnston, ity Clerk
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