RES NO 03-05-2013 CITY OF VAN BUREN, ARKANSAS
RESOLUTION NO. 3 -.5 2013
BE IT ENACTED BY THE CITY COUNCIL, FOR THE CITY OF VAN BUREN,
ARKANSAS, A RESOLUTION TO BE ENTITLED:
A RESOLUTION OF THE CITY OF VAN BUREN, ARKANSAS 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 Economic
Development Commission; and
WHEREAS, Arkansas Poly located at 1248 South 28 Street, Van Buren, Arkansas has sought to
participate in the program and more specifically has requested benefits accruing from
construction and /or expansion of the specific facility; and
WHEREAS, Arkansas Poly 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
VAN BUREN, ARKANSAS, THAT:
SECTION 1: Arkansas Poly be endorsed by the Van Buren City Council for benefits from the
sales use tax refunds as provided by Section 1 5-4-2706(d) of the Consolidated
Incentive Act of 2003.
SECTION 2: The Department of Finance and Administration is authorized to refund local sales and use
taxes to Arkansas Poly.
SECTION 3: This resolution shall take effect immediately
IN WITNESS WHEREOF, the City of Van Burn, Aransas, by its City Council, did pass,
approve, and adopt, by a vote of jp for and Q against, th- foregoing Res. '.n at its ular meeting
held on the 18 of March 2013.
Robert D. D. Freema7
Ma
AT ESTED: A gp FORM:
Barbie Curtis Candice Sett e
City Clerk/Treasurer City Attorney