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RES NO 02-03-2014 CITY OF VAN BUREN, ARKANSAS RESOLUTION NO. Z -3 2014 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 Lamp located at 1701 South 28th, 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 Lamp 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 Lamp be endorsed by the Van Buren City Council for benefits from the sales use tax refunds as provided by Section 15- 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 Lamp. SECTION 3: This resolution shall take effect immediately. IN WITNESS WHEREOF, the City of Van Bur Arkansas, by its City Council, did pass, approve, and adopt, by a vote of for and against, he fo egoing Resolution at its regular meeting held on the 24 of February 2014. Robert i Fr; man Mayor ATT STED: 4' P OVED a I RM: Barbie Curtis Can. A. e City Clerk/Treasurer City Attorney