HomeMy WebLinkAbout2009-11-01-R Tax Back
ARKANSAS
RESOLUTION No. 2009-11-01-R
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BATESVILLE CERTIFYING
LOCAL GOVERNMENT ENDORSEMENT OF TOWNSENDS, INC. TO PARTICIPATE
IN THE TAX BACK PROGRAM(ASAUTHORIZED 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, Townsends, Inc. located at 625 S. Allen 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, Townsends, Inc. 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. Townsends, Inc. 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 Townsends, Inc.
3. This resolution shall take effect immediately.
Rict Elum g , Mayor
Date Passed: November 9, 2009
Attest:
Denise Johnsto , City Clerk